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The Pamphlet Collection of Sir Robert Stout: Volume 78

[explanation]

This table is somewhat similar to the Ordinary Endowment (Table VI), the main difference being that, in return for a slightly increased premium, if the parent or guardian (the purchaser) should die before the end of the period no further premiums whatever are payable, but the full sum assured, with profits, is secured to the child (the nominee) at the date originally fixed upon. There can thus be no danger of the endowment lapsing owing to inability to pay premiums after the death of the parent or guardian.

In the event of the death of the child during the period, the premiums paid (less 10 per cent.) will be returned.

Medical examination of the purchaser but not of the nominee is required.

Half-yearly premiums are one-half of the above yearly premiums increased by 2½ per cent. Quarterly premiums are one-quarter of the above yearly premiums increased by 5 per cent.