The sun. [volume] (New York [N.Y.]) 1833-1916, 1891-11-01

/ apology HOLDERS QUESTION.
Hoady, Lsu'srbach Johnson.
Atorneys.atLsw.
Equitable
sslldlna. i2o Broadway
u.. New York City.
Edward Lautsrbaoh Edgar n. johnson
william n Cohen, Louis Adler.
OCT. II. 1891.
new YORK LIFE INSURANCE COMPANY,
346 BROADWAY,
CITY.
Will ron kindly fnfbrn ne 10 what benents
I Am entitled In dollars ana eents snaer the
stipulation OF Tontins policy No. 1Ss,nzs
issued upon my life. The Tontine period or
which expires On the 11th December ssxt,
90 that may be enabled to exercise the OF.
lions ooAfsrreA upen ne By the stipuiations
thereofs
Xesrs very truly.
EDGAR -. JOHNSON.
z 4 Life Insurance Company's Answer.
NEW YORK LIFE INSURANCE COMPANY,
GAS AND 34S BROADWAY.
william H. Beers,
President
NEW YORK. Oct. H. 1891.
Edgar N. Johnson, ESQ,
i20 Broadway New York City,
Reminder 2a22s, Johnson.
Your favor Of the 10th inst, asHsue 70
what benefits you Arc entitled under the
above policy at tho expiration OF the Ton.
tine period ON the 11th OF December next,
was duly received and contents noted. In re.
ply we would say that policy No. 101 $50,
issued BY tho New York ILifs Insuraace
Company on your life ON the I 18th December.
1870, for $1,000. wns On the Ordinary IAfs
table, 16-year Tontine. with annual premium
sl6S.se. It has consequently cost you dur.
ing the Tontine period 02,847.6 and ono OF
the optional benefits ut maturity II to sur.
render the policy to the Company for
90 In cash. leaving the net cash cost
OF nfteen years. inburAnce for SS,oOO only
o5e.e6, or less than 20 cents per q 600 IN.
nuslly.
II tho Insurance and investment elements IN.
VOWED lr the policy are separated, tho account
will stand thus:
Annual Premium paid, $l5s so
Annual cost $4,000; term insurance, o. s.
Balance Of annual premium invested. $5s ss
Cash value Of policy, $3.50 IS
To produce the valuo would require SSs. es
70 be Invested annually for nveen years at
over IL per cent. compound interest.
The Surplus sccumulated On this policy
during tho Aiteen years Il has been In force
10 q y08o. which 10 equal to over a. per cent
OF Al premiums paid. Thts surplus mag now
DO Withdrawn In cash, and the policy con.
tlnued for the original amount, with original
annual premiums or, this surplus may bo sp-
Piled toward the payment OF rntare preni.
uns ~ followsi The annual prenium duo
11th December may 30 paid out Of the sur.
plus In full. and tho balance OF the sur.
pins converted Into . permanent annual
OF o5s.so OF the subsequent
Preniuns payable upon the policy. or The to-
tai value OF both policy sna surplus, namely,
oe,S0O6S, may be converted tnto IN IN.
nuity or into pald-uP Insurance. Tho m.
.uity would BIO SSOA - annually for the 70
nainder or your life, and the paia-up policy,
1850. payable At your death, the ono be.
lag greater than tho annual Presaiums BALD
during the last nftoen year,, and the other
nearly equal to the NAee or the policy.
II II also to DO said that In case or youi.
death before 11th December. 1891. the co.s-
pany will Pay yosr estate the amount or The
original policy.
We enclose for your further Information \
slip giving statement or the beneAts sep.-
rately.
ConGratulatinE you on the satisHaetory re.
suit OF your insursace ~ herein shown, aaA
awaiting your selection Of benents, we re-
main,
Yours truly,
WIN. II. BEERS. President.
Per Chss. O. whitaey.
3 A Policy Holders Satisfaction
aoadIy. Lauterbach & Johnson,
Attorneys. at.Law.
Equitable
Building. l20 Broadway,
New York City.
George Hoadly.
Inward Lauterbach. Edgar N. johnson,
William n. Cohen. Louis Adler.
OCTOBER Il. 1851.
WILLIAM 4. BEERS. Esq.,.
PRESIDENT NEW YORK LIFE ms. CO.,
BAG & 34s BROADWAY. CITY.
II DEAR SIR,
1 an In receipt or your nAvor OF Oct. IL In
eference to my Tontine policy No. 1Ss,eeS.
must say that the results sro more than
anticipated, and only show that tho bus |
ness OF your company has been In tho past,
nd know IL will be IN tho futuro. rnaoanAa |