Page 4 Advertisements Column 3

Thames Star, Volume VII, Issue 1954, 9 April 1875, Page 4

■ m ]U E W ZBALA N D GOVEBNMENT tIPE INSURANCE. ■ ■ - ; ■"■• •! I—The Government Life Insurance Department issues all desirable fo ms of Policies. The Payment, of every Policy is guaranteed by the Colony. Parti* cipation in Profits is authorised by the Legislature to be given to Policy-holder*. 2- Premium rates are lower than thi>se of Private Companies. "^ 3—No Policy or Medical Fees charged. 4—All Policies are non-forfeit-able after one full annual payment to the full extent of their ralue, under a special regulation providing for the continuance in force of every Policy for the original amount, until the surrender-value of the Policy is ex* hausted in payment of premium!. - 5 —Absolute Security from Loss. —Insurers, after having paid three full annual premiums, are guaranteed a cash surrender value of not less than 40 per cent, of the paid-up premiums j md if for any reason the premiums are not paid when due, a paidup Policy will be issued, generally equal in amount to the premiums paid, and often much in excess. 6—Thirty days of grace are allowed on all Renewal Premiums. 7—Liberal conditions •• to towelling and residence. 8-Policies protected from Bankruptcy. —An Insurance Policy effected by the Insured, lonajtde on his own life, is protected from bankruptcy or insolvency laws to a certain amount, which increases with its duration.* Thus, after it has endured for two years, it is protected to the extent of £200; .after five years, to £500; after seven years, to £1000; after ten years, to £2000. This protection applies npnly in favour of the personal representative of the Insured. 9 —Married women nay effect Policies, dispose of the money by will, as if single; and their- Policies are protected from the debts of their husbands, according to duraI tion, to amounts similar to those stated above. 1 10—Settlement Policies.—Policies effected for the benefit of the wife and children of the Insured are absolutely pro* tected from the claims of creditors to the extent of £2000, provided that the premiums are payable during life, or any period not lets than seven years. If apportionment is not made at the time, it can be subsequently made by will. - .■ ■ 11—Probate, &c, dispensed with —When a claim under a Policy does not exceed £200, the Commissioner may dispense with the production of Probate or Letters of Administration, thus saving great expense to the representatives of the Insured. 12—Prompt payment of Claims' ; and no discount charged. W. GxsßOßire, Commissioner. ■ AGENT FOE THE THAMES iJAMES HOPCRAFT, ETSNIN9 STAR OFFICE, Gbahamstown.