Most Viewed Automatic Re-investment Of Dividends
Canals And Docks
American Railways
Bonuses
British Government Funds
Banks
Foreign Government Stocks
Borrowers
Colonial Government Securities
Dividends
Least Viewed
Insurance Companies
Surrenders
Loans - The Interest On Which Is Guaran-teed By The British Government
The Stock Exchange
Mortgages
Loans To Corporations And Counties Of The United Kingdom
Table Of Interest On Investments Sample
Terminable Annuities
Railways
Government Annuities
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Surrenders
If from any cause it is desired to give up a
policy and discontinue paying any more pre-
miums, the offices will pay to the insured what
is called the surrender value of the policy, at the
same time cancelling it and all its conditions.
This surrender value may be roughly calculated
at about 40 per cent. of the premiums paid, in a
case were bonuses have been added to a policy,
and about 33 per cent. of the premiums paid in
a case where the bonuses have not been so
applied. For example: a person has paid £25
a year in premiums for ten years -- in all £250 --
on a policy for £1,000, to which has been added
£60 in the shape of bonuses. The surrender
value in such a case would be £100. But if the
insured had taken his bonuses in cash, or his
policy did not carry profits, then the surrender
value would be £82 10s. only.
Any insurance office will lend the insured, on
the security of the policy, an amount of money
not exceeding the surrender value, and the rate
of interest is usually moderate.
In this case there would be no necessity to
abandon the policy, which would be kept alive
and increased by added bonuses as before.
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