The Pamphlet Collection of Sir Robert Stout: Volume 78
[explanation]
This table is provided 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. The table therefore provides for £100 and accrued bonuses to be paid in the event of death within a given term of years, and £200 and accrued bonuses to be paid in the event of surviving the term; or, in other words, An endowment assurance of £100 payable with bonuses at death or maturity, and a special bonus of £100 payable in the event of maturity only.
Of 1,000 persons at age 30 able to pass a medical examination, 800 should be alive twenty years hence to draw the increased benefits, and by this table would secure a better return for their premiums than under the ordinary endowment-aassurance table, while those who die receive the ordinary benefit and bonuses only.
This class of assurance is deservedly popular, and assurances for over £1,000,000 have been issued by the Department under the table during the last ten years.
A special feature of the policy is that the premiums are the same for all ages from 15 upwards, provided the age at maturity is not greater than 70, the chance of drawing the money by death being counterbalanced by the decreased chance of receiving the double benefit.
Under this table policies cannot be issued to mature at a greater age than 70.
Double-endowment assurance policies participate in the many liberal conditions and privileges allowed to policy-holders in the Department.
Age at matuarity must not exceed 70.