FINANCIAL SECURITY

Timaru Herald, Volume CXXXIX, Issue 20065, 23 March 1935, Page 6

FINANCIAL SECURITY

COMFORT OF LIFE ASSURANCE WHAT A MAN SHOULD KNOW Most people—especially women—regard Life Assurance as a painful subject. They are hopelessly wrong. It is one of the most cheering of subjects. Life Assurance is Romance and Peace of Mind and Comfort and Security expressed in two words. If ever it occasions any regrets, it is in the minds and hearts of those who neglect to learn of its wonders, and to taste of its comforts. The statement was made recently by a well-known business man that if he had known as much about Life Assurance when he was 30, as he did now that he was 50, he would be able to retire at 55. secure in a comfortable income. This man put into a few words what most men of mature years know to be a fact: that Life Assurance is a “boon and a blessing,” and that if its great benefits and advantages were understood and appreciated by all men and women in their earlier years, the world would be a very different place for them in their older years. It is not long ago that a certain man told an A.M.P. representative that he had a complaint to make against the Society; a complaint that the Society could not adjust, or it was too late to make amends. His complaint was that the Society had not forced him to take out more Insurance when he was a young man. “You knew my I position,” he said. “You knew that I could afford to invest more in Life Assurance than I was investing. You should have forced me to double—to treble—the amount of my policy. I can never forgive you!” This was no jocular comment. It was from the heart. He knew that the Society had no power to make him do more than he wanted to do, but he made this protest in all sincerity. We should have forced him, he said. This is the lesson that the older men in the community would like to teach the younger men. The best time to take out adequate Life Assurance is in one’s earlier years, when the premiums are low and when one is in full possession of health and earning capacity. Life Assurance is the safest, and most remunerative, investment a man can make. The younger he is, the better the investment. Whether a man desires to invest for his own future, or for his family’s security in the event of his untimely death, there is no investment so satisfactory. I Many men neglect to take out Insurance on their lives because they feel no obligation towards their descendants, or because they have no dependants, and they do not realise that this great co-operative plan of investment—this safest and surest of all plans—can be used to make comfortable their own old age. Many men look upon the premiums they pay on their Life Assurance as an expense, whereas they should look upon them as an investment; an investment of surplus income that will bring them peace of mind and security, as well as a splendid return in cash to be dealt with as they wish. This article has been written for those who have yet to learn the many ways in which the A.M.P. can help them. It is written in simple language so that all men and women may know the advantage of becoming members of the Australian Mutual Provident Society, the greatest mutual office in the Empire and “one of the greatest financial institutions in the World.”..