Page 1 Advertisements Column 5

Poverty Bay Herald, Volume XIV, Issue 4773, 26 January 1887, Page 1

eguFtable LIFE Assurance Society, OF THE UNITED STATES. ASSETS Aug. 1, 1886 £14,500,000 SURPLUS 0ver58,750,000 NEW BUSINESS of 1885 ...£20,000,000 Read Office: 120 BROADWAY, NEW YORK. London Office : 81 CHEAPSIDE, E.C. Bankers : THE BANK OF ENGLAND, Messrs SMITH, P4YNE & SMITH. Trustees/or Great. Britain and Ireland: The Right Hon. The Earl of Denbigh. 1 he Right Hon. The Eakl of Kintorb. bir Joskpu 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, Queen St., Auckland. Local Director a: (With power to issue Policies and pay claims) Hon. Sik FREDERICK WHITAKICR, K.M.G., M L.O. (Chairman). Hon. JAMES WILLAIMSON, M.L.C. Dr. J. LOGAN CAMPBELL C. GODFREY KNIGHT, F.LA., Actuary and Inspector for Australasia. C n. HAtNES, Esq., M.D., Chief Medical Examiner. THE BANK OF NEW ZEALAND. Bankers. GEORGE THORNE, Jun., General Agent. GEORGE ROSS, Acting Manager. The following are examples of the actual results of Toutine policies issued fifteen years ago by the Equitable Life Assurance Society of the 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 Policyholdei during his lifetime. The careful attention of every person desiring life assurance for investment ; for provision against the necce-ities <-f old age, or for the protection of wife ami childreu, U directed to these examples : — EXAMPLES X.— LIFE POLICIES, No. 62,975. Issued July 20, 1871, on the life of J. R ; amount, £2,000 ; ugr, 43 ; nnnual prtmiutn, £70 la 8d ; premiums piid in 15 vvars, £1,051 ss. ' Kksdlt July 20, ISSG.— The PolicyhoMer hasnow, upon tho completion of the Tontine period of fifteen years, the choice of six methods of settlement ; the three most im» portant are tho following :— 1. Cash Value £1,149 13 7 Percentage to premiums paid, 109. 2. Paid up Value £2,034 0 0 Percentage to premiums paid, 193, 3. Cash Bonus £686 5 2 Percentage to premiums paid, 58. N.B.— Under this settlement the Policyholder withdraws the bonus in cash, and retains the original policy for £2000, continu« ing the payment of annual premiums, Itea annual dividends. EXAMPLE XVIII. LIFE POLICY. PAID UP IN 15 ANNUAL PAVMENTB. Amount, £2,000 ; ajje, 55 ; annual premium £145 ; premiums paid in 15 years. £2,175. ' ' Result of maturity.— The policyholder has now, upon the completion of the Tontino period of fifteen years, the choice of five methods of settlement; the three most important are the following :— 1. Cash Value £2,848 17s 2d Percentage to Premiums part, 131. 2. Paid-up Valuk £3,962 0s 0d _ Percentage to Premiums paid, 182. 3. Cash Bonus £1,410 188 10d 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 np policy. In considering these results, remomber that in every caße 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 policy 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 Tontink 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 three years the paid-up surrender value piven the holders of "Ordinary "policies. Hence it may be taken without risk for the longest possilble Tontine period [20 years]. A special advantage, because policies with tho longest terms show tho 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. 5. It is Incontestable after thtee years. 6. It is then payable at once. The Society makes-settlement at its Branch O ffice in Auckland, Melbourne, Perth, and Sydney imuie diately upon tho receipt of satisfactory " Proofs," and the necessary legal release of the claim. 7. It is issued by the company which makes payments with most prompt/urns. Of 1,04: i death 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 o Ordinary " policies. 9. It has the chief advantages of an Endowment. And has !n addition the advantages of an "Ordinary Life" Policy, for it may be issued at " life" rates which aro much cheaper, while it need not be terminated like an endowment at a fixed date, but it may be continued for life. 10. It IB 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 his* tory shows the most healthy and Bteady growth — And may tousuquently be regarded as the satisfactory company to be conuected 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 au ultimate cost. 13. It is issued by the most popular com pany— And as ita business is transacted on the purely mv tual plan, ita sucueas directly interests and benents every now aasurant. The Equitable writes annually a business many millions larger tliau that of any other company. Full information concerning the Surreudei Values of the Life aud Endowment Policies of the Australasian Associations and estimates of Equitable Semi-Tontine Policies for all ages aud period of duration, may be ob« tamed from the authorised Agents of the Kquitable Life Assurance Society of tbo United States, BERRY, DANIEL, & CO. CoMMtKCiAL, Finance, ani> Insurajiu* BKOKXRS, GrltißOiiSli _