β¨ Government Life Insurance details
GOVERNMENT LIFE INSURANCE
ON THE
PARTICIPATING PRINCIPLE.
SUM ASSURED: Β£2,562,948. ANNUAL INCOME: Β£92,356.
HEAD OFFICE:
NEW GOVERNMENT BUILDINGS, WELLINGTON.
DEPUTY COMMISSIONER : J. WOODWARD.
ACTUARY: C. G. KNIGHT.
SPECIAL ADVANTAGES.
Government Security for Payment of all Claims.
All Profits are divided amongst the Policy-holders.
Premium rates are lower than the participating rates of Private Companies.
Policy-holders may travel in any part of the world without extra charge.
Policies are not forfeited as long as Surrender Value is equal to the premiums
in arrear.
Policies that have existed for five years and on which the age of the Assured
has been admitted are absolutely indisputable.
Policies are protected from Bankruptcy Laws.
β¨ LLM interpretation of page content
π’ Government Life Insurance Participating Principle Summary
π’ State Enterprises & InsuranceLife Insurance, Participating Principle, Sum Assured, Annual Income, Wellington, Policy-holders
- J. Woodward, Deputy Commissioner
- C. G. Knight, Actuary
NZ Gazette 1877, No 25