The times. [volume] (Richmond, Va.) 1890-1903, 1891-01-21
RESULTS OF LIFE POLICY

with 2O-Year Tontine Period I'm the
Equitable Life Assurance Society of the
United states, 100 Broadway. New
York.
100 wEsT 12lsT STREET, NEW YORK,
January 10, 1915
W. Alexander, secretary,
Dear Sir,-Your check for s2,664.lO, the
cash value OF my policy, No. GG.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 5000, was ia
ken out in 1871. | have paid an annual
premium of Sl07.4O making a total OF
$2,l4S; thus, in addition to the insurance
since 1871, YOU have returned me $3.50
more than paid.
have no possible objection to your pub
fishing the results Of my policy IL you de-
sire to do so, and shall always take pleas
ure in saying a word i'm favor OF the Equi-
table and Of the Tontine plan. if you should
wish 10 refer any one to me for my opinion.
Of the various settlements offered me.
have selected the cash value simply be-
cause ] can use the money to advantage at
the present time. But for this, some OF the
other methods Of settlement seem TO me
quite as desirable. see. for example, that
the paid up policy YOU offer me (S5,yS0V) IS
nearly three times as much as | have paid
in premiums.
As / understand that my policy is one q
the earliest 20-year TOntine Policies Issued
by the Equitable, you may be interested to
know how happened 10 take 1t.
In 1871, wishing to insure my lie, and
coming to the conclusion that there was no
better company than the Equitable, with
out the solicitation on the part of any one,
called at your office. After considering
your different kinds Of insurance. chose a
policy on the Tontine plan, which under
stood to be your newest and most desirable
form of Insurance. was attracted by II,
because it promised liberal return in case
lived. and the payment of the insurance in
case of my death. Now, my only regret Is
that / did not, in 1871 take out at least
double the amount. Yours truly,
+. X. LINEN.
DETAILED STATEMENT OF THE RESULTS OF
THE POLICY DESCRIBED IN The FOREGO-
ING LETTER, ISSUED IN 1871. COMPLETING
ITS TONTINE PERIOD IN 1871.
No. 66,5lj. Amount, 5000.
Age at issue, twenty-eight.
Kind o. policy, Ordinary Life, TOntine Pc
rod, twenty years.
Annua premium, SlO7.40. Total premiums
paid, 81, l4S.
OPTIONS AT THE END OF THE TONTINE Pc
Rod:
1. cash Valpe. .................. s2,Ge4
A return of SI2l,02 for every 81 100
>. FGi%- 4 T@ine''............... 5,o5s
An amount switch would give to
the beneficiary tmaturity S27s.63
for every 500 paid in premiums.
3. Cdsh SHrDiitS. ........-.......... 1,jis
Under this option the surplus
(Sl.jiS) would be drawn in cash
and he policy for 5000 contin-
ueG by the payment OF annual
premiums as heretofore (Sl07.4W
less annual dividends.
4. Surplus IN Pdid-LD 4 assurance.
Under this option the sur
plus, inste ID of being
dra IN in cash, would De
used to purchase paid-up
"A surance for ..........-. e. $3.50
which, when added to the
original policy ....f....... 5000
would make a total assur-
ance Of ..... ....-..... - $3.50
The premium would be, as before.
SOTO. less annual dividends
an increased amount Of assur-
ance at lower future rate than
that paid heretofore on 5000 OF
assurance.
). Continue the Original POiicB
as explained above; pay the next
premium out Of the cash surplus
and convert the balance Of the
surplus into an annuity Of $l01 a.,
payable for life. AS this annuity,
together with future annual dNi-
deeds. would be considerably
more than the annual premium,
the policy would, if thus con-
tinued De paid-up for 5000, aud
the Aolder would receive in addi-
tian a small annual income Tor
life.
6. 4 Life Annuity Of ........... 2Oi
Under this option the policy and
Surplus would be surrendered to
the Society in exchange for an
annuity for life for the amount
here stated.