The Portland daily press., 1872-04-10
MERCHANTS
Life Insurance Co.

the public, a new method Of inSuIr.
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, at
allow 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 four per
cent. compound interest. As an
example: at the age of rs the
first payment ON a policy for
$4,000 would be 1919; the second.
1888 10; the third, $343 20; the
fourth, $32S 80; the fifth, $3I3 40,
the sixth, $29S 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.
teenth year the insured would re-
ceive paid-np policy for $40, 900.
On the ordinary plan, to secure a
paid-up policy for $4,000 by IF.
teen annual payments, a person
% years of age would pay to the
Company in the aggregate $4,s5l-
a saving at once i'm favor of the
new method of $500 10.
The new plan has, however. 9th.
Ell and greater advantages. AT the
close of the sixteenth policy year,
and every year thereafter during
lie, the Company will pay to the
pOlicy-hOIder such an annuity as
the entire surplus accumulated at
compound interest will warrant.
conservative estimates i'm regard
10 future rates of interest, mortal
~, iapses, and expenses, show that
this annuity will average abOut
hVe per cent. ON the aggregate
amount Of the fifteen premiums
paid by the insured to the Com
pany.
Thus in 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 4,O23 90.
would receive at the end of the six
teenfh year, and at the end of every
year thereafter during life, a sum
IN cash amounting to $2OI As. The
right to this annu-
lty the Company will purchase at
any time after the full fifteen pay.
menfS have been made.
Should the insured through mis-
fortune be compelled to stop pay
nent before the fifteenth year, a
paid-up policy will be given, after
lhfee annual payments have been
made, for as many fifteenfIls of the
sum insured as yearly payments
nave been made, an arr:angement
pefiectiy equitable and just. On
SUCH paid-up policies, however.
'iie annuity payment commences
AT :he end of the sixteenth ve.r
AFTER the first payment made tn tha
Company, and will be based unon
the amount paid for such DoIic;es
The above is believed to be the most fa,,oro,,o
'lan to the insured Introduction in tho event
# death within the fteen-year period the percent
ge of profit must be entirely satisfactory while in
ase of long life, the annuity will repay every
iolar of premiums paid by the insured to the Com
'any, and prove in every way equal to an invest
nent in Savings Bank, for the protection and sup
'ort OF old age, while the of the policy paid
VI death may relieve a destitute family, or add to
om1orts already possessed
Inc company is also prepared to issue policies
pon
THE TONTINE SAVINGS
no all approved plans of Insurance.
WANTED, to honestly represent the
IL a nortu