Page 1 Advertisements Column 5

Poverty Bay Herald, Volume XIV, Issue 4774, 27 January 1887, Page 1

EQUITABLE LIFE Assurance Society, OF THE UNITED STATES. ASSETS Aug. 1, 1886 £14,500,000 SURPLUS ovkkJEß,7so,ooo NEW BUSINESS of 1885... £20,000,000 Head Office: 120 BROADWAY, NEW YOFK. Lomlmi Office : si cheapsidh:, c.c. Bankers : THE BANK OF ENGLAND, Messrs SMITH, P\YNE <fc .SMITH. Trustees for Great Britain awl Irrland: The Right Hon. The Earl of Denbigh. The Right Hon. The Eakl of Kintore. Sir Jo3epu C. Lee Who hold securities for £100,000 in the Btnk of England as special security for Policy holders in Great Britain und Ireland. NEW ZEALAND BRANCH, Qcekn Tt., Auckland. Local DirectO' n ; (With power to i»sue Policies and pay claims) Hon. Sir FREDERIOK WHITAKKR KM. a, lIL.O ■(■'l.aJrnwn). ' Hon. JAMES VVILLAJMSCW, M L O Dr. J. LOGAN CAMPBELL C. GODFREY KNIGHT. F.I. A., Actuary and Insjv-ctor for Auslmlis^. C. If. HAINKiS, Esq., M D., Chief Mudical Examiner. THB BANK OF NEW ZEALAND. Bankers. GEORGE TEIORNE, Jon., v General Agent. GEORGE ROSS, Acting Makagbr. The following are examples of the actual results of Tontine policies issued fifteen years ago by the Equitahle Life Assurance Society of the United States, aod ending their Tontine period during this year. No other Company is able to show ut the end of fifteen years such results on life policies paid to the Policj holdei during- his lifetime. The careful attention of every person desiring life assurance for investment ; for provision against the npceßsitiVn ■ f oi.l or for the protection of wifr hu-i olnldreu, is directed to theee exumpJes : — EXAMPLES X.-UFE POLICIES No. 62 975. Issued July 20. 1871, <m the life of J. R • amount,- £2,000 ; ag-, 4.1 ; annual pr.miu.n,' £70 Is Bil ; premiums pniil in 15 y.-ara £1.051 ss. N '' Result July 20, ISS6 —The Polioyl.oWer has now, upon the completion of the Tontine period of fifteen years, the choioe of six methods of settlement ; the three most im» portaut are the following :— 1. Cash Valve £i t i 4B 13 7 Percentage to premiums paid, 109. 2. Paid up Value 1 £2,034 0 0 Percentage to premiums paid, 193. 3. Cash Bonus £58g g 2 Percentage to premiums paid, 56. N.B.— Under this settlement the Policyholder withdraws the bonus in cash, and rt. tains the ordinal policy for £2000, continuing the payment of annual premiums, le*9 annual dividends. EXAMPLE XVIII. LIFE POLICY. PAID UP IN 15 ANNUAL PAYMENTS Amount. £2,000 ; a«e, 55 j annual prem»um £145 ; premiums paid in 15 years, *f t 1 76. Result of maturity.— The policyholder has now, upon the completion of the Tontine period of fifteen years, the choice of five method* of settlement ; the three most important are the following :— 1. Cash Value £o,S4S 17a 2d Percentage to Premiums part, 131. 2. Paid-up Value £3,962 0s Od _ Percentage to Premiums paid, 182. 37"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 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 would havo 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 choioe of SIX advantageous methods of settle* ment. It is Non-Forfeiting— Having after three years the paid-up surrender value jsiven 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. 5. It is Incontestable after three years. 6. It is then payable at once. The Society makes settlement at its Branch Office in Auckland, Melbourne, Perth, and Sydney iuime diately upon the receipt of satisfactory '• Proofs," nd the necessary legal release of the claim. 7. It is issued by the company which make payments with most promptness. Of 1,043 death claims paid in 1835, marly one-half were paid the very day proofs were receired ; while of the remainder, the majority were paid within t c following three days. S. 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 in addition tho advantages of an " Ordinary Life" Policy, for it nmy be issued at " life " rates which are much cheaper, while it need not be terminated like un 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 com. pany in the world. It is therefore a safe policy, und more to be desired than the policies of other companies. 11. It is issued by the Compauy whose bis* 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 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. trr..ißa;jco<l on the puraly urn tual plan, its miceess directly interests and benutits ttvery now assurant. The Equitable writes annually a businsas many millions larger than thut of auy other compauy. Full information oouceraiog the Surrendei Values of the Life and Endowment Policies of the Australasian Associations and eetimutes of Equitable Semi-Tontine Polioies for ill ages and period of duration, may be ob. taiucd from the authorised Agents' of the Equitable Life Assurance Society of the United States, BERRY, DANIEL, & CO. COMMLKCIAL, FINANCE, AND INSURANCE BHOKSBS, GlSliOttNS,