Page 1 Advertisements Column 5

Poverty Bay Herald, Volume XIII, Issue 4741, 15 December 1886, Page 1

■VKIEZ EQUITABLE LIFE Assurance Society, OF THE UNITED STATES. ASSETS Aug. 1, ISS6 £14,500,000 SURPLUS 0vkk£8,750,000 NEW BUSINESS of 1883... £20,000,000 Head Office: 120 BROADWAY, NEW YORK. Lnnbui Office : 81 CHEAPSIDE, E.C. Jhinkn's : THE BANK OF ENGLAND, Messrs SMITH, P \YNE & SMITH. TruM^a/or Great Britain and Ireland: The Right Hon. The Earl of Denbigh. The Right Hon. The Eakl of Kintore. Sir Joseph C. Lee Who hold securities for £100,000 in the Bank of England a3 special security for Policyholders m 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 (Chairman). Ho>-. JAMES WILLAIMSON, M.L C Dr. J. LOGAN CAMPBELL C. GODFREY KNIGHT, F.1. A., Actuary and Inspector for Australasia. C. H. HAINES, Esq., M.D., Chief Medical Examiner. THE BANK OF NEW ZEALAND. Bankers. GEORGE THORNE, Jun., General* Agent. GEORGE ROSS, Acting Manaoeii. The following are examples of the actual results of Tontine policies issued fifteen yearß ago hy the Equitable Life Assurance Society of the United States, and ending their Tontine period duriug this year. No oilier Company is able to show at tin? end of fifteen years such results on life policies jmid 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, is directed to these examples : — EXAMPLES X.-LIFE POLICIES, No. 62,975. Issued July 20. IS7I, on the life of J. B • amount, £2,000 j age, 43 j annual premium, £70 la 8d j premiuma paid in 15 years, £1,051 ss. Result July 20, ISS6. — The Policyholdor has now, upon the completion of the Tontine period of fifteen years, the choice of six inelhods of settlement ; the three moat im« portant are the following ;— 1. Cash Value £1,148 13 7 Percentage to premiums paid, 109. 2. Paid up Value £2,034 0 0 Percentage to premiums paid, 193. 3. Cash B >nus £586 5 2 Percentage to premiums paid, 56. N.B.— Under this settlement the Policy* holder withdraws the honuh in cash, and re« tains the original policy for £2000, continu* inp tho payment of annual premiums, kstt annual dividend*. EXAMPLE Will. "*LIFE POLICY. PAID UP IN 15 ANNUAL PAVMESTS, Amount, £'2,000 ; age, 55 ; annual premium_ £140 ; premiums paid in 15 years, £2,175. Result o. 1 matukity.— The policyholder has now, upon the uompletion of the Toutinc period of fifteen years, the choice of Jive methods of settlement; the three most important are the following :— 1. Cash Value £2,548 17s 2d Percentage to Premiums part, 131. 2. Paid-up Value £3,9(52 OsOd _^ Percentage to Premiums paid, 182. 3. Cash Bonus £1,410 18s lOd Percentage to premiums paid, G5. N.B.— Under this settlement the policyholder withdraws the bonus in cash, has no more premium to pay, and retains the original policy for £2,000 as a paid up policy. lu_ considering these results, remember that in every case if the policy had been terminated by death at any timo 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 Government give a man back 61 per cent of the iremium 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 tho original policy, while the Government paid up policy is for Jess 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 thren yea>s the paid-up surrender value j.ivjn the holders of "Ordinary "policies. Hence if. may be taken without risk for the longest possiible TontMie period [20 years]. A special advantage, because policies with tho longest terms show the la'geat 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. Ifc is Incontestable after thtee years. G. Ifc is then payable at ouce. TJic Society makes settlement at its Branch Olficc in Auckland, Melbourne. Perth, and i\vduey inline diatuly upon the receipt of satisfactory " Proofs," and the ni.-ci'«iary legal release or' the claim. 7. It is issued by the compiny which makes payments with most promptness. Of 1,04' i death claims paid in 3SSj, nearly one-half were paid the very day proofs wore received ; while of the remainder, the majority were paid within the following three days. S. It is the cheapest policy. The premium rates arc tho same as on " Ordinary " policies. 9. It has the chief advantages of an Eadovvnient. AnH has ii; a'tdi'ion tho ad'.-antajjeb of an "Ord'n;in Life ' Policy, for !t !ii.i< l>o 'ssucil at "life " ratcb which are miv.h" '. heapcr, wh'le *t need not l>«; teirai.'iiite' like- an endowment at ?.• «::<-d date, but it iuay bi- Lonthiu.d tcr lift. 10. It is issued by the strongest Company. Thf Surplus of the is !ar~cr than that, o any othw eoi j'any in th r wori'J. it is therefore v safe poliry, and more to be desired than the poliiiet>o£ other companies. 11. It is issued by the Company whose history sliowb the moat healthy and steady growth — Ami may consequently be regarded as the most satisfactory company to be touimc.ed with. 12. It is issued by the company accumulating the largest profits — Which meun.3 that no other company can be oxl>i'i;t(td to furnish assurance at so reasonable an ultimate ro.st. 13. It is issued by the moat popular company — And as its business is transacted on the purely mutual plan, its success directly interests and benefits every new assuraut. The Equitable writes annually a business many millions larger than tha{ of any other compauy. Full information concerning the Surrender Values of the Life aud Endowment Policieo of the Australasian Associations and esti* mates of Equitable Semi-Tontine Policies for all nges and period of duration, may bo obtained from the authorised Agents of the Kquitablc Life Assurance Society of the United States, BEURY, DA.NIEL, & CO. CoWMUTX'IAr-, FINAKUK, ANP iNSUEASCi: lineKKH.s, QltiKOKh'E.