MODERN LIFE INSURANCE METHODS.

Gisborne Times, Volume XXV, Issue 2224, 30 October 1907, Page 2

MODERN LIFE INSURANCE METHODS.

It was ei fortunate occurrence for a Mak.iuri farmer that a few weeks ago he received a visit from Mr. D. O'Sullivan, the much-travelled representative of the Government- Life. The farmer in question, while discussing some insurances on members of Ims family, referred regretfully to oho fact .that he had had a piolicy in the Government some years ago, but tlra-t --during the depression of the early nineties he had been compielled to, abandon it. “If I had kept it going,” he added, “it would have iieen useful, for I would soon he drawing the money.” Mr. O’Sullivan made it Iris business to communicate with the head office about the piolicy, and this week waited again on the farmer, with the welcome intelligence ..that tho insurance was still in force. The policy was effected in 1877, and the premiums piaid for 16 years; since then, a period of fourteen years, nothing had been l paid. During all these years the piolicy has been in force, and the member has now several options open to him. In the first place-, he can pay up all arrears, and go on paying the ordinary premium for another five years, when the policy will mature; or he can take a loan of the debt, and pay interest and future premiums. In either case a very substantial jjrofit results. He also Iras the privilege of surrendering his piolicy and taking its present _ cash value. Strangest of all, on -this long-forgo-t----fen contract, he may still go on for some years to come remaining insured, though he pays no further premium. Mr. O’Sullivan also dropped across another case on tho Onnond-road. where the member was ,go satisfied that the contract had lapsed that he gave his policy to his children as a plaything; this they promptly destroyed ; but the energetic agent has induced the member to reinstate, and lias sent away for another piolicy.