The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-04-18

ORGANIZED NOVEMBER, 1859.
The following schedule shows premium receipts and
losses during each year since its organzation:-
IES2!s2: 5s;;s' !,
lSl - 500 sSo ~ 90 90 '% SS
1888. zoo vIS 70 10, - ~
1885, 1885, ~ ~ e III sSs g
In addition to the ordinary term system Of insurance
Company policies npon the deposit of certain
sum money which continue force without further
payment long such deposit remains with the Company
Should insured desire terminate the insurance at any
time ninety per cent of the deposit viii be returned
This system peculiarly commends itself to the owners of
dwellings and their contents property and the best
class of store budnss of churches school
houses and other public buildings aud holders Of mortgages
win find in the perpetual policies the best collaeras Sc
suy for loans This plan Is not new or unried one
Ia. been pracced both in this country and Europe for
nearly hundred years and where it is understood is
sought for being the desirable insurance that
be obtained.
Besides furnishing but little than half
Abe usual additional advantage that the policy
never expires frequently the term Insurance.
and the property days afterwards Perpetual
policies only such risks promise pemancncy
Of occupation and are their character
rates with great care, after
full analysis of the experience best companies for
many years. and close calculation of nsuring
property proposed covered by perpetual in
s.rance Should the properly sold the policy be
transferred If desired or holder may receive back his
deposit per cent upon surrender Of the policy to
Abe company Should the company desire to cancel the
policy any time the deposit will be returned without de-
duetion
To institute comparison between and perpetual in
ssrance proper compute the interest the annual
premium paid well permanent deposit for in either
the deprived the of the money paid
deposited and receives the consideration namely
guarantee OF indemnity against loss.
The following illustrations computed at both simple and
compound interest, six per cent will show the cost
compared with Insurance. supposing the contract ter
minated and the deposit reclaimed at the end Of the term
named, to which a careful consideration is invited
FIRST ILLUSTRATION.
COST OF ssuRMc BRICK OR STONE DWELLING HOUSE,
rAcurD 100 FEET, AT SIMPLE INTEREST.
$4,000 at per cent for Eve 500
cent for
Total premium 500 Total interest .............s $50
s An,p ss cost in ten years 500
sper cent interest for ten years. 10
Total deposit and interest $50
- per cent Of deposit returned lS0
Actual cost in ten years. $40
Actual saving in ten by perpetual policy so ST.
SECOND ILLUSTRATION.
YEARS. AT INTEREST.
ls premium 500 per interest for %
4 $$ sss%I%% 5 5$ iSSy: :1 z
Total premium 500 Total interest .......ss $500
Actual years 500
Perpetual deposit as above 500
per cent interest for 20 years. 2io
Total deposit and interest $40
20 per cent of deposit returned 80
Actual cost in 20 500
Actual saving 20 years by perpetual policy $40 sa
THIRD ILLUSTRATION
COST or SANE FOR TEN YEARS At COMPOUND INTEREST.
Frs, Premium sd interest 10 years $40 OF
Second prem ioooompound interest syears..... IS 81
Total premium. 20 Total interest .sii2 80
Actual cost for 10 .S3I2 -
Compound interest for ten years iSs is
Total deposit and interest s35s IS
20 per cent of deposi, returned. iS 10
Actual cost for 10 years. .....si7s IS
Actual saving In ten years, by perpetual policy $4 "A or
q per cent
FOURTH ILLUSTRATION.
Is, premium 800 compound interest," % 500 g
ii premium 100 do 10 years....... lJy o.
81 premium 100 do 10 years 70 Va
eth premium iW 40 oyesrs u %
Total premium 500. Total interest S47s
Actual cost IN ~ years
Compound Interest for 20 years. al 80
Total deposit and interest .:......"..es n 81
Ninety per cent of deposit returned 49, %
Actual cost In 20 years .es6l -
Actual saving twenty years, by perpetual policy sn S.
o. per cent
FIFTH ILLUSTRATION
cost ov Nsunuo sRIcx CHURCH, SCHOOL HOUSE OR couH,
HOUSE, $1,000 SIMPLE INTEREST
$1,000 at per cent $50
R premium Dor cent interest for g
ID premium 80 do years. "a
IN premium ~ 90 yesrs........ ~
PIN premium ~ do years. -
eth premium ~ do D years. -
W premium 2u 90 ycars........ IL
On premium do yeArs........ =
49, p... .t 90 yeArs.s.......