SMART INSURANCE WORK

Wairarapa Daily Times, Volume XI, Issue 3570, 25 July 1890, Page 2

SMART INSURANCE WORK

The following letter recently ap seared in the columns of a Christ

church paper :-Sh\-In your issue of yesterday you speak in no unmeasured terms 'Of the conduct of insurance canvassers who wilfully distort facts, and by tho uso of a glib tongue induce the unwary to take out policies in order, no doubt, that

thoy may get their commission, I have been a victim to these touts I can call them nothing else,) and am now chewing the bitter cud of ex-

perience. Some four years ago I 1 wished for an endowment policy, payable .in fifteen years. I was waited on by ono of these igents, and persuaded to insure in his office, as the premiums were so much less and the profits wore greater. I was well satisfied with my policy, and thought I had made a good investment for my old ago, After reading a warning leading article in the Times some months ago) I thought il would be no harm to boo the local agint, and ascertain if I had an endowment or not. Imagine my when he told mo mine was a " semi-tontine," payable only at death, but I could soil it for cash at (he ond of fifteen years if I wished, I bitterly regret that I had anything to dp with tbis Yaukeo notion of _ a Tontine. I am not in a position to take proceedings against theOompany, and if I were" I would hesitate to do so, for tho experience of Mr Bertie is a warning to all, Tho Company no doubt would appeal, if they lost, and, having- more money than I havo, would win in the end. The thanks of the community are due to • you for tho way. you have taken the matter up, and the fearless way you have exposed those agents who evidently are at liberty to swindle the public according to law. If an agent would leave out such notifying terms as Tontine, bonus, fixed value, matured estimates, and the host of other ierms«h6M«es to ensnare his victim, it would -be better for him in the end, and, I am sure more satisfactory to ■ ONE DISGUSTED, . , 'OWBtclmrQb,Mayßl. '