The Pamphlet Collection of Sir Robert Stout: Volume 78
Double-Endowment Assurance
Double-Endowment Assurance.
his table is designed to meet the requirements of those who, while wishing to provide for the event of death, are willing to pay a higher premium in order to draw increased benefits in the event of surviving.
Taking the case of a man of 30 years of age who wishes to assure for 20 years and then draw of money : It will be seen by the table on the back cover of this pamphlet that a yearly premium of £11 9s. 5d. will secure £250 at death within 20 years or £250 on survival to age 50, together with bonuses. By increasing the yearly premium to £19 5s. 0d. he will receives on reaohing age 50, an additional sum of £250.
The contract is for an endowment assurance of £250 payable, with bonuses, at death or maturity and a special bonus of £250 payable only in the eves of survival. Of 1,000 persons in ordinary health at age 30, 800 will, on the average be alive in 20 years to draw the increased benefits.
Every one with a proper sense of responsibility assures his life nowadays, and while he is about it he may just as well pay the extra £7 15s. 7d. a year (in this case) if be can afford it, as he will be very unlikely to invest it so regularly and profitably by any other method.
Double-endowment assurances participate in the many liberal condition and privileges allowed to policyholders in—
The New Zealand Government Life Insurance———Department———.
[10,000/10/1906—31st.