Page 1 Advertisements Column 5

Poverty Bay Herald, Volume XIV, Issue 4771, 24 January 1887, Page 1

equFtable LIFE Assurance Society, OF THE UNITED STATES. ASSETS Aug. 1, 1886 £14,500,000 SURPLUS , 0ver£3,750,000 NEW BUSINESS of 18S 5... £20,000,000 Head Office: 120 BROADWAY, NEW YORK. London Office : 81 CHEAPSIDE, E.C. Bankers : THE BANK OF ENGLAND, Messrs SMITH, PA.YNE & SMITH. Trustees for Great Britain and Ireland : The Right Hon. The Earl of Denbigh. The Right Hon. Tho Earl 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 Ft., Auckland. Local Director*, : ( With powei to issue Policies and pay claims) Hon. Sir FREDERICK WHITAKER K.M.G..ML.O. (Chairman). Hmn. JAMES WILLAIMSON, M.L C Dif. J. LOGAN CAMPBELL C. GO OF II EY KNIGHT, P. I. A., Actuary- and Inspector for Australasia. C W. II A INKS, Esq., M.D., Chi.if Medical Examiner. THE BANK OF NEW ZEALAND. Bankers. GEORGE T BORNE, Jun., General Agent. GEORGE ROSS, Acting Manager. The following are examples of the actual results of Tontine policies issued fifteen .years ago by the Equitable Life Assurance Society of tho United States, and ending tlu-ir Tontinn period during 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: Ills lifetime. The careful attention of every person desiring life assurance for in\ estment : f«.r provision agxinst the necf f.^itins >f r.iil »%?, or for the protection of wife and children, ia directed to thutc examples : — EXAMPLES X.— LIKE POLICIES No. 62 97.5. Issued July 20. ISTl.on the life of J. H ; amount, £2,000 ; age, 4:1 ; .-innual premium, £70 Is 811 ; premiums pii-1 in 15 vt-ar.« £1,051 as. y Result July 20, ISSfi. —Tho PolicyhoMer has now, upou the completion of the Toutino pe-iod of fifteen years, the choico of six methods of settlement ; the threo most important are tho following : — 1. Cash Value £i,HB 13 7 Percentage to premiuniß paid, 109. 2. PaihupVai.uk £2,034 0 0 Percentage to promiu!ii3 paid, 193. 3. Cash Bonup £55(5 5 2 Percentage to premiums paid, 56. N.B.— Under this settlement tho 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 IM 15 ANNUAL PAYMENTS. Amount, £2,000; age, 55; annual premiam^ £145 , premiums paid in 15 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 £2,5451752 d Percentage to Premiums part, 131. 2. Paid-up Value £3,962 0s Od Percentage to Premiums paid, IS2. 37 Cash Bonus £1,410 ISs 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 these results, rememher 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 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 oolicy 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 Tontine 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 throe years the paid-up surrender value viven the holders of " Ordinary" policies. Hence it may be taken without risk for the loncest possilble Tontine period [20 years]. A Bpeeial advantage, because policies with tho longest terms show the largest profits. 4. It is a clear and simple form of policy — Avoiding tho technical requirements with which the policies of other coinpaiiie-i are overburdened. 5. It is Incontestable after threo years. 6. It is then payable at once. The Society makes settlement at its Branch Office in Auckland, Melbourne, Perth, and immo i.lintely upon Me recnipt of satisfactory "'Proofs," and the ncLCiisary lr^-al release of the claim. 7. It is issued by the company which makes payments with most promptness. Of 1,04:; death claims paid in 1885, nfarly one-half were paid the very day proofs were received ; while of the remainder, the majority were paid withiu the following three days. 8. It is the cheapest policy. The premium rates aru the same d Ordinary " policies. 9. It has the chief advantages of an Endowment. And lius in addition the advantages of an "Ordinary Life" Policy, for it may be issued at "life" rates which are much cbeaper, 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 th^n the policies of other companies. 11. It is issued by the Company whoso history shows the most healthy and steady growth — And may consequently be regarded as the most satisfactory company to bo connected with. 12. It is issued by the company accumulating the largest profits — Which means that no other company can l>e expected to furnisii assurance at so reasonable an ulti-ln.-ite cost. 13. It i 3 issued by the mo3t popular com pany— And as its business is transacted on the purely 11m tual plan, its success directly interests and benefits every new assuraut. The Equitable '.wito annually a, business munj millions larger thau that oi auy other coinpau: . Full information concerning the Surrendet Values of tho Life uud Endowment 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 thy Equitable Life Ag&uranoe Society of the United State 6, BERRY, DANIEL, & CO. Cumtmskcial, Finance, and Insukakcu &KOKK&ti, GlaiiOiiKlS,