New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-06-07

"a Intended 70 meet the wants who wish pro
lection for their dependents of premature dea ana
the same time wise provision Tor themselves III '
event OF surviving the productive period OF lie.
The plan proposes that instead Of using diViends III re
,,on ~ the annual premium insured may at his dsceo'
pay his premiums full in cash. and surrender his
70 the company consideration OF this snrehder 'he ~
many will agree to pay assured when the
shal have certain or at his previous "
stead of at death only thus enabling him to procure an
ment Policy usual rates charged Tor policies pay o "
death only. -. . liza,
II the policy is already endowment payable at given
or death the surrender Of the dividend Will en-
able the company agree the policy al sun yous
age. ,,,, ,or , Tor
For example, policy holder has an "annua life pocy or
a 600 issued at age 49, annual premium being go INC
ann oss,red being payable at only Assuming that at
the end OF the year the company has DIVIDEND Oh % ~
TO his credit could this dividend In part payment w
second premium, he could pay the premium III u' w
rsner bs dividend consideration OF which SURRENDER W
oud agree 70 pay the assured at age 81 OF pre-
vous instead Of ct death only Tie SURRENDER vi o
ond years dividend wonld probably enapie inc COMPANY 80
the policy at age 70, previous death supselien. NV
applied the manner Is prooaoe 'a' ny
,h time the sixth premium paid the policy would nave
converted into an endowment payable at age 49, Oh
previous death .o anu xsd
Since il impossible for the company TO guarantee any Au
,.,eof dividends It to predict the exact age
hih r;cv ON the dccelerdtire endoeHt plan Will be-
come payable order that the operation OF 'he pah may
be clearly understood tables have been prepared showing ~
rsult that may be expected the assumption ae no 'o
pany experience will be no less iaNorape III 'ne i ~
has been in the past - Al.
II II should prove that the company could not pay inc a'
,, shawn in the third column the accompanying tables
a., ,icv oud not become payable young an age out
ma the assumptions which the dividends are osseo
ara lly justified by companys expe nee not oy sh0o
lsa5 but also past ye years. there Is
chance that the results may prove more 'nan d. ~
anticipated -. a., ANA.
Tho amounts which company agrees TO pay AT he ages
hat
assured, ST. 900. ~ A. sra,
For example With policy issued at age 3d. the hrs'
,,d a, Ak % would not warrant company in agreeing
40 81 600 at age 81 but would be sufficient to admit OF inc
p,vmeut OF O25 20 at 49, provided OF course a' '
policy be In force at that time -
whenever the dividend insufficient TO enable inc company
N mako the policy payable at an earlier DATE IL ~ 'ppn
. IN increase the amount payable at the maturity Vi 'o
polcv. II being remembered that in case OF inc pony
n Inv the death Of insured the amount payable .! INC
company will In every case DC inc sum "0'U' N-'~ -
one post mortem dividend . go,
To r,cr the age of the insured when the policy Is rs
d tho shorter will be the which must eapse ceoEe INC
nolcv will mature; that In every case lhe POM
- xrec, to receive the sum assured at reasonable age
ILLUSTRATIONS
showing the operation OF the ACcELERAHVE hNpo" VIZ p
"a APPLIED to annual LIE policies issued at ages
IN d q, and 10 Ten Premium LIE policy issued a' age
35. ,,,.,. q, Aha ,o,Ios ara
The Dividends in the third column Oh 'nc 'o arc
estimated ON basis favorable than Is fully warranted
49, M Cmpany. past experience (See note below Example
ILL
annual lie policy for 81 900 issued at 80 the yearly
r.nim Of SAC 80 being paid In full and the d'iehds In
~, al NJ being used in Of premium applied 80 as 10
make the policy payable at an earlier date.