Page 31 Advertisement 1

Tu Tangata, Issue 6, 1 June 1982, Page 31

Chances are, if you're a Government Life policyholder, you just received a bonus that amounted to more than you paid us in premiums. If you re one of our participating policyholders congratulations. You just received your biggest bonus ever. In many cases, the amount of extra bonus cover exceeded what you paid us in premiums this year. For instance, on a standard $20,000 Whole of Life policy taken out 10 years ago by a 25 year old, the yearly premium would be $291.00. The 1980 bonus cover would be SBII.BO. That means you got $520.80 more in extra cover than you paid us in premiums. The total bonuses on the policy over 10 years would now total $5413.10. We are the only fully mutual Life Office owned by the people of New Zealand. That means we return all of our profits to our policyholders. This year on Whole of Life policies we're returning at least $33 in extra cover at no cost for every SI,OOO of insurance. In addition, for the first time, we are paying a special additional 15% of the total bonuses on any policy if it matures or becomes a claim during the next twelve months, from 1 July 1981. This is our highest bonus rate ever; the result of careful and skillful management of our investment funds and administration of our Life Office. Naturally, the amount of bonus cover you receive depends on the type of policy, and how long you've had it. But one thing is clear. If you're a Government Life policyholder you came out on top this year. And if you aren't maybe its time you called your nearest Government Life Office. Government Life MACKAY KING GLIS6