Page 1 Advertisements Column 7

Poverty Bay Herald, Volume XIV, Issue 4769, 21 January 1887, Page 1

EQDMBLE LIFE Assurance Society, OF THE UNITED STATES. ASSETS Ang. 1, 1886 £14,500,000 SURPLUS 0veb*8,750,000 NEW BUSINESS of 1885... £20,000,000 Head Office: 120 BROADWAY, NEW YORK. London Office : 81 CHEAPSIDE, B.C. Bankers : THE BANK OF ENGLAND Messrs SMITH, P\YNE «fc SMITH. Trustees for Great Britain and Ireland: The Right Hon. The Earl ok Denbigh. Iho Right Hon. The Earl of Ivintobe. Sir Joseph C. Lee W)l ° hoh\ securities for £100,000 in the Bank of England as special nicurity for Policyholders in Great Britain and Ireland. NEW ZEALAND BRANCH, Queen St., Auckland. Local Director i, „• (With power to issue Policies and pay claims) Hon. Sir FREDERICK WHITAKER KM. 0., ML. O. (Chairman). Hon. JAMES WILLAUfSON, M.L.C. dr. j. log^n Campbell c. Godfrey knight, f.i.a., Actuary and Inspector for Australasia. 0. If. HAINKS, Esq., M.D., Chi/'f Medical Examiner. THE BANK OF NEW ZEALAND. Bankers. GEORGE THORNE, Jvx. f General Agent. GEORGE ROSS, Acting Manager. The following are examples of the actnal results of Tontine policies issued fifteen years ago by the Equitable Life Assuranca Society of the United States, and ending their Tontine period duriug this year. No other Company is able to show at the end of fifteen years such results on life policies paid to the Policyholdei during 1 his lifetime. The careful attention of every person desiring life assurance for investment ; for provision against the necpssities of old age, or for the protection ni wif« .in-l children, is directed to these examples : EXAMPLES X.-I/IFE POLICIES, No. 62.975. Issued July 20, 1871, on i.he life of J B • amount, £2,000 ; «««, 4:t ; annual premium,' I t/O Is 8d ; premiums paid in 15 years, ! £1,0/31 i)H. Rksult Jdly 20, ISStJ. - -The Policy holder : 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 £^143 13 7 Percentage to premiums paid, 109. 2. Paid tn? Value £2,034 0 0 Percentage to premiums paid, 193. 3. Cash.Bonus '. £588 g 2 Percentage to premiums paid, 68. N.B.— Under this settlement the Policy, holder withdraws the bonus in oaah, and retains the original policy for £2000, continuing the paymeut of annual premiums, faf annual dividends, EXAMPLE X VIII. ~LIFP POLICY. fAIl) UP JN 10 ANNcrxi, PAYMENTS. Amount. £2,000 ; age, 55" j ioatnrf pr». mmm £145 ; premiums paid in 15 year* £2,175. ' ' Result of maturity.— The polioyholder has now, upon the completion of th« Tontino period of fifteen years, the choice of five methods of settlement; the three most important are the following : 1. Cash Value £2,8451752 d Percentage to Premiums part, 131. 2. Paid-up Value £3,962 OsOd _ Percentage to Premiums paid, 182. d7 Cash Bonus £1,410 18« lOd Percentage to premiums paid, 65. N.B. — Under this settlement the policyholder withdraws the bonus in caßh, b»s ao more premium to pay, and retains the original policy for £2,000 as a paid op policy. In considering these results, remember that in every case if the policy had been terminated by death at any time daring 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 premium paid. Whereas the Equitable give back 114 per cent of the premium paid, The Equitable Dolicy holder ceases payment with a policy for a greater sura 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 Tohtinb combined with those of an ''Obwnaby" policy. 2. It gives the policyholder the choice of SIX advantageous methodß of settlement. It is Non-Forfeiting — Having after three yeara the paid-up surrender valuo given the holders of "Ordinary" policies. Hence it may be taken without risk for the longest possilble Tontiue 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 polioy — 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 O fflce in Auckland, Melbourne, Perth, and Sydney fin me (1 lately upon the receipt of satisfactory " Proofs," and the necessary legal release of the claim. 7. It is issued by the company which makes payments with most promptness. Of 1,043 death claims paid in 1885, uearly one-half v. ero paid tho very day proofs were received; while of the reinsinJer, the majority were paid within the following three days. 3. It is the cheapest policy. The preiuiura rates are the same a Ordinary " policies. 9. It has the chief advantages of in Endow* ment. 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 & fixed date, but it may bu continued for life. 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 more to be desired than tho 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. couueoted 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 the most popular com pany— And as its business is transacted on the purely ni'i tual plan, its success directly interests and benefits evory new assuraut. Tiio Equitable writes anuually a business many millioua larger thau that of any other company. Full information concerning the Surrendet Values of the Life and Endowment Policies of the Australasian Associations and estimates of Equitable Semi-Tontine Policies for ill ugea and period of duration, may be obtained from the authorised Agents of the Kquitable Life Assurance Society of the United States, BERRY, DANIEL, & CO. Cowmekcial, Finance, and Insueanoj Brokebs, Gisbokne,