Page image
Page image

11

H.—l

Comparison of values of Annuities and Single and Annual Premiums for Assurance of £1. Data: New Zealand Experience, 1880-92, and Manchester Unity Area 1, 1893-97. Interest, 4 per Cent.

Values of Sickness Benefits of £1 per Week for Life, in Periods. Interest, 4 per Cent.

Comparing the annuity values it is seen that those based upon the New Zealand experience are less than those derived from the M.U. Area 1 experience up to age 47 ; at that age and upwards the opposite is the case, but at no age is the difference great. The single and annual premiums for assurance of £10 show consequential differences of an opposite character to those of the annuities, being higher at the younger ages, and lower at the higher. The sickness values for the " first six months " exhibit the same features as the annuity values in being less than the M.U. values with which they are compared up to age 47, and greater at and after that age. The difference at age 18 is under 9 per cent, and declines gradually to age 47. The values for the " second six months " of sickness are less at all ages than the M.U. values—but as the value for this period of sickness is, relatively to the other periods, of minor importance the fact is not of great significance. The values for the period " after twelve months " present the same features as those for the " first six months " only the differences are not so great either in defect or excess, the limit being under 4 per cent. The values presented supply the materials for the calculation of contributions or premiums for any of the benefits usually provided by societies in this colony, and accordingly the annual contributions are given for ages 18, 22, 27, 32, 37, and 42 for three groups of benefits. Annual Conteibutions Payable theoughout Life to Pkovide the following Benefits :— (1.) 20s. per week during the first six months of sickness, 10s. for the next six months, and ss. during the remainder of sickness; £20 at the death of a member, and £10 at the death of a members' first wife.

Age. Values of Assurances of £10 at Death. Values of Annuities of £1 (complete). Single Premiums. Annual Premiums. New Zealand, M.U., Area 1, New Zealand, M.U., Area 1, New Zealand, M.U., Area 1, 1880-92. 1893-97. 1880-92. 1893-97. 1880-92. 1893-97. ' ! Single Premiums. Values of Assurances of £10 at Death. Annual Premiums. 18 22 27 32 37 42 47 52 57 62 67 72 ■ £ 19-998 19-477 18-741 17-851 16-837 15-685 14-407 13-005 11-459 9-908 8-354 6-797 £ 20-389 19-749 18-919 17-990 16-908 15-704 14-352 12-856 11-274 9-599 7-997 6-426 £ 2-157 2-361 2-G50 2-999 3-397 3-848 4-350 4-899 5-506 6-114 6-724 7-334 £ 2-003 2-254 2-580 2-944 3-369 3-841 4-371 4-958 5-578 6-235 6-864 7-480 £ 0-1078 0-1212 0-1414 0-1680 0-2017 0-2453 0-3019 0-3767 0-4805 0-6171 0-8048 1-0793 £ 0-0982 0-1141 0-1363 0-1637 0-1993 0-2445 0-3046 0-3856 0-4948 0-S496 0-85S3 1-1640

First Si: Months. Second Six Months. After Twelve Months. All Periods. Age. New M.U., Zealand, A.H.J., 1886-97. 1893-97. New M.U., Zealand, A.H.J., 1886-97. 1893-97. New M.U., Zealand, A.H.J., 1886-97. 1893-97. New Zealand, 1886-97. M.U., A.H.J. , 1893-97. 18 22 27 32 37 42 47 52 57 62 67 72 £ 18-42 18-87 19-81 21-15 22-74 24-44 25-88 26-74 27-39 27-74 27-56 24-91 £ 20-00 20-25 21-12 22-23 23-43 24-63 25-66 26-38 26-56 25-77 23-58 19-28 £ 2-71 3-02 3-50 4-06 4-81 5-68 6-62 7-56 8-33 9-20 10-11 10-39 £ 3-31 3-78 4-39 5-12 5-98 6-97 8-09 9-38 10-73 11-85 12-44 11-60 £ 15-45 18-14 22-28 27-40 33-76 41-64 51-08 62-33 75-73 91-71 108-19 118-51 • £ 15-99 18-84 23-03 28-13 34-30 41-79 50-87 62-07 75-41 91-33 109-15 122-97 £ 36-58 40-03 45-58 52-60 61-30 71-76 83-58 96-63 111-45 128-66 145-86 153-81 £ 39-30 42-87 48-54 55-48 63-71 73-38 84-63 97-84 112-71 128-95 145-16 j 153-85 t

Age. New Zealand Friendly Societies. M.U., Area 1, Group A.H.J. Difference. .8 !2 17 12 17 :2 £ £ s. d. 1-472 =19 5 1-605 = 1 12 1 1-825 = 1 16 6 2-127 = 227 2-525 = 2 10 6 3-045 = 3 0 11 £ £ s. d. 1-526 = 1 10 6 1-669 = 1 13 5 1-905 = 1 18 1 2-208 = 242 2-603 = 2 12 1 3-107 = 322 s. d. 1 1 1 4 1 7 1 7 1 7 1 3

Log in or create a Papers Past website account

Use your Papers Past website account to correct newspaper text.

By creating and using this account you agree to our terms of use.

Log in with RealMe®

If you’ve used a RealMe login somewhere else, you can use it here too. If you don’t already have a username and password, just click Log in and you can choose to create one.


Log in again to continue your work

Your session has expired.

Log in again with RealMe®


Alert