The Portland daily press., 1872-04-15
.uo, MERCHANTS
Life Insurance Co.

have prepared, and now offer to
the public, a new method of insur-
:amce, 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, at
II low rate of premium, the bene-
fits of the Savings Bank and
the high-priced Endowment and
Whole Life policies.
The plan is simple, easily UNDER
stood, and the advantages it 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 at the rate Of fourpe
cent. compound interest. As an
example,: at the age of Is the
first payment ON a policy for
$4,000 would be $3.50; the second,
$3JS 10; the third, S343 20; the
fourth, $32s 80; the fifth, 1913 40,
the sixth, S99S 40; each subsequent
payment decreasing i'm the same
ratio until the fifteenth year, when
the last payment would be but
$l64 10, a sum much below the Or
binary whOle-life rates. The total
Of the payments made amount to
$4,O2S 30, and at the end Of the iii.
teenfh year the insured would re-
ceive a Paid-np policy for $40, 900.
On the ordinary plan, to secure a
paid-up policy for SIC, 900 by ff-
teen annual payments, a person
Is years Of age wOuld pay to the
Company i'm the aggregate $4,s51-
"a saving at once i'm favor Of the
new method of 1922 10.
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
pOlicy-hOlder such an annuity rs
the entire surplus accumulated at
compound interest will warrant.
Conservative estimates i'm regard
to future rates of interest, mOrtaIi-
ty, 1apses, 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, Com
pany. Aas fR s~ossrFreEN
Thus i'm the case above mentiOn-
ed, estimating the annuity at five
per cent only, a person Is years OF
age, having i'm fifteen years paid to
the Company the sum Of "a, O23 90,
would receive nj the end Of the six
teenth year, and at the end of every
year thereafter during life, a sum
i'm cash amounting to $2Ol IS. The
pOlicy-hOlder's right to this annu-
ity the Company will purchase at
any time after the full fifteen pay
mentS have been made.
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 paymeDts have been
made, for as many 6fteentlls Of the
sum insured as yearly payments
have beo.a made, an arrangement
|
stich paid-up policies, however,
the annuity payment commences
at me end of the sixteenth year
after the hrst payment mad to the
Company, and will be based upon
the amount paid for suck policies,
The above is believed to be the rost favorable
plan to the insured ntroduced-or in the event
of death within the fteen-year peyod the percent
age of profit must be entirely Satisfactory, while in
case Of long life, the annuity WILSON repay every
d,llar of premiums paid by theasured to the Com
paly, and prove in every way equal TO an invest
: men in a Savings Bank for tFprotecion and sup
port old age, while the mt Of the policy paid
" at death may relieve d4e-tute family, or add to
= comforts already possessed
The Company is also pre'af>I to issue policies
w upon
q si THE WNTrE SAYINGS
. and all approved plans