HALV‘E YOUR LIFE >ASSUR" ANCE PREMIUM OUTLAY
._..,_....____ WITH THE LIFE INSURANCE FINANCE COMPANY LIMITED. A noteworthy event of last year which caused unusual interest generally and no lnconsiderabie stir in Life lnsur-l nnce circles was the formation of that Life Insurance Finance Company le-‘ itcd. 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. actual results being taken as a. lgruide. ‘ 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 upithe extra insurance at the original premium rate. For instance 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 bonus additions for 10 years. At the cud or“ the 10 years the whole policy of £IOOO may he resumed at the original rate of £45 per year. A policy for a. greater or lesser amount would be in proportion. The idea, which has been approved and commended in Insurance and Banking ‘clrcles. has long passed the experimental stage and is now a per—manent institution in the Insurance lworld for those desiring a maximum cover at a minimum outlay. ‘ Particularly is it of use to the farmer who wishes to put money back into manures and stock but not over—look more adequate Life Assurance for the benefit of 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 is, at least. 20 per cent less than the cheapest of no—proilt rates. Hitherto it has been the custom for those in occupations of a permanent nature to increase their assurances with increases in salary or responsibilities. , Under this plan when taken mu advantage of, the extra assurances to be taken later are at the original rate of premium. The Life Insurance Finance Company holds the extra insurance, so to speak. for the policy—holder‘s use it‘ or when needed. The Directorate includes substantial men, recognised as some of the best ousiness brains in the Dominion, in itself a sufficient recommendation. . Those about to effect Lite Assur-‘ once would be well advised to phone 3673, call, or write to .\ir H. G. Som—erveli, opposite ihe main entrance to the New Zenland (lo—operative Dairyi Limnpnny Limited in London Street,l who will be pleased to explain. with-i out obligation, how to hane the pre—l mium outlay for your own particular insurance needs. %-~ 1
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ramp. ‘"'"P'ARLIAMENmm! Dsfifiiim“ Ltsmn to those Interesting uroudraszs. Cnuswnn & Sln'a'cmpan Runourln? Inga-’lO yilggfilst realistically. B > a -' LTD» m-yce Street. Phones some. 3191
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Waikato Times, Volume 119, Issue 19899, 30 May 1936, Page 10
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559Page 10 Advertisements Column 2 Waikato Times, Volume 119, Issue 19899, 30 May 1936, Page 10
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