120 Broadway, New York. ——- +0e NW 2 Ag. OV lige NN OO ts OC H. th be ASSHTS, about $12,000,000. INCOME, bad - 6,000,000. Policy No. eS A Premium of $ gh hee ome: oz ee 4 ie day of By the Dividend of 187 Othe aboveé olicy will be entitled, on the above date, provided the premium then due is paid punctually, to an addition to the sum assured, of $ ey ne GY. 3 - i ; eae : ee a dh mS Sz Sf y3; or, in lieu thereof, toa reduction of $.... etl payable wyWh the Palicy at maturj Zz Z i ’ f Premium for the year commencing on said date. upon.....© Those who elect to have this dividend applied to a term addition for a single year to the amount assured, or to the permanent reduction of the premiums during: the continuance of the Policy (the amount of the reduction in this case being, of course, less than when the dividend is applied upon the premiums for one year only), or to the limitation of the number of premiums required upon the Policy, should notify the Society in writing of their election; but no term addition will be granted without a satisfactory medical examination by an ap- proved physician, at the expense of the applicant; and extra rates for extra privileges will be demanded on the addition, the same as upon the original amount of the Policy. Dividends applied to the permanent increase of the Policy may be converted hereafter into cash, in payment of premiums, and thus used to continue the Policy in force in seasons of misfortune, when other resources fail. This mode of applying dividends is advantageous 4 SOs to the assured in at pecuniary point of view, because by it they reap all the benefits accruing from the surprising results of compound interest, and create a reservoir of Surplus, or Savings Fund, available in eases of emergency, to pay, not a portion only of the premium falling due, but in many cases the whole. The officers of the Society take this opportunity of answering the question so often asked them. by policy-holders, namely: “WHICH IS THE BEST WAY IN WHICH I CAN APPLY MY DIVIDEND?” For the above reasons, and ‘many others which could be mentioned, we say in reply, emphatically, “THE FIRST WAY,” that is, to the permanent increase of the sung insured: or if early relief from the burden of paying premiums is desired, then the * HIH’TH bw AY, " that is, to the limitation of the fRumber of premiums required upon the Policy. ’ } The election of the <“HOURTH WAY.” of application of dividends, that is, to the reduc- tion of premium for one year; may be to the assurant convenient for the time, but destroys a sure support in fatur e difficulties, and takes away from the assured the great advantages accruing from the continual compounding of their accumulated profits. The dividends, though declared on February 1st in each year, will be due on each Policy at the ensuing commencement of the Policy year, that is, on the anniversary of the date of issue of the Policy, or if there has been an irregular payment, on the anniversary of the first current regular payment. When the premiums are paid semi-annually or quarterly, the reduction of premiums will be made equally on the half and quarter premiums for the Policy year, commencing as above; but there will, of course, be no reduction by this dividend on half and quarter premiums that may come due between the date of declaration of the dividend and the next commencement of the Policy year. Inasmuch, as in the calculation of the dividends upon nearly fifty thousand policies, it is hardly possible to avoid errors, the Society reserve the right to correct mistakes when dis- covered. ‘ - GEREORGE W. PHILLIPS, Actuary. —-0 96> ee ae ea me age — pons pecenincin, pees pact ttt acer iiinaaitie iti annit REP e itecare ti “MODES OF APPLIC ATION OF HACFTEL Drv VIDEND. FIRST WAY-—To an addition to the amount assured, payable with the Policy. SHCOND WAY-—To an addition to the amount assured, payable only in case of death, within one or more years as desired. THIRD WAY-—To a reduction in the amount of all subsequent premiums—smaller than in the “Hourth Way.’? but to be paid, notin the succeeding year only, but during the continuance of the Policy. . KOURTE bet ithe a laree reduction in the amount of the premium for one year. FIFTH WAY-To a limitation of the number of premiums required, so that premiums may cease at a comparatively early age. The election of one way in one year does not restrict the right of choice in any subse- quent year.