Page 1 Advertisements Column 6

Poverty Bay Herald, Volume XIII, Issue 4739, 13 December 1886, Page 1

TBCB EQUITABLE LIFE Assurance Society, OF THE UNITED STATES. ASSETS Aug. 1, isstf £14,000,000 SURPLUS 0veh£3,750,000 NRW BUSINESS of 1885.... £20,000,000 Head Office: 120 BROADWAY, NEW YORK. London Office. : 81 CHEAPSIDE, E.G. Bankers : THE BANK OF ENGLAND, Messrs SMITH, PVYNE & SMITH. Trustees for Great Britain and Ireland: The Right Hon. The Earl of Denbigh. The Right Hon. Tho Eai:l ok Kintore. Sir Joseph C. Lee Who hold securities for £100,000 in the Bank of England a3 special security for Policy* holders in Great Britain and Ireland. NEW ZEALAND BRANCH, Queen St., Auckland. Local Directors; (With power to issue Policies and pay claims) Hon. Sir FREDERICK WHITAKER, K.M.G.,ML.C (Ohairnw.). Hn N . JAMES WILLAIMSON, M.L C. Dn. J. LOGAN CAMPBELL C. GODFREY KNIGHT, F.1. A., Actuary and Inspector for Australasia. (J. H. HAINES, Esq., M.D., Chief Medical Examiner. THE BANK OF NEW ZEALAND. Bankers. GEORGE THORNE, Jun., General Agent. GEORGE ROSS, A.tino Manaujsk. The following are examples of the actual results of Tontine policies issued fifteen years ago by the Equitable Life Assurance Society of the United Statee, and ending their Tontiue period duriug this year. Xo other Company is able to show at the end of fifteen years such results on life policies puid 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 protection of wife and children, ia 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, (3 ; annual premium, £70 Is Sd; premiums paid in IS years, £1,051 os. Rk,si:lt July 20, lsbb'.— 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 : — I. Cash Value £^143 13 7 Percentage to premiums paid, 109. •2 Paid up Valce £2,034 0 0 Percentage to premiums paid, 193. 3. Cash Bonos £586 5 2 Percentage to premiums paid, 56. N.B.— Under this settlement the Policyholder withdraws the bonus in cash, and re^ tains the original policy for £2000, continuing the payment of annual premiums, less annual dividends. EXAMPLE XVIII. LIFE POLICY. PAID UP IN 15 ANNUAL PAYMENTS. Amount, £2,000 ; age, 55 ; annual premium £145 ; premiums paid in 15 Veare, £2,175. Result o>- 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 Valujs £2,848 17s 2d Percentage to Premiums part, 131. 2. Paid-up Value £3, 9(i-2 Os Od to Premiums paid, 182. 3~"Cash Bonus £1,410 18s lOd Percentage to premiums paid, b"5. N.B. — Under this settlement the policyholder withdraws the j-.onus 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 benetieiary. COMJ'AKISOX. After iifteen 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 ToKTINE 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 thre.c. yea's the paid-up surrender value i/iven the holders of "Ordinary" policies. Hence it may be taken without risk for the longest possilbie Tontine period [20 years]. A special advantage, because policies with tho 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 its Branch Office in Auckland, Melbourne, Perth, and Sydney itniue diately upou the receipt of satisfactory " Proofs," and the necessary k'fial release of the claim. 7. It is issued by the company which makes payments with most pro7/iptness. Of l,oi:> death claimb paid in IBSS, marly one-halt were paid the very day vroofs \v,ere received; while of the remainder, the majority were paid within the following three days. S. It is the cheapest policy. The premium rates are the same as ou " Ordinarr " 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" rates which are much cheaper, while it need not be terminated like an endowment at a fixed date, but it may be continued for lite. 10. It is issued by the strongest Company. The Surplus of the Society is larger than that o any other company in the world. It is therefore a"safe policy, and nlore to be desired than the policies of other companies. 11. It is issued by the Company whose his* tory shows the most healthy and steady growth — And may i'Oiisci|Ucntly be regarded a-; tlic uiobL satisfactory company to be connected «ith. 12. It is issued by the company accumulating the largest profits— Which means that no other company can be i'\-pu-ti-d to fumi-sh assurance «it bo reasonable uij ultimate cost. 13. It is issued by the most popular company — And a.; us bu^iiie. s w ?rausact"id om the purely ihutual plan, its miccoss directly iuttruats and be'uetits every new assuviut. The Equitublo writes anuually a business many millions larger thau that of Any other company. Full information concerning the Surrender Values of the Life aud Endowment Policies of the Aubtralasian Associations and estimates of Equital>l«- Semi-Tontine Policies for all ages and period of duration, may be ob» taiued from the authorised Agents of the Kquitiliie L'fe Assurance Society of the United Statee, BERRY, DANIEL, & CO. Commercial, Finanok, and Insurance liKOKEIiH, GISUOKNE.