THE AUSTRALIAN WIDOWS’ FUND LIFF ASSURAHCE SOCIETY, LIMITED. (Established 1871.) (Conducted on purely mutua principles.) k FOR MUTUAL LIFE ASSURANCE, ANNUITIES, 'SAND ENDOWMENTS. Chief Offices—Melbourne, Sydney, Wellington, Aloliile, Brisbane, and Launceston. Hoad Office for Now Zealand —6, Custom House Quay, Whllington. Board of Directors—John Guthrie Wood Aifcken, ( : 'i r k- 2 *', Wilson and Co) Chairman, Walter Fell, MD„ Oxon., M R. 0.5., London, Alexander Horsbuvg Turnbull (W, aud G, Turnbull and Co.) Actuary—James Graham, F.I.A , F F A. Resident Secretary—Charles J. Fowler, Accumulated Funds exceed £1,200,000. Annual .Revenue exceeds £200,000 AH Praflts Belong to the Assured, SPECIAL F i F^OSF=E2G'TTJS of a New Sy Jem of Life Assurance , exempting from Papmerit of Premiums when the Assured is either temporarily or permanently incapacitated either bp accidental bodily injury or by illness or bp mental disorder . LOAN B -A-GUAINAWI? AJ.IN. KIR IS JO 1R I? VALUE. The Society will at all times advance, on the simple security of the Policy, to the extent of nine-tenths of its surrender value. Members are stongly recommended to koop their policies in force as long as possible, and in the’event of a to noorary fin racial trouble to borrow against I the surrender values of their policies rather than discontinue them a!together4 | The amount thus borrowed can bo repaid at convenience, provided the interest bo regularly met aud the rmowal premiums promptly paid, if this be done, ' the amount borrowed (tan remain as a charge to be deducted Jfrom the sum assured in esse of death. IE O ANN .-5 ON rUUIIitNOINAL AND JTJS, IS E £TOLD SKCUiIITY. Oncycahuidcir mont’s grace is allowed on Renewal Premiums, and Policies that have been allowed to lapse through oversight or from pressure of circumstances may bi revive I at any timo within months from the data when the Proimums . became duo, on certain conditions; 1 AU SOLUTE .S ECUKITY, The Australian 'Widows’ Fund provides for its Members Absolute 3eCttrily which is Lho most, essential feature in a L»te Assurance Contract, By valuing its liabilities upon the “Faro Premium” method, the whoio of the expenses of currying on and extending the business have jfoeen treated as a charge upon, aud have been p ii-», ONCE AMD FOR aLL, out of the revenue of the period in which they were incurred. The sources from which the Society’s proli.s will arise in future years Doing thus preserved 1 , intact and not anticipated in any way, is the boss guarantee tuat the profits of future years will compare favourably witu those of the past. MONTHLA" AUDIT. A "monthly audit of the boohs and accounts of tha Society is carried out by two professional auditors—a now foatuie introduced by this society, aud well calculated to protect tha rights aud property of the Members. The Divectois’ and Auditors’ Reports, with Balance-sheet, are submitted at each yearly meeting of the Mem be la. ! THE RESERVES .OF THE AUSTRALIAN WIDOWS' FUND ARE BASED UPON THE verest Standard lino wo to Actuarlftl Science. PIII-NC IPA, L POIS TS, IS JLC O TJ O ii: To Ujil? lIN r l';j lAIA FIFTH PIMPESHIU ill VESTIGATION 1. A Steadyijiucrcaso in the Now Business. 2. A Steady Reduction in the Void Business. 3. Rod notion of nearly 1 per cent, in the Expenses, 4. A. Favouraolo Rato of Mortality. 5 The High Actuarial Standard of Valuation adapted by]the Society in ISO I has bo“U adhered t j. G. ABSOLU I'E HEOfJRITV has boo a throughout reooguised as the I par amount consideration. j i Fov'further parthalars apply | R. HAMERTO N, KHNIDWT AG£3N"l’. OS PA TEA iNI> DlSTltm',
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Bibliographic details
Patea Mail, Volume XII, Issue 56, 7 June 1899, Page 1
Word Count
596Page 1 Advertisements Column 3 Patea Mail, Volume XII, Issue 56, 7 June 1899, Page 1
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