The times. [volume] (Richmond, Va.) 1890-1903, 1892-03-13
The Conditions and Equities of semi-Ton-
fine Policy

The Conditions and Equities of sem-Ton-
tine Policy
In the Northwestern Mutual Life Insurance
Company, OF Milwaukee. illustrated ana ex-
planned
What is Semi-Tontine Life Insurance? Ex-
actly the same as any other s. tar as concern
the amount of premium per thousand and the
insurance. t., protection. II IS not IL 6tnd
Of Insurance, b1t Il certain rag ~ dDplyiuJ 0tr-
idends Insurance upon the ordinary Life
plan or any Limited Life or Endowment plan
may or may not be placed IN the Seml-IOn-
tine class as the applicant desires. The dis
tinctiye feature Of IOntlne is that the sur
plus is not taken By the insured as 1t accrues
from year 20 year. but Is permitted TO remain
and accumulate with the company until the
end of the period ten. fifteen Ortwenty years i.
The practical meaning of the word ''Iontine'
is that the survivors of the period receive the
profits The survivors from business
point of view. are the most deserving be-
cause they are the ones who have kept their
contracts. have paid their premiums promptly.
and all their premiums in short Mey hare
pail the most money and they hare not died..
And so. because the survivors receive the pro-
fits Semi-TOntine insurancels more Just and
equitable than any other plan. There can be
no possible profits to the survivors which Will
make 80 large return Tor premiums paid
as accrue 10 the estates Of those who die early
IN the DeTlOQ. anu IL WIS III lllt very Dul lO@D
of equalizing the benefits in life insurance
that the IOntine idea was employed and in
PRODUCED In all other business enterprises
the men who stay the longest and pay the
most are entitled 10 the most.
and if Justice is done, get the most.
Then, why not Ia life insurance. The
old objection made by many to lie
insurance was while. Of course. it is a
good thing in case of those who died early, il
was not for those compelled TO pay
preYniums for q long term of years. or who
lived out their expectation" Semi ontlne
answers that objection by It's most Just and
equalizing plan. returning FOR the premiums
of those who die during the period the face
of the policy without dividends and 10 those
who have lived and kept their contracts and
had the burden OF premium paying during
the entire period all the profits. Briefly. the
estates of those who die during the twenty
wears receive a larger return than those who
live. Those who lapse receive propOrtlOnate
paid-up insurance, but no dividends. The
nersisteut members-VlZ., those who live
until the end of the period and pay the full
twenty years SAY probably 400 70 500 OF the
lOO0)-receye all the surplus. There are also
valuable options enabling survivors 20 adjust
their insurance 10 suit their circumstances at
the end of the period. THAT as SeBsS-I 0atiae
Insurance.
In this connection the following extract
from report OF ONO senate ooulmllIee on
Tontine Life Insurance wili be OF interest:
There is somewhat of a mystery connect
eli with the keeping of the funds on the part
If some of the eastern companies which in
telligent book keeping might be able to cor
root The funds are consolidated IN such
,oennar as 10 be confusing until settlement
dav when company officials divide as they
deem dee expedient. and the policy holder and
the nublic is expected to be satisfied In
pleasing contrast TO this manner OF doing
business the affairs of the Northwestern Mu-
nresent a clearness and concseness and OPEN
facedness that is at once marked and praise
worthy At any time the books of the COM
pany furnish a full and complete record OF
each individual policy. ana IL IS furnished at
any time upon application"
For further information address. giving date
of birth. JOHN Il. CARY a Son.
General Agents for Virginia and North Caro-
lima 1901 east Main street. Richmond, Va.