THE MUTUAL LIFE ASSOCIATION OF AUSTRALASIA.

Wairarapa Daily Times, Volume XV, Issue 4510, 30 August 1893, Page 3

THE MUTUAL LIFE ASSOCIATION OF AUSTRALASIA.

Tho flourishing and progressive institution established in tho year 1809 has an advertisement in another column which should bo of the deepest interost to all those who are desirous of making provision for their families in tho event of an. untimely death or of making the downhill of lifo ejjiei'jjlf descent by providing for themselves, on easy ;orms, annuities to the ond of their days. The business porformed by tho Mutual Lifo Association of Australasia in Masterton and the Wairarapa generally continues to ho of tho most satisfactory nature, thus showing tha confidence evinced in the institution by settlers in this district. MrG|jH.Asiall is now the local ngentlMtftsterton and is ever ready and willing tofurnish all information, A noticable fontnro in tho conduct ol (he Association's businrss in tbo past has been tho fact that it has never contested a single death claim in court. Immediate settlement tho Association prides itself, is its leading feature. Tho expenses of working tho Association have, been reduced to a minimum without detriment to its interests, hence policy holders derive a direct benefit from this source in addition to others. The operations of iho Association since its inception have been marked hy ut very low mortality, hence the accumulated funds now amount lo a very large sum rendering an incontestable guarantee to each polioy holder. Tho last report notes the fact that in spite of commercial depression and financial disasters there has been steady progress all along the line. Before closing our notice of this Association we would direct careful attention to the following information ro Children's Endowment policies on tho novel systetfallopted by tho institution : Tie table is H.B.

In 1888, Mrs M.—,ofßlnb.im, took out an Endowment of £2OO d»r her son, aged four years. Litilo more than two years Inter, she died, when (ho policy, ia accordance with one of its chief provisions, becamn fully paid-up, That is, tbo 1200 will be paid when tbo son reaches 21, while no further payment of premium is required. At tbo time of her dt-ath tho deceased lady had only paid about three yeais' premiums, or ,£lB 10s id, yet for that sum she purchased £2OO payable itn behalfof her child, as above, The unique provision does away with the objection frequently urged against ordinary Endowments for Children, viz,, in the event of tho fathor's doaili tho widow is burdonod wish the payments.