Page 1 Advertisements Column 6

Poverty Bay Herald, Volume XIII, Issue 4738, 11 December 1886, Page 1

EpffABLE LIFE Assurance Society, OF THE UNITED STATES. ASSETS Aug. 1, 1886 414,500,000 SURPLUS oveh«B, 750,000 NEW BUSINESS of 1885.... £20,000,000 Head Office: I*2o BROADWAY, NEW YORK. London Office : 81 CHEAPSIDE, E.C. Bankers : THE BA.NK OF ENGLAND, Messrs SMITH, P\YNE & SMITH. Trustees/or Great Britain and Ireland: The Right Hon. The Earl of Denbigh. The Right Hon. The Maul of Kintorb. bir Joseph C. Lee Who hold securities for £100,000 in the Bank of England as special security for Policyholders in Great Britain and Ireland. NEW ZEALAND BRANCH, Queen St., Auckland. Local Directors: (With power to issue Policies and pay claims) Hon. Sin FREDERICK WHITAKER K.M.G..ML.O. (Chairman). Hon. JAMES WILLAIMSON, M.L C Dk. J. LOGAN CAMPBELL C GODFREY KNIGHT, F.1.A., Actuary and Inspector for Australasia. C. IJ. HAINES, Esq., M.D., Chief Medical Examiner. THE BANK OF NEW ZEALAND. Bankers. GEORGE THORNE, Jun., General Agent, GEORGE ROSS, Acting Manager. The following are examples of the actual results of ToutiDe policies issued fifteen years ago by the Equitable Life Assurance Society of the United States, and ending their Tontine period during this year. > r o other Company is able to show «t i he end of fifteen years such results on life policies paid to the Policyholder during' his lifetime. The careful attention of every person desiring life assurance for investment ; for provision against the necessities of old age or for the protectiou 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,' i/0 Is 8d ; premiums paid in 15 years £1,051 ss. Result July 20, ISB6.— The Policyholder has now, upon the completion of the Tontine period of fifteen years, the choice of six methods of settlement ; the three most important are the following :— 1. Cash Value £ ljl4B 13 ? Percentage to premiums paid, 109. 2. Paid up Value £2 ,034 0 0 Percentage to premiums paid, 193. 3. Cash Bonus £sg6 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 animal dividends. EXAMPLE XVIII. LIFE POLICY. PAID UP IN 15 ANNUAL PAYMENTS. Amount, £2,000 ; age, 55 ; annual premium £145 ; premiums paid in 15 years, £2,1 /5. Result of maturity.— The policyholder has now, upon the completion of the Tontine period of fifteen years, the choice of five methods of settlement; the three most important are the following :— 1. Cash Value £2,84S 17s 2d Percentage to Premiums part, 131. 2. Paid-up Value £3,962 0b Od ) _^Pcrcentage to Premiums paid, IS2. 3. Cash Bonus £1,410 18s lOd Percentage to premiums paid, 65. N.B.- Under this settlement Ihe poJlcyTiohler withdraws the isoNUS in caah, 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 beneliciary. COMPARISON. After fifteen years of Insurance, the Government 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 payment 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 Tontink combined with those of an •' Ordinary" policy. 2. It gives the policyholder the choice of SIX advantageous methods of settlement. It is Non-Forfeiting — Having after three years the paid-up surrender valuu jnven 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 the longest terms show the largest profits. 4. It is a clear and simple form of policy — Avoiding the technical requirements with which the policies of other companies are overburdened. 5. It is Incontestable after three years. 6. It is then payable at once. The Society makes settlement at ita Branch Office in Auckland, Melbourne, Perth, and Sydney imme diately upon the receipt of satisfactory " Proofs," and the necessary legal release of the claim. 7. It ia issued by the company which makes payments with most promptness. Of 1,043 death claims paid in ISBS, nearly one-half were paid the very day proofs were received ; while of the remainder, the majority were paid within the following three days. 8. It is 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 "Ordinary Life" Policy, for it may be issued at "life" rate* which are much cheaper, while it need not be terminated like an endowment at a fixed date, but it may be continued for life. 10. It i« issued by the strongest Company. The Surplus of the Society is larger than that o any other co-i-pany in the world. It is therefore a safe policy, and more to be desired than the policies of other companies. 11. It is issued by the Company whose history shows the most healthy and steady growth — And may consequently be regarded as the most satisfactory company to be connected with. 12. It is issued by the company accumulating the largest profits — Which means that no otlicr company can lie expected to furnish assur;uite at tv reasonable an ultimate cost. 13. It it; isbutd by the must popular company— And as its business is transacted on the purely mutual plan, its success directly interests and benefits every now assurant. Tuo Equitable writes annually a business many millions larger than that of any other company. Pull information concerning the Surrender Values of the Life aud Endowment Policies of the Australaaiun Associations and estimates of Equitat>!n Semi-Tontine Policies for nil ages and period of duration, may be obtained from the authorised Agente of the Kquituble Life Assurance Society of the Uuitfcd State*. BERRY, DANIEL, <fc CO. CoaTMEKCIAL, FINANOE, AND In'SUKAM;*. BKOtKBtf, GlSßOtttfß.