The Newberry herald. [volume] (Newberry, S.C.) 1865-1884, 1872-01-31
By q NcD Method of Lire AsSu

BY a AclO Meth0d Of L!fc ASSur-
unce, which applies the Tontine
principle to the distribution OF
dividends, and which, by allowing
the assured 70 sell his policy to
! the Company only after stated
periods, results moro favorable
, than any hitherto experienced
may hc enjoyed by persons pos
sesscd Of constitutional longevity,
who keep their policies in force
until the middle or latter part CT
! their lives.
l. II has been urged, as an OBJ.
lection. Life Assurance, that it is
moro profitable in the case of
those dying early than Of those
dying in old age.
2. 1t has been further objected
that the money invested in Life
Assurance could not at any time
! be withdrawn aud the transaction
Terminated, except with serious
loss.
TO remove even the slightest
ground for such objections the
Equitable Life Assurance Society
Introduces, for the first time, the
Tontine Savings Fund Policy, the
principle Of which will be applied
to new policies upon any plan Of
insurance heretofore offered by the
Equitable, without increase in
rates Of premium.
The surplus (commoly called
"proiis") on such policies is as
ceriaincd and declared vt the end
of ten, fifteen, or twenty years, as
may have been elected by the as
sured at the time Of application.
The amount Of every policy ter.
minating by death in the interval
is paid, but without profits, the
toiicr BRING accHmulGtcd tor those
who sNrUivs. Persons disseminating
their payments before the profits
arc divided, receive no surrender
value for their policies. but forfeit
The same, including profits, for the
benefit Of those who continue.
Thirty days grace is given in the
payment Of premiums, but when
this is accepted 4 fine at the rate
of len per cent. per annum will DC
exacted,
The tabular digest of probable
results on page 2 has been en-
dorsed by Sheppard Hon ans, the
distinguished Consulting Actuary,
and is based upon conservative es-
Inmates Of future expenses, deaths
and lapse, and the assumption
that the Society will obtain not
less than six per cent. interest on
It's investments.
1t is calculated that if a per-
son Insured under an ordinary
life policy fur $4,000, at the age
Of 81, (annual premium s29l,7O),
SaouId elect the ten gear class, he
will at the end of that time be
able to terminate his policy, and
receive therefor a sum in cash
greater than all the premiums
paid by him; should he prefer to
continue his policy. he may have
an annuity which, with future
dividends, will almost cancel sub
scquent premiums. In lieu Of
either OF these methods he may
take a paid-up policy for 81 1000,
having been lnsared meanwhile
for $4,000. The same option,
with still more profitable results.
is orcn to those elcc;ing either OF
the o'hcr classes.
IF e person should elect the
Ettecn yrG class, lie may, on the
same assumptions, at the expir:.-
ton OF that time withdraw in cash
fftv per cent. more than he paid
in; or he may have an annuity
which will pay his premiums. and
yield in addition, a constantly
Increasing income; or he may
have paid-up policy for $4,000.
if he should elect tie twcnty
ycGr class, he may. on the same
| assumptions, withdraw in cash
more than double the amount
paid in {: or receive an annuity
that will pay premiums and leave
him an income of more than dou-
ble their amount ; or receive a
paiA-up policy for S222. .0oo.
When the i,o!icy- -hoI'!cr, at the
| end Of the Tontine Pcrioh. shall
elect 10 convert the accommodations
belonging to his policy into an
equivalent paid-up policy, and the
amonnt Of said poid-up policy
shall exceed the original amount
Of the assurance, a certificate Of
good health from one of the So
cirty's medical examiners will be
required.
These illustrations are, of course,
based upon estimates. No absolute
guaranty can be given Of results
depending entirely on future con-
tingenres. Futhcr illustrations
MAY be found in the tabular digest.
This form Of policy, having
been pronounced by i number Of
DISTINGUISHED actuaricS and leading
business men top"sscss advantages
never before offered to the public,
is recommended as an Mr@5'neni !: