The times. [volume] (Richmond, Va.) 1890-1903, 1891-01-20
RESULTS OF LtFE POLICY
with 2O-year TontIne Period In the
Equitable Life Assurance Society Of the
United states, 40 BrosdwaS' New
York.
100 WEST 12lsT STREET, NEW YORK,

E0
United States, 40 broadway, New
York.
100 WEST 12lsT STREET, NEW YORK.
January 10, ls9l.'
W. Alexander. Secretary,
Dear sir,-Your check for s2,664.1O, the
cash value of my policy, No. 66.5l5, has
been received.
/ am more than satisfied with the return
made me. as it is larger than expected by
several hundred dollars.
NV policy, which was for $1,000, was Ia
ken ont in 1871. have paid an annual
premium OF $l07.40, makirg total oil
s2.i4s; thus. in addition to the insurance
since 1871, you have returned me $0lolt
more than paid.
have no possible objection to your pub
fishing the results Of my policy IL you de-
sire 10 do so, and shall always take pleas
ure in saying a word IN favor OF ne shh3 diIIid
.s.bIo auu VI tuc iOhtinc pau -" 49,,
wish to refer any one to me tor my OPINION
OF the various settlements offered me.
have eclected the cash value simply De
cause can use the money TO advantage al
the present time. But for this, some OF the
other methods of settlement seem TO me
quite as desirable. ] see. for example. thai
the paid up policy YOU offer me (SJ,ySo.OO) II
nearly three times as much as j have PAID
in premiums.
As understand that my policy is one q
the earliest 20-ycar TOntine Policies issutd
by the Equitable. you may be interested 10
know how | happened to take IT.
In 1871. wishing 10 insure my lie, ana
coming to the conclusion that there was no
better company than the Equitable, With.
ont the solicitation on the part Of any one, ]
called at your office. After considering
your different kinds Of insurance, ! chose
policy on the TOntine plan, which under
stood TO be your newest and most deslraDlt
form Of insurance. ! was attracted 10y IT,
because il promised liberal return in case
lived. and the payment Of the insurance III
case of nv death. Now, my only regret j.
that | did not, in 1871, take out at least
double the amount. Yours truly
J.. X. LINEN.
DETAILED STATEMENT OF THE RESULTS Oh
The POLICY DESCRIBED IN THE fOREGO
ING LETTER. ISSUED IN 1871. CONFLICTING
ITS TONTINE PERIOD IN 1871.
No. Go5l5. Amount, 5000.
Age at issue. twenty-eght.
Kind Of policy, Ordinary Life, Iontine pc
rod. twenty years.
Annual premium, $l07.40. Total premiums
pau. e-sl1's
OPTIONS AT THE END OF THE T0NrINE Pc
H %oDi voIre ............. $2,6ei
A return Of sl2I,02 for every $1,000
. BPG uif Taine -'....'.......... j,95:
An amount which would give to
the beneficiary ,tmaturity S2is63
for every 800 paid in premiums.
| 3. cash Surplus ..............-+. I,'f'
Under this option the surplus
Hl.5ls) would be drawn in cash
and he policy for 5000 contin.,
ued by the pay:hent OF annual
premiums as s,retof9re (SlOi.4O
less annual dividends.
4. Surplus in Pdid-Ip 4 SSUrdnce.
Under this option the sur
plus, inste I'd Of being
ara IN in cash, would be
used TO purchase paid-up
surance for .......... S5,4oO
which, when added to the
original policy -.. ....... 0,OO
would make total assur-
ance of .......... - s., 4S(
The premium would be. as before,
SOFA less annual dividends
an increased amount Of assur-
ance at a lower future rate than
thit paid heretofore on 5000 OF
assurance.
5. Continue the original Policy,
as explained above; pay the next
premium out of the cash surplus
and convert the balance OF the
surplus into an annuity of $lOi4j,
payable for life. As this annuity,
together with future annual dIvi-
dends. would be considerably
more than the annual premium,
the policy would, if thus con-
tinued, be paid-up for $1,000, aud
the holder would receive in addl-
ton a small annual income tor
life.
6. 4 LIE AHnUty Of .............. 20
Under this option the policy and
surplus would be surrendered 100
the Society in exchange for an
annuity for life for the amount
here stated.
PERCENTAGES.
Cash value. 12i per cent. of the premium.