The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1879-09-20
SPECIAL NOTICES.
EXPLAIN TTON
OF the TOntine Investment Policy Issued by the New
U.-h r.

OF the TOntine Investment Policy Issued by the New
York Life Insurance Company.
In answer to the requests made for the particulars Of the
ToNTINE INVESTMENT POLICY we will here give a brief
explanation:
The rates are the same as on the ordinary life plan, but
instead of paying as long as a person lives, the payments
cease at the end Of 10, is, or 20 years, as the applicant may
desire when making application, at which period policy hold
ers can select any of the following plans.
Age 40 is selected as being a fair average age, but Of course
the results at different ages and in different classes Of policies
would vary from these ~given-AMoUNT, $4,000; AGE, 40;
PREMIUM, $4,000.
FIRST Class.
Three months before the expiration of the first. or Ten Year
Tontine Period. the Assured, at his option, can select either
one of the following benefits, to wit:
He can withdraw his share Of accumulated earnings, esti.
mated from past experience to be at least SO per cent.
ofdli premiums paid-the original policy being siIi in
force, with annual cash dividends from this date. Or.
g-He can close out his entire interest in the policy, and re-
eeiUe back III he has paid and ! per cent additional
3-He can take a paid up policy (without prohts) for at least
s7,5oo-Itotat amount Of cash payments hGuing been
SECOND GLASS.
Three months before The expiration Of the second, or Fifteen
Year Tontine Period, the assured. at his option, can select
either one Of the following benefits, to wit:
HE can withdraw his share of accumulated earnings, estl-
mated from past experience TO be at least l0I per cent.
force. with annual cash dividends from This date. Or.
-DG q ClObC OUT HIS t1LiIE AtIE5 III n IL n re-
ceive therefor all he has paid in and 81 per cent. in
cash, making in all l64 per cent. Or,
3-He can receive q paid up policy, without profits, for sI5,-
600, or $1,000 more than the original policy, provided,
that should the amount OF the paid up policy exceed the
original amount Of the insurance, as a condition prece
dent to its issue, a satisfactory certificate of good health,
from an examiner of the Company, and subject to its
approval, shall be furnished.
THIRD CLASS.
Three months before the expiration Of the third, or Twenty
Year Touune Period, the assured, at his option, can select
either one of the following benefits, to wit,
He can withdraw his share of accumulated earnings, esti-
mated from past experience 10 be At least so per cent.
more than all pawn ents mdde-the original policy be-
ing still in force. with its annual cash dividends from
this date Or,
2-He can close out his entire interest in the policy, and re-
ceive therefor in cash a sum double the amount Of all
premiums paid Estimated at 207 per cent? Or,
3-He can receive a paid up policy, without profits, for s23,-
ed for, subject to the condition before named, that a sat
isfactory medical certificate Of .ood health be furnished,
in case the amount OF paid up policy exceeds the oi-
ginal amount of insurance.
u The great advantage Of the above plan of insurance is,
that policy holders can have the option of disseminating in the
later years of life, and receive back their money with a good
rate Of interest, besides securing their families in case Of early
death. &. o. Special Agent.
Il. HACKFELD & co General Agents for the Hawaiian
Islands. SEQ 1t
R SOMETHING NEwETo PLANTERS, PLANTA-
ton Agents, Graziers, etc., who are in need of q light
handy machine for setting up and mending fence wire,
street. fsb1