The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1872-04-08
MERCHANTS
Life Insurance Co.

have prepared, and now offer to
the public, a new method of insuT-
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
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 four Der
cent. compound interest. As an
example: at the age of 2j the
first payment OH a policy for
$500 would be $373; the second,
$35S 10; the third, $343 20; the
fourth, $32s 30; the fifth, 1913 40,
the sixth, S29s 40; each subsequent
payment decreasing in the same
ratio until the fifteenth year, when
the last payment would be but
$I64 10, a sum much below the Or
binary WhOle-life rates. The total
of the payments made amount to
$4,O2s 80, and at the end of the fit.
tecnth year the insured would re-
ceive a paid-np policy for $4,000.
On the ordinary plan, to secure a
Paid-up policy for $4,000 by fl.
teen annual payments, a person
25 years of age would pay to the
Company i'm the aggregate $4,s5I-
a saving at once i'm favor of the
new method of $500 10.
The new plan has, however, 9th
er and greater advantages. At the
close of the sixteenth policy wear.
and every year thereafter during
life, the Company will pay to the
POllcy-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, lapses, and expenses, show that
this annuity will average about
hVe per cent. Oh the aggregate
amount of the fifteen premiums
paid by the insured to the Com.
pany.
Thus i'm the case above mention
ed, estimating the annuity at five
per cent. only, a person 25 years OF
age, having i'm fifteen years paid to
the Company the sum Of 81, 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 $2Ol As. The
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
ihent before the fifteenth year, a
paAa-up policy will be given, after
uhree annual payments have been
iiiade, Tor as many fifteentI,s Of the
sum insured as yearly payments
i'aNe oeeh made, an arrangement
pefIec"y equitable and lust. On
such paid-up policies. however
the annuity payment commences
at :he end of the sixteenth ve,r
after the first payment made tc Tho
and will be based uno,,
the amount paid for such policies.
The above is believed to be the most favorable
plan to the insured introduction in the event
Of death within the fteenyear period the percent
age OF profit must be entirely satisfactory, Will in
ease OF long life, the annuity will repay every
aoiar OF premiums paid by the insured to the Com
paiiy' anu prove in every way equal to an invest
neht In Savings Bank, for the protection and sup
port OF OLD age, while the amount of the policy paid
IL death may relieve destitute family or add to |
comforts already possessed
upon " ~ P0'
THE TONTINE SAVINGS
iiio all approved plans of Insurance
AGENTS WANTED, to honestly renresen+ .,o
nj aaanxr f,.o nc