The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-10-23
MORNING NEWS: SUNDAY, 1ss2TwELvE PAGES

nuity As he was supposed 20 be about 70
! years old-he did not know his exact age
| he got high rate Of interest, about 10 per
cent, which yielded him 81 500 a year. He
drew one annuity and died. When he had
TO struggle and battle and worry and fight
to live be was one OF the most robust men
/ you would see on Broad way.
| There Is the deferred annuity plan II
you think you are going to live twenty
| years you go to the compauy's Doctor
After he has asked you how you feel looked
st your tongue and tapped you on the back,
he tells the actuAry about you, and you lind
out how much year you must pay to get,
say, $1,000 a year after twenty wears
There Is no insurance iH this plan; that is,
nothing for your heirs when you die, IL that
misfortune meets you before or after the
twenty years have expired, That is IL YOU
play It straight; but you can, II you elect,
play combination. You can pay so much
year FOR twenty years and then get an
annuity and also have a paid up policy of
insurance on your life. IL that does not
suit you you can make a still further CON-
blnatiOn II the rate does not scare YOU off,
and in twenty years get an annuity a paid
up policy, and Surplus" This last comes
in under the tontine plan, under which YOU
get lump sum at the end of an agreed
number of years
The American people like variety, and the
insurance folk try to give il to them. If
even this last combination has not suffi-
GENTLY involved you IN a maze of figures,
the compsny's ectuary will sit down with
you at the end of twenty years and make
decker. de will buy your annuity or your
policy, either or BOTH and take the surplus
at bargain. In fact, 1t would be hard TO
suggest plan involving in any degree a bet
on the length Of time you will live that the
companies will not do business under. II
your idea OF security is a bond, why the
n ~, =
actuary-has little bond scheme all ar
ranged for you. Say you banker after a
slO,OOO per cent. bond. Your name, age
occupation, state of mind and favorite skirt
dancer given, that actuary will tell you Off
hand how much he will assess you a year to
pay you at an agreed time your bond with
interest compounded. II you do not like the
game after few years you can complain Of
GOLD feet and get your payments with per
cent. compounded to date. OF course you
may die before the expiration of the time,
and there is whore the company makes it's
profit.
Some people fancy consols. Il sounds
English and solid, especially to people who
do not know that "cons0lsn is the London
Stock Exchange slang for the government
bonds which were issued when the govern
ment consolidated a number of earlier
issues. "COnsols" is shorter than 'consoli-
dateds." But II You want consols they have
a plan for you which differs from the bond
plan only in particulars which an actuary
| can understand. These annuity plans are
| more popular abroad than at home. A
number Of New York companies are raging
annulties to titled Frenchmen. One is
| 100000 francs.
| A railroad president recently gave his
check to an insurance company for 1856, =
$50, The plan he has selected is called the
NE option endowment consols. The policy
is for 800, 900, and runs for ten years. At
she expiration of that period he will be
paid on his policy $16l 900 10 surplus which
| will have then accumulated on the policy.
II he does not care TO pay up for ten years,
the company will pay him an annuity
of $4,000 and pay his heirs $1,000 at his
death