Page 1 Advertisements Column 5

Poverty Bay Herald, Volume XIII, Issue 4742, 16 December 1886, Page 1

EQUITABLE LIFE Assurance Society, OF THE UNITED STATES. ASSETS Aug. 1, 1886 £14,500,000 SURPLUS ovek£.Vso,ooo NEW BUSINESS of 1885.... £20,000,000 Head Offiae: 120 BROADWAY, NEW YORK. Luirhu Office : 81 CHEAPSIDE, E.C. Jjankcrs : THE BANK OP ENGLAND, Messrs SxMITH, P\YXE & SMITH. Trustees for Great Britain and Ireland: The Right Hon. The Earl of Denbigh. The Right Hon. The Eai;l of Kintore. Sir 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, Quebn St., Auckland. Local DireMma; (With powci to issue Policies and pay claims) Hon. Sir FREDERICK WHITAKER K.M.G., M L.C. (Ohsiirinan\ Hon. .JAMES WILL A IMSON.M.L C. Dit. .). LOGAN CAMPBELL C. GODFREY KJUUHT, F.1. A., Actuary and Inspector for Australasia. C. IT. HAINES, Esq., M.D., Chief Medical Examiner. THE BANK OF NEW ZEALAND. Bankers. GEORGE THORNE, Jun., General Agent. GEORGE ROSS, Acting Managed 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 during this year. \o oilier Company is able to show at the cud of fifteen years such results oil life polities p;ml to the Polk) holder during his lifetime. The careful attention of every person desiring life assurance for investment ; for provision against Ihe necessities of old age, or for the protection of wife and children, is directed to these examples :— EXAMPLES X.-UFE POLICIES, No. 62,975. hsued.Julv 20, ISTl.on the life of J B • amount, £2,000; age, 43 ,- annual premium,' *jO Is Sd ; premiums paid in 15 years, £1,00 l os. Result July 20, ISSG. -The Policyholder has now, upon the completion of the Tontiue pe.iod of fifteen years, tho choice of six methods of settlement 5 the three most iur portant are the following :— 1. Cash Value £i,i 4B 13 7 Percentage to premiums paid, 109. 2 Paid up Value £2,034 0 0 Percentage to premiums paid, 193. 0. Cash BoNua £596 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, continuiujz the payment of annual premiums, Im annuaUhvtdvnde. EXAMPLE XvnL~LIFE POLICY. PAID IT IN' 1,3 ANNUAL PAYMENTS. Amount. £2,000; age, 55 ; annual premiam £145} premiums paid in lo years, 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 £2,54S 17s 2d Percentage to Premiums part, 131. 2. Paid-up Value £3,962 0s Od _ 1 ercentage to Premiums paid, 182. 3. Cash Bonus £1,410 18s lOd 1 ercentage to premiums paid, (35. 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. In considering these results, remember that in every case if the policy had been terminated by death at any time during the hfteen 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 mau back 61 per cent of the premium paid. Whereas the Equitable give back 114 per cent of the premium paid. The Equitable oolicy holder ceases payment with a policy for a greater sum than tho original policy, while the Government paid up policy is for les3 than half. ADVANTAGES. 1. The semi-Tontine Policy has all the material advantages of a full Tontine combiucd with those of an ''Ordinary" policy. 'J. It gives the policyholder the choice of j SIX advantageous methods of settlement. It is Non-Forfeiting— Havii)£ after tliren learn the paid-up surrender valuu Kiven the holders of " Ordinary " policies. Hence it may be taken without risk for tho longest possilble Tontine period f-20 yearsj. A speuikl advantage, because policies with tho longest terms show the largest protfts. 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 thtee years. 6. It is then payable at once. The Society makes settlement at its Brauch Office in Auckland, Melbourne, Perth, and Sydney immc diately upon the receipt of satisfactory " Proofs," aud the necessary lejjal release of the claim. 7. It is issued by the company which makes payments with most 2>rom2)tnens. Of 1,0-1:: death claims paid in 18S3, nearly one-half were paid the very d;iy yironfs were received ; while of the remainder, (he majority were jaid within the following three days. 8. It is the cheapest policy. The premium rates are the game as on " Ordinary " policies, 9. It has the chief advantages of an Endowment. And hits in addition the advantage-go! an "Ordinary Life" Pol'cy, for it may be issued at " life " rates which arc much cheaper, while it need not be terminated like an endowment at a fixed date, but it may be continued for life. 10. It is issued by the strongest Company. The Surplus ot the Sodety is larger than that o any other co ipany in tlir v orl'J. His therefore a safe polv.\ , and ?"orc to be desire-.! than t}\e. policies of other companies. 11. It is issued by the Company whose history shows the most healthy and steady growth— And may consequently be iepatded a*, the most satisfactory company to be connected with. 12. It is issued by the company accumulating the largest profits — Which means that no other company can be expected to furnish assurance at so reasonable an ultimate cost. 13. It is issued by Ihe most popular panyAnd as its business is transacted on the purely mutual plan, its success directly interests and benelits every new assurant. The Kqnitnble writes annually a business many millions larger than that of any other company. Full information concerning the Surreuder Values of the Life aud Endownieut Policies of the Australasian Associations and estimates of Equitable Semi-Tontine Policies for all ages and period of duration, may be obtained from the authorised Agents of the Equitable Life Assurance Society of tho United States, BEKRY, DANIEL, & CO. CcaniHßcuL, FixisoE, an:; li.'scij^ci;