Page 1 Advertisements Column 5

Poverty Bay Herald, Volume XIII, Issue 4736, 9 December 1886, Page 1

eqdlUbie LIFE A.BSURAHCB Society, OF THE UNITED STATES. •'.." ASSETS Aug. 1, 1886 A' 14,500,000 SURPLUS 0ver£3,750,000 NBW BUSINESS of 1585.... £20,000,000 "J; Head Office: 120 BROADWAY, NEW YORK. London Office : SI CHEAPSIDE, E.C. Bankers : THE BANK OF ENGLAND, Messrs SMITH, P\YNE & SMITH. Trustees for Great Britain and Ireland: The Right Hon. The Earl of Denbigh. The Right Hon. Tho Eahl ok Kintore. Sir Joseph C. Lee Who hold securities for £100,000 in the Bank of England as special security for Policyholders in Great Britain aud Ireland. NEW ZEALAND BRANCH, Qoekn St., Auckland. Local Directors : (With power to issue Policies and pay ckima) Hon. Sir FREDERICK WHITAKER K.M.6..ML0 (Hhairman). Hon. JAMES WILLAIMSON, M.L C. Dr. J. LOGAN CAMPBELL C. GODFREY KNIGHT, F.1. A., Actuary and Inspector for Australasia. CH. HAINES,'E 3 q., M.D., Chief Medical Examiner. THE BANK OF NEW ZEALAND. Bankers. . GEORGE THORNE, Jon., General Agent. GEORGE ROSS, Acting Manager. The following are examples of the actual results of Tontine policies issued fifteen years ago by the Equitable Life Assurance Society of the United States, and ending their Tontine period duriug this year. No other Company is able to show at the ond of fifteen years such results on life, policies paid to the Policyholder during his lifetime. The careful attention of overy person desiring life assurance for investment ; for provision against the necessities of old age, or for the protection of wife and children, is directed to these examples : — EXAMPLES X.-LIFE POLICIES No. 62,975. ' Issued July 20. 1871, on the life of J B • amount, £2,000 ; age, 43 ; annual premium ' $1 L 1 , 8 8(1 ; P remiuills paid in 15 yeare, £1,051 os. Rksult July 20, ISS6 — The Policyholder hasnow, upou thecnuipleiion of the Tontine petiod of fifteen years, the choice of six methods of settlement ; the three most important are the following :— 1. Cash Value £I j4 B 13 ? Percentage to premiums paid, 109. 2. Paid up Value £2,034 0 0 Percentage to premiums paid, 193. 3. Cash Bonus... £gB6 5 2 Percentage to premiums paid, 56. N.B.— Under this settlement the Policyholder withdraws the bonus in cash, and retains the original policy for £2000, continuing the payment of annual premiums, less annual dividends. EXAMPLE XVIII. LIFE POLICY. PAID UP IN 15 ANNUAL PAYMKNTS. Amount, £2,000; age, 55; annual premium £145 ; premiums paid in 15 years, £2,175. Result of maturity.— The policyholder has now, upon the completion of the Tontine period of fifteen years, the choice ol hve methods of settlement; the three moat important are the following : 1. Cash Valuk £2,848 -178 24 Percentage to Premiums part, 131. 2. Paid-cv Vawjk 0,062 0s Od _^ Percentage to Premiums paid, 18:2. 3. Cash Bonus £1,410 18s lOd Percentage to premiums paid, 65. N.B.— Under this settlement the policyholder withdraws the jionus in cash, has no more premium to pay, and retains the original policy for £2,000 as a paid up policy. In" considering these results, remember that in every case if the policy had been terminated by death at any time during the fifteen years of the Society would have paid the full amount of the assurance to the beneficiary. COMPARISON. ; After fifteen years of Insurance, the Go- | vernment give a man back 61 per cent of the premium paid. Whereas the Equitable give back 114 per cent of the premium paid; The Equitable policy holder ceases pay> ment with a policy for a greater sum than the original policy, while the Government paid up policy is for less than half. ADVANTAGES. 1. The semi-Tontine Policy has all the material advantages of a full Tontine combined with those of an "Obdinaky" policy. 2. It gives the policyholder the choice of SIX advantageous methoda of settlement, It is Non-Forfeiting — Having after three years the paid-up surrender value jtiveu the holders of " Ordinary" policies. Hence it may be taken without risk for the longest possilble Tontine period [20 years]. A special advantage, because policies with tho longest terni3 show the largest profits. 4. It is a clear and simple fojrtn of policy — Avoiding the technical requirements with which the policies of other companies are overburdened. 5. It is Incontestable after thtee years. 6. It is then payable at once. The Society makes settlement ftt its Brauch Office in Auckland, Melbourne, .'Perth, and Sydney iinnie diately upon the receipt of satisfactory " Proofs," and the necessary legal release of the claim. 7. It is issued by the company whioh makes payments with most promptness. Of 1,04.') dcatli claims paid in iHSb, nearly one-half were paid the \ery day proofs were received; while of the remainder, tho majority were paid within the following three days. S. It ia the cheapest policy. The premium rates are the same as on " Ordinary " policies, 9. It has the chief advantages of an Endowment. And has in addition the advantages of an "Orlinary Life" Polity, for it may he issued at "life" rate* which are much cheaper, while it need not tx; terminated like an endowgntnttti ft tlxed date, but it may bo continued for life. 10. It is issued by the strongest Company. The SurpluH of the Society its larger than that o uuy other conipwiyjin tbo ■world. It is therefore a safe policy, and more to be desired tbau the policies of other companies. 11. It is iMued by tho Company, whose history shows the moat healthy and Bteady growth — Aud may consequently be regarded as the most satisfactory couipauy to be eouuecced with. 12. It is issued by the company accumulating the largeot profits— Which means that no otuer company tan be t.\peatd to furnish absuraixje at bo reasonable hu ultinutti- cost. 13. It !6 issued by the most popular company— And as its busin'ss is transacted on the pure!., mutual plan, it* sutxesa direU!/ interest* aud benefits even- new at,6urj.nt. The Equitable writes annually a business many millions larger than that of any other company. Foil information concerning the Surrender Values of the Life aud Endowment Policies of the Australasian Associations and estimates of Equitabl* Semi-Tontine Policies for all ages and period of duration, may be obtaiued from the authorised Agents of the Equitable Life Assurance Society of the United States, BERRY, DANIEL, <fe CO. CotfUJStiCUIo FINANOK, AND iNSUBANtifc