Longer Lives.

Hokitika Guardian, 27 March 1923, Page 1

Longer Lives.

JNSFRANCK RILEY!! FT PROBLEM. < l IYI PAN I i'.'F < ASK. The increase in longevity revo*h"l 1,.- modern niorl.duy slatisuc- napj'onipted the question "hitlmr. on We baud, life in.-urance premiums are too high. and. on the oilier, "hothei , tj.,. ( ~|>i ~] an annuity is likely to advanced. T!„. n.iiiiiiia! liP- tables "loeb "Vie red Pillowing the 1911 census milieated a coiv-iderable improvement m the dural ion ul liie. and altnougli the tables based upon ttic B’2l tensus have] not yet been eoiiijih leil. it is toe °l ,in ‘j ion among actuaries that tic;. sbow a further improvement. But at the I itxiiilite of A* '.uaric • j was stated that insurance euiiip.mios j do not base their insurance rates on tbe prospects <u ble as revealed census returns oi the "ho-e pi numtion. They rely on actuarial based upon theii experience "> l > 1 more restricted number of people " take out life insurance j.o.iens. _ \ member of the actuarial stall ot live. Prudential Assurance to. that the improvement m me dui a •> ef life among the general population did not eeiucide "itn the improvemmrt among iu.sined pcuplo. _ "Tn-ured people have all been medieTly exalilined ami are regarded a- -elected lives. he remarked, "and although there u” been an improvement in the lnoitaut.' statistics of these selected lives It l> nothing like so great as among t.ie oenerai run of people. BENEFIT IN BONUSES. _ "There has been no reduction <4 rates 'for some time, but insured ism,.tl the benefit arising from Ok o-recter .longevity of m-ured peop.e ti, rough the bonuses paid u,,der . l ; h 4 profit-sharing system " hu h now apphe to most insurance policies, bn tie ease of policies without profits, tne rates were cut so fine by some oompanies a little time ago that they proved to be unprofitable and had >o >• increased.” . , , Annuity tables are m no way bason on the revelations of the (CiisUs is. •mardiiiK longevitv. it was stated at toe National Debt Office, which deals v.utn the issue of Government annuities. Ju addition to the .question of the prospect of life the cost of annuities vanes with the rates of interest pret ailing*

"It is our experience that annuitants do live longer,” an official remarked "We say that the tables of life do not apply to annuitants because they mav be said to ‘select their own lives. People do not take out annuities un-

less they feel they have a long spell of life before them. Women annuitants greatly exceed the number of me”., and 'vuu.cn of 55 to tit) who take out a.tit.ities prove to be verv long lived. REST TERMS FOR‘LEAN -MEN. Commenting on statistics .compiled In- the .Metropolitan Life Insurance Uu. of New York showing that from the itx.c ol 40 onwards the light-weight :..f-n has the best chance of living long, the Lancet says: "Those statistical findings confirm the common observation that a large majority of our acquaintances who reach a ripe old ap.c are of slight build.” An official of the Prudential Asxura : e Co. stated it was their experience that sparely built men were always the “best lives” from the insurance point of view. They could always get better terms than were available for stout 11)011.