New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-05-14

THE GREAT BENEFITS OF ToNTINEs PROVED BY
RESULTS
This statement shows that the officers OF the Equitable
Life Assurance Society correct when they expected
that tho Tonno system would induce greater persist
ence among It's policy holders As shown above only
about half rs many persons have discontinued their
Tontinc policies in the seven years. as compared with
those who discontinued the ordinary Ian In Judging
between the two systems OF life assurance We ask To
which are attached greatest benefits Is It not bet
ter that the pOlicy-hOdcrs who may choose 10 dscoh
tinue their policies, while stl able to support ther
families should incur penalty therefor the loss oil
part Of few premiums paid in he other part being ao
sorbed I'm carrying the risk than that nearly double the
number OF widows and orphans who had depended on
the OF their husbands aud fathers Tor their
only support in the of HIS DEATH should be Obliged
10 bear the combined shock OF bereavement ana poverty
through the too easy surrender Of the polclesi
EXAMINATIONS IN THE EQUITABLE AND CON
NECucUT MUTUAL COMPARED.
Asa proof that tho amount OF policies terminated Is
larger I'm tho Connecticut company, and Is not feature
OF the business peculiar to the Equitable the following
figures have been compiled from the NeW-iofK OHchi
Insurance Reports showing the ratio OF examinations 10
policies Issued since 1871 by tho Equitable ana Con-
nectlcut Mutual These examinations Include policies
terminated by DEATH maturity expiry, change surren-
der and apse-in fact the total examinations Win inc
exception OF not taken policies, which are included
neither I'm policies Issued terminated for the reason
that such policies really In FORCE Inc Por
centage OF the Equitable is about one-hat that Oh INC
Connecticut Mutual .
Ratio OF Examinations to
Nap,s Of ComDanu Issues for IA years
,,,,,,1o 07.S0 per cent
Connecticut Mutual. ................- lI''0o "o'
Il will thus be seen that any plan which legltma'oy
serves to reduce tho proportion OF examinations 10
bonencent and humane plan.
REWARD FOR PERSISTENCE
Tho Tonne dividend system OF life assurance more
than any other system which has been devised re"aS
those who continue the payment OF their pem'nis,
These policies in their cash settlements nave proFeu
more profitable to those assured than any Other SYSTEM
now practised No questions the enormous lron''
20 Families OF those who die carly.
Laying aside the renements OF calculation gwen W uS
by the actuaries which not disposed 10 spu'
there another which it seems prepoSerous u
nay dividends to those who have paid In only lew
premiums on their life assurance policies ana theu
realize the entire sum assured for at proht 10 then'
perhaps OF three or four thousand per cent Inc
Tontne plan rewards those win" keep their oohttac's
rather than those who break them ana puts no Pou' Vi
the business where II belongs.
DIMINISHED DEATH RATE AMONG ToNTINE POLICY
HOLDERS MAKES THE PROFITS LARGER
One of the chief reasons why the Tontine policies OF
the Equitable yield large profits to those who complete
their Tontlne periods Is the smaller death-rao oApoIi
epoed among tho holders of these policies than among
those insured the ordinary plan. rms
nv the fact that those who take Tontine policies are
generally persons OF independent means VINO exercise
wise oretought as regards the future, and who are