The Portland daily press., 1872-04-03
aTR MERCHANTS
Life Insurance Co.

.
have prepared, and now offer TO
the public, a new method Of insur-
ance, which limits the amount Of
the payments to a small and GER
tain sum, and provides a hand
some annuity for the relief and
support of old age, combining, mt
a low rate Of premium, the bene-
fits Of the Savings Bank and
the higIl-priced Endowment and
Whole Life policies.
The plan is simple, easily UNDER
stood, and the advantages il offers
appear at once. Fifteen annual
payments are required on this
plan to purchase a paid-up life
policy. Each yearly payment is
less than the preceding one, the de-
crease being mt the rate of fOurper
cent. compound interest. As am
example: at the age Of rs the
first payment on a policy for
$40, 900 would be sara; the second,
S35S 10; the third, S343 20; the
fourth, $32s 80; the nth, S3I3 40,
the sixth, $20S 40; each subsequent
payment decreasing in the same
ratio until the fifteenth year, when
the last payment would be but
$l64 10, a sunni much below the or
binary whOle-life rates. The total
of the payments made amount to
$4,O9S 30, and at the end Of the ff.
teenth year the insured would re-
ceive a paid-np policy for SO, 900.
On the ordinary plan, to secure a
paid-up policy for $4,000 by If
teen annual payments, a person
Is years of age would pay to the
Company I'm the aggregate "a, Ssh
a saving at once i'm favor Of the
new method Of $500 10. ,4.-
The new plan has, however, 9TH
er and greater advantages. At the
close of the sixteenth policy year,
and every year thereafter during
life, the Company will pay to the
pOiicy-hOlder such an annuity ms
the entire surplus accumulated at
compound interest will warrant.
Conservative estimates i'm regard
to future rates of interest, mOrtaIi-
ty, lapses, and expenses, show that
this annuity will average about
five per cent. on the aggregate
amount Of the fifteen premiums
paid by the insured to the Conn
pany. ses aasssFcz3
Thus in the case above mention
ed, estimating the annuity at five
PEI, cent. only, q person Is years Of
age, having in fifteen years paid TO
the Company the sum of -, O23 90,
would receive at the end Of the six
teenth year, and at the end Of every
year thereafter during life, "a sum
i'm cash amounting to S2OI As. The
pOlicy-hOlder's right to this annu-
ity the Company will purchase at
amy time after the full fIfteen pay
ments have been made. eF
Should the insured through mis-
fortune be compelled to stop pay
ment before the fifteenth year, a
paid-up policy will be given, after
three annual payments have been
made, for as many fifteentIls Of the
sum insured as yearly payments
have been made, am arrangement
perfectly equitable and just. On
such paid-ap policies, however,
the annuity payment commences
at :he end Of the sixteenth year
after the first payment made to the
Company, and will be based upon
the amount paid for such policies.
The above is believed to be the most favorable
plan to the Insured ever ntroducedfor in the event
OF death within the fteenyear period the percent
age of profit must be entirely satisfactory while In
case of long life the annuity viii soon repay every
dollar Of premiums paid by the insured to the Com
pany, and prove in every way equal to an invest
ment in Savings Bank, for the protection and sup
port of old age, while the amount of the policy paid
at death may relieve destitute family or add 10
comforts already possessed.
The Company is also prepared TO issue policies
upon -F-rU |
THE TONTINE SAVINGS
and all approved plans Of Insurance
AGENTS WANTED, to honestly represent the
Company in all parts of the State
AUG. HI. FORD,
cu~ru, .crNT pOn MAINE