Page 2 Advertisements Column 1

Southland Times, Issue 9026, 30 September 1885, Page 2

Special Advertisements (From London Truth, October 23, 1884.) Tiff A M~~~ M 0 N. IT 13 HARDLY NECESSARY TO POINT OUT THE ABSURDITY OF CALLING TONTINE CONTRAC CS IMMORAL. Every : company in which dividends are deferred for " the benefit of members who retain their interest ins.it practices the Tontine principle. In the - oldest purely Life Assurance Society in the •world (the Equitable of Great Britain) no policyholder receives a dividend until after he " fla's'paid premiums for six years, and not then -'-■ ' unless the date and number of his policy makes • him one of the oldest five thousand policyholders in force at the time of distribution. •■'This is essentially a Tontine system, having jouch longer dividend periods than that of the - American offices. The dividend system of a . prominent Scotch company is essentially and wholly Tontine. Those who do not wish to take •■£ Tontine policies bare ttie alternative of taking - Benu-Tontine policies in the American Company, .which provide :f or a surrender value on policies of three years' standing. My eowespondent : admits the splendid result of the policy of the ■ "Mutual Society of America quoted by me,: and challenges the fifteen years' estimate of the • : Equitable of toe United States mentioned in " my article. I THEREFORE GIVE HIM THE " FOLLQWINGf EXAMPLES OF ACTUAL "- PAYMENTS IN CASH TO POLICY- ' HOLDERS -IN THE LATTEE COMPANY IN 1884 ON MATUEID TONTINE POLL CIBS j- . Jfo, of Policy ... 47,889- ... d-1,193 Agttatisaue „. ,27 ... 41 Amount insured ..... ' £500 &2000 Annual premium ... £15 Cs 3d £04 18s 4d Kind of Policy 30 year Endow. Life Policy— . Tontine, 15 years Ca^h Valus end of 10 years' Tontine... £291 17s lOd ... £1106 3s Total Premiums paid £229 13s 9d ... £973 15s , Paid-up Policy equi- . . valent to . ... ..," £498 ... £2052 :., OjfCaah ßonus of ... £123 17s ... £583 12s , .THIS RESULT IS INDEED EXCELLENT. /.. IT HAS JfEVER BEEN EQUALLED BY . -ANZ. COMPANY, AND PROVES THAT * . DIVIDENDS AND SURPLUS ARE LARGER ' : UNDER THE TONTINE SYSIEM THAN UNDER ANY OTHER. As to the desirability of investing in an office which gains annually a .^ w ,^axge amount of wellrselected lives, there can be no question. Most of our British offices, I fancy, do.'-ainjUie.-jnew.iosjirances within their reach. But to transact annually a large volume .-- ; -of -.carefully-selected business requires great " expense, activity, and still ; and I am afraid .the average mapagement of our offices does not *"~ : cbme ; 'up to the standard. It is certainly **-*' "peculiar "i or their advocates to attempt to per■Vs * Suade'the jiublic that it is not desirable to invest in offices which offer the advaritageof a f avour- - - -able-death-rate ; BUT ALL THE THBOttETIO OAL" TWADDLE. IN THE WORLD WILL NOT AVAIL AGAINST SPLENDID PRAC- ,-, ,T-IOAL -RESULTS AS .SHOWN BY THE """"■ "AMEBiC AN COMPANIES. Instead of trying to disparage their formidable adversaries), the V .British offices should try, by -.active and pro- "'' greEsive policy^ by the acquisition of welleekctednew business, by rigid medical examination^ by the prompt payment of claims, and by the fullest publicity of accounts and assets, to secure the lasting favour of the public. ' - SPECIAL"oIirTION. ; " ' No other Society in New Zealand has ever comJ> i> pleted a Tontine Period, and any Publifihed Estimates of results other .T; ; than flnr own are , SIMPLY -COPIED . PROM- TBEIS -SOCIETY, AND MAY..MISLEAD PKOPO3ERS. *r -r *-*n?r~? "^ptfOTSDWISENCY ' . ■-; -. - : QB'THH" s EQUITABtB LIFE ASSURANCE SOCIETY . ■ OF THE UNITED /STATES. " $■ '•■ . Address jt _ -' "■ : ; ' ; -OT£PI/E-OBjCMBEKS^ -T* ■ ' £ i .- InvefcargilJ i Mr W>. H- PEARSON. ; v rf . „ I -^ „. ;-.-*'- -^IrP. g. DAlM^r olse26' Supplied ia tracks at. auy-Railwiy. Sidingt" 1 Bend orders by wire or letter to the Company's ofiaoe.Eak street InvarcsHfjgilli