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The Pamphlet Collection of Sir Robert Stout: Volume 78
Endowment (or Investment) Assurance
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Endowment (or Investment) Assurance.
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his well-known and popular forms of assurance provides both Immediate Protection for the family in the event of early death, and An Excellent Investment if it fortunately happens that the assurance is not wanted.
Thus—
(1) Family Protection.
If death occur in the first year of assurance, the account stands thus :—
| £ | s. | d. | |
|---|---|---|---|
| Paid in Premiums (age 20) | 44 | 10 | 10 |
| (or) | |||
| Paid in Premiums (age 30) | 45 | 17 | 6 |
| (or) | |||
| Paid in Premiums (age 40) | 48 | 10 | 0 |
| against— | |||
| Sum Assured | 1,000 | 0 | 0 |
| Bonus | 10 | 0 | 0 |
| £1,010 | 0 | 0 |
There thus remains a large balance of over £960 in favour of the transaction, and the longer the policyholder lives and the more premiums are required, the more bonuses are added.
(2.) Investment.
In the event of the assured living to the age specified in the policy, he will secure to himself Immediate Payment in Full During Life-Time.
An example, taken not random, of a 20-yeat Policy which matured this year, shows the following result :—
| £ | s. | d. | |
|---|---|---|---|
| Paid in Premiums | 171 | 0 | 0 |
| Sum Assured and Bonuses | 246 | 1 | 0 |
which is equivalent to Free Insurance for 20 Years, and all Premiums Invested Returned with 3½ Per Cent. Compound Interest, So this may be truly called a good and safe investment, for—
| 1. | —If the Policyholder Die Early, the Return is Enormous. |
| 2. | —If he Survive the Term, the Return is Good. |