HALVE YOUR LIFE ASSURANCE PREMIUM OUTLAY

Waikato Times, Volume 119, Issue 19896, 27 May 1936, Page 7

HALVE YOUR LIFE ASSURANCE PREMIUM OUTLAY

WITH THE LIFE INSURANCE FINANCE GOMPANV LIMITED. 1 I _— l A noteworthy event last year which [caused unusual interest generally and 'no inconsiderable stir in Life insurance circles was the formation of the Life Insurance Finance Company Limited. The Company was formed for the sole purpose of placing before the insuring public a novel and ingenious plan for halving the yearly premium outlay (within age limits) on most policies issued by Life Assurance Societies. This plan is simple. By merely blending the cover with cash values. the Company undertakes to provide approximately double cover for 10 years, the policyholder having the right to take up’the extra insurance at the original premium rate. For instance, if an insurer pays say £45 per year in the usual way for a £IOOO policy plus bonuses. with the Life Insurance Finance Company the outlay would be £22 105 per year for £IOOO with little or no cover from the bonuses for 10 years. At the end of the 10 years the whole policy of £IOOO may ‘be resumed at the original rate of £45 per year. A £SOO policy would be in proportion. The idea, which has been approved and commended in Insurance and Banking 'circles. has long passed the experimental stage and is now a permanent institution in the Insurance world for those desiring a. maximum cover at a minimum outlay. Particularly is it or use to the farmer who wishes to put money back into manures and stock but not overlook more adequate Life Assurance for the benefit a! dependents or provision of probate in the event of premature death. For a mortgagor it excels in cover at a reduced outlay any mortgagor protection policy (particularly those in use by Building Societies) and at least 20 per cent less than the cheapest of n-ovproflt rates, Hitherto it has been the custom for those in occupations of a permanent nature to increase their assurances with increases in salary or responsibillties. Under this plan when taken full advantage of. the extra assurances to be taken later are at the original rate of premium: The Life Insurance iFinence Company holds the extra. in}sursnoe. so to speak, for the policyiholder‘s use if or when needed. 1 The Directorate includes substantial linen, recognised as some of the best business brains in the Dominion, in itself a sufficient recommendation. Those about to street Lire Assur—ance would be well advised to phone 3673, call. or vn-ite to Mr H. G. Som—ervell, opposite the main entrance to the New Zealand Co-operntho Dairy Company Limited in London Street, who will be pleased to explain, without obligation, how to halve the pre. mium outlay for your own particularl Insurance needs. 1