Page 1 Advertisements Column 7

Poverty Bay Herald, Volume XIV, Issue 4770, 22 January 1887, Page 1

EQUITABLE LIFE Assurance Society, OF THE UNITED STATES. ASSETS Aug. 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 CLIEAPSIDE, E.C. Bankers : THE HANK OF ENGLAND, Messrs SMITH, P \YNE & SMITH. Trustees for Great Britain and Ireland: The Right Hon. The Earl of Denbigh. The Righc Hon. The Eakl, of Kintore. Sir Joseph C. Lee Who hold securities for £100,000 in the Bank of Knglaud as special security for Policy holders in Great Britain and Ireland, NEW ZEALAND BRANCEL-^-aB QUEKN i% AuCKLltb. "■■"' -.■■ '" Local BitectOTs : (With powei to issue Policies and pay olaims) Hoy. Sik FREDERICK WHITAKER. K M. G., ML. C. (Chairman). Hew. JAMES WJLLAIMSON. M.L 0 Dk. J. LOGAN CAMPBELL C. GODFREY* KXIGHT. F.1. A., Actuary and Inspector for Australasia, C If. HAINKS, Esq., M.D., Chi-f Medical Examiner. THE BANK OF NEW ZEALAND. Bankers. GEORGE THORNE, Jun., General Agent. GEORGE ROSS, Acting Manager. The following are examplea of the actual results of Tontine policies issued fifteen years ago by the Equitable Life Assurance Society of tho United States, and ending their Tontine period during this year. No other Company is able to show at the end or fifteen years such results on life policies paid to the Policyholdei during: his lifetime. The careful attention of every person desiring life assurance for investment ; for provision against the necessities of old agp nr for the protection of wife nn-i children', ia directed to thccc examples : — EXAMPLES X.-IJFE POLICIES, No. C 2.975. Issued July 20. 1571,"n the life of .J T». • amount, £2,000 ; ug-, 4:5 ; annual pivmin.,,,' ■ £, /J. - ; P iemiums P^'l in 15 yt-ai*. i-1, 051 yd. Resclt JaLY 20, 18S6 —The Policyl.ol.ier has now, upou the completion of the Tontine penod of fifteen years, the choice of six methods of settlement ; the three most important are the following : — 1. Cash Value £1,143 13 7 Percentage to premiums paid, 109. 2. Paio up Value /. £2,034 0 0 Percentage to premiums paid, 103. 3. Cask Bonus £5 8 6 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 paymwit of annual premiums, km annual dividends. EXAMPLE XVIE"~LIFE POLICY. PAID UP IS 15 ANNUAL PAYMENT 3. Amount. £2,000 ; age, 55 j annual premium £145 ; premiums paid In 15 years, i>2jlJs. . - . " Kesultof maturity.— The policyholder lias 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 17a2d Percentage to Premiums part, 131. 2. Paid-up Value £3,962 0a Od Percentage to Premiums paid, 182. 3. Cash Bonus £1,410 18s lOd Percentage to premiums paid, 65. 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 theae results, remember that in every case if the policy had been terminated by death at any time during the fifteen years of the Socipty 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 tho premium paid. The Equitable policy holder ceases payment with a policy for a greater aum 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 Toutiotb combined with those of an "Ordinary" policy. 2. It gives the policyholder the choice of SIX advantageous methods of settle* ment. It is Non-Forfeiting — Having after threo years the paid-up surrender value uiven the holders of " Ordinary" policies. Hence it may be taken without risk for the longest possilblc 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. i 5. It is Incontestable after thtee years. 6. It is then payable at once. The Society makes settlement at its Branch Office in Auckland, Melbourne, Perch, and Sydney iinnie diately upou the receipt of satisfactory " Proofs," and the necessary lu^al release of the claim. 7. It is issued by the company which makes payments with most promptness. Of 1,048 doath claims paid in 1885, 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 0 Ordinary " policies. 9. It has the chief advantages of an Endowment. And hoB 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 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 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 compauy accumulating the largebt profits — Which means that no other company can be expected to furnish asourance at su reasonable au ultimate cost. 13. It ia issued by the moat popular com pany— And as its business is transacted on thn purely mv tual plan, its success directly intorests and benefits every new assurant. The K()uitiil>!e writes annually a business many millions larger than that ot auy other company. Full information concerning the Surrendei Values of the Life and Endowment Policies of the Australasian Associations and estimates of Equitable Semi-Tontine Policies for all ayes and psiiod of duration, may bo obtained from the authorised Agents of the Kquitable L ; fe Assurance Socwety of the United States, BERRY, DA.NIEL, & CO. Commjskcial, Finance, and Insurances Brokers, GisiioUiNit.