Sth year.... £250 £149 £189 10th 300 3674 loth 3} 750 674 734 20th j, Matures. 1,000 Matures, The bonus on such a policy taken out in 1877 is £511, making a return of £1,511 against £1,150 paid in equal annual instalments. But this is not all.. The Society being purely mutual the cost of holding the assured covered for 20 years is equal to an assessment on his policy of £348; making a return in cash and protection of £1,859, or very neatly a return of all premiums' paid with 44 per cent annual compound interest. The alternatives annuity for life of £128, to cash are paid-up assurance £2,870, or The paid-up, cash, and loan' values are embodied in the' poli amounting to reserve on all existing policies on the 4 per cent. standard of £36,145,000 and a surplus of £9,016,000. Guarantees are extimated according to the capacity of the guarantor to fulfil them; the guarantees of the Equitable are left to speak for themselves.
It is only right to add that the bonuses are not' guaranteed': they depend upon the future of business, rates of interest, mortality, etc; and they can be no more reliably predicted than the dividend payable by a bank or company twenty years hence. The Equitable relies upon what it actually pays as the best evidence it can give of possible future results.
It will be apparent that the difficulty of meeting premia under these policies in event of sickness, accident, poverty, or other disabling causes, is reduced to a minimum, as tle examination of the figures given will show; and as it is imible for any person' to foresee his or jer situation five, ten, or twenty years hence,- the policy is made to suit almost any condition-that may arise.
When the modern system of life assurance is considered; the immense benefit of the protection it offers to those for whom we live and labour is regarded, it is surprising that any man should neglect to ensure to his family a continuance of a part at least of the: fruits of his work by assuring the life upon the prolongation of which so much depends, and which is surrounded by so many enemies bent upon its extinction. How much suffering and deprivation could: have been saved men who would not have slept at night if their other property had been uninsured had, they been equally exacting in covering the most important of all, their own lives, can be estimated by recalling cases within our own knowledge. Life assurance is proved to be the most beneficent institution that the minds of provident men have established.
Lam, etc., H. Tazzor.
Shanghai, 18th August.
Text read from the printed page and cleaned; old type leaves the occasional error.