Page 1 Advertisements Column 5

Poverty Bay Herald, Volume XIV, Issue 4772, 25 January 1887, Page 1

EQUITABLE LIFE Assurance Society, OF THE UNITED STATES. ASSETS Aug. 1, 1886 £14,500,000 SURPLUS , ovEß^,7sO,<W§ NEW BUSINESS of 1855....£20,000/JOO Head Office: 120 BROADWAY, NEW YORK. London Office : 81 CaEAPSIDE, E.G. Bankers : THE BANK OF ENGLAND, Messrs SMITH, P»VYNE & SMITH. Trustees for Great Britain and Ireland: The Right Hon. The Earl of Denbigh. The Right Hon. The Eakl of Kintorb. Sir Joseph C. Lee Who hold securities for £100,000 in tho Bank of Knglaud as special security for Policy holders in Great Britain and Irelaad. NEW ZEALAND BRA.NCH, Qr/EEN St., Auckland. Local Director t> : (With powor to issue Policies and pay olaime) Hon. Siu FREDEaiCK WHITAKER, K.M.G., ML. C (Chairman). H.w. JAMES WILLA]MSOtf } M.L.C. Dh. J. LOGAJS CAMPBELL C. GODFREY KNItfHT, F.r. A., Actuary and Inspector for Australasia. C. M. HAINKS, Esq., M.D., Chief Medioat Examiner. THE BANK OF NEW ZEALAND. Bankers. GEORGE THORNE, Jon., General Agent. GEORGE ROSS, Acting Manage*. The following are examples of the actual results of Tontine policies issued fifteen years ago by the EqiiitaMo 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 of fifteen years snch results on life policies paid to the Policyholdci ditringr his lifetime. The careful attention of every person desiring life assurance for investment ; for provision agiinst the necessities »>f old Hge, or for the protection of wife ami childreu.iß directed to these examples : EXAMPLES X.— MFE POLICIES. No. 02, 975. LmiedJulv 20, 1871, on the life of J. R • amount, £2,000 ; age, 4:} ; annual premium,' £70 13 B<l ; premiums paid in 15 year?, £1,051 ss. Result Jdly '2o, 1886.— Tho Policyholder has now, upon the completion of the Tontine period of 6fteen years, the choice of six methods of settlement ; tho three most important are the following :-. 1. Cash Value £i f i 4B 13 7 Percentage to premiums paid, 109. 2. Paid up Value £2,034 0 0 Percentage to premiums paid, 193. 3. Cash Bonus £586 5 2 Peroentage to premiums paid, 66. N.B.— Under this settlement the Policy, holder withdraws the bonus in cash, and re. tains the original policy for £2000, continawg the payment of annual premiumo, less annual dividends. EXAMPLE XVHL~LIFE POLICY. PAID UF IN 15 ANNUAL PAYMENTS. Amount, £2,000 ; age, 55 ; annual premitim £145 ; premiums paid in 15 years, Result ojf maturity.— The polioyholder 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 Valuk .J2-84S vuza w— — «-s~ •w-x-ivumnnejMrc, 131. — "2. Paid-up Valuk £3,962 050 d _ Percentage to Premiums paid, 182. 3!" Cash Bonus £1,410 18s 10d Percentage to premiums paid, 65. N.B. — Under this settlement the policyholder withdraws the bonus in caahj 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 fifteen years of the Society wottld 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 Eqnitable give back 114 per cent of the premiam paid. The Equitable Dolicy holder ceaseß payment with a policy for a greater sum tbwn tho 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 Toktink combined with those of an "Obdinaby" policy. 2. It gives the policyholder the choice of SIX advantageous methods of settle* ment. It is Non-Forfeiting — Having after throo years the paid-up surrender value given the holders of "Ordinary" policies. Hence it may be taken without risk for the longest poßsilble Tontine period [20 years]. A special advantage, because rolkies with the longest terms show the largest profits. 4. It is a clear and Bimple form of policy — 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 Broach Office in Auckland, Melbourne, Perth, and Sydney immediately ■ diately upon the receipt of satisfactory " Proofs," and the necessary legal release of the claim. 7. It is issued by the comptny which makes payments with most promptness. Of 1,04:: death claims paid in 1835, nearly one-half were paid the very day proofs were received ; while of the remainder, the majority were paid within the following three days. S. It is the cheapest policy. The premium rates are the same 0 Ordinary " policies, 9. It has the chief advantages of an Endowment, 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 a fixed date, but it may he continued for life. 10. It is issued by the strongest Company. The Surplus of the Society is larger than that 0 any other company in the world. It is therefore a safe policy, and moro to be desired than the policies of other companies. 11. It is issued by the Company whose his* tory 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 company accumulating the largest profits — Which meanß that no other company can be expected to furnish atseurauce at so reaaonuble au ultimate cost. 13. It to> isined by the most popular com pany — And as its busint&ris transacted on the purely mv tuul plan, its succclss directly interests and benefits every new asaurant. The Equitnble v:ritc3 annually a business rsany millions largii V.H!i -,Ua: 0: any o'.hir company. Full iufoi'tuittioa ooaceraing the Succeatisi Values of the Life and Endowment Policies of the Australasian Associations and esti» mates 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 the United States, BERRY, DA.NIEL, & CO. Commercial, Finance, and Inbubancb Bkokkbs, Gisborne.