«, ,<^. w IMAGE EVALUATION TEST TARGET (MT-3) // 7- Ay v.. 1.0 :f I.I 1.25 " IIIIIM lilM i4£ 1^ 1^ u: SAO IIM 2.0 lllitt 1.4 11.6 V] <^ //, cT: ^ y: ^I % ' >>^ Photograpliic Sciences Corporation ^\^ ^ ^\ V ^signifie "A SUIVRE". le symbols V signifie "FIN". Les cartes, planches, tableaux, etc., peuvent dtre fiimte i des taux de reduction diffdrents. Lorsque le document est trop grand pour dtre reproduit en im saul cliche, il est film^ d partir do ['angle sup^rieur gauche, de gauche i) droite, et de haut en bas, en prenant le nombra d'images n^cessaire. Les diagrammes suivants illustront la methods. 1 2 3 1 2 3 4 5 6 't • hr * V. THE IVLTJTXJAT^ LIFE ASSOCIATION OF CANADA. INCORPORATED BY SPECIAL ACT OF THE PARLIAMENT OF THE DOMINION, 1871. » • AV HEAD OFFICE, JAMES STREKT,- HAMILTON. 9 A< -i- Pttt«al §\ft %$mhtm of (Kanada. Incorporated by special Act of the Parliament of theDominltn .18 71. -♦•«■♦- GOVERNMENT DEPOSIT MADE, And License obtained under the General Insurance J H. BOARD OF DIRECTORS ! JAMES TURNER, Esq. of James Turner & Co., President. A. T. WOOD, Esq., of Wood & Le£;gatf;, Vice-Presideitf DONALD McTNNES, Esq., of D, Mclnnes, & Co. A. HARVEY, Esq., of Harvey, Sruart & Co. J. M. WILLIAMS, Esq., M.P.P. JOHN HARVEY, Esq., THE MAYOR OF HAMILTON, Tj. B. CHISHOLM, E6« O, R, MURRAY, Esq.. Manager Canadian Bank of Cjin uer.'it AN'mONY COPP, Esq., of Cjpp Bios. JAMES WATSON, Esq. H. T. RIDLEY, Esq., M. D. PLUMMER DEVVTAR, Esq. ofCheduke, Barton ACTUARY AND MANAGER: WILLIAM POWIS. SECRETARY ROBERTSON MACAuLAT MEDICAL ADVISERS •' J. W. ROSBBROUGH, M.D. ALGERNON WOOLVERTON, M.D. SOLICITOR: • 8. P. LAZIER of Chisholm & Lazier. BANKERS : THE CANADIAN BANK OF COMMERCE. Head Office:— James Street, HA MUTTON i. Xva TJ T XJ -A. U i. LIFE ASSUMNOE. AUliongli it is very generally acknowledged that Life Assur- ance nflbrds the most desirable mode of i)roviding for the future it is not as fully appreciated as it ought to he, and as it would be, if all who need its protection were familiar with its nature advantages, and susceptibility of special adaptation to the varied conditions of life. Life Assurance may be regarded as the gathering together of the annual savings of the assured, under agreement that as each dies his representatives will receive whatever sum his savings would amount to on an average in a lifetime. Now rs the length of life of any given person is unascertainable, the advan- tage of securing for one's family, in the event of early death, an amount equal to what would have been accumulated in a long series of years, is not only a great boon to the recipients, but ministers materially to ease of mind on the part of the assured,, and thus even tends to longevity. While, however, as hai> been stated, no calculation can be made of the length of any one life, yet it is found by experience that the percentage ol deaths among a large number of persons, all of an age, is always the same at that age ; and further, at all ages beyond the I THE MUTUAL LIFE ASSOCIATION OF C'AKAt)A. critical periods of childhood, the jK?rcentagc of nioi-tality steadily iucreases with the iucveasc of age ; thus the mortality At the ago of 30 is about 1 per cent. n O vith new companies, as all the policies of such conipanics are upon lives of persons recently examined and pronounced to be in good i.oalth, while the great majority of deaths occurring in any given year are among those whose health has been declining for no incon- siderable period, and very few comparatively die in the njidst of health. Not until time has left its impress ujion the mem- bers of a life company does the mortality experienced by that company approach the average rate. ADVANT/IGES OP LITE ASSURANCE. .:.1V A practice of Life " are not otherwise • e assured enjoys vom a conscious- .tcnt that would The good that would result from Assurance amongst all clas/LCs, who^ amply provided for, is almost incalc at once all that con)fort and satisfacti. ness of having provided for his family to otherwise take years of toil and anxiety to accomplish. The advantages of Life Assurance in the event of early dea'^i are too apparent to need illustiation ; but it is occasionally urged, that in the event of the assured experiencing a long life he v.ould have produced less by his savings than could have been accum-'lated in other ways ; even so, would it be prudent for him to risk the well-being of his family in the event of his decease for fear that any of his money should find a resting % THE MUTUAL LIFE ASSOCIATION OF CA^'ADA. place n tlic pockets of the widows and orphans of others .' Tut in this Company this objection can he removed, hy the assured dcft.ning liis partici[>ation in the profits, which cause.) him to reap immons.? advantiige from length of ]i(c.--See Explanation of Deferred l^rofits under heading Endowment Assurance. ADDITIONAL ADVANTAGES OF ENDOWMENT ASSURANOE. It is not U!ifre(iueutly urged that in the event of the assured living to an old age, it 's more than probahlc that ho will him- fielf be then in greater need cf his savings than even those for whom the assurance was originally elil-otecl ; and thus endow- ment assurance has become very general amongst a large class who de])end upon their owu exertions for a livelihood ; but as this system of assurance requires a higher premium than ordi- nary Life Assurance, this Associatic»n has adoitted as a separate branch of its business a system of assurane.e which provides an endowment without any additional premium by *' Deferred Profits," being a modification of the Scottish Trovident system of division of proHts, and maybe briefly explained thus :-- Assurers in this class state the age at which they desire to par- ticipate in profits : if they die before attaining the age specified no profit.' are realized, but on attaining the age named, each assurer shares in the then accumulated profits of this branch, and the profits when received are vastly in excess of those real- ized by ordinary members, for the profits that would have l)een paid to deceased membe: s iu the jrdinary mode of distribution, in this class go to swell the jirofits of the survivoi-s. m . i Th'E MrrUAL I.IFK A8»OtJlATlON OF CANADJ*. PEAOTIOAL APPLICATION OF LIPE ASSUEANC: To realize the full berefits of Lift- Afi«urance every intending assurer should select a suitublo system of assurance, and Life Assurance is susceptible of almost unlinuteU application. On page 13 will be found explanations of the various systems of assurance for whicli rates have been prepared for this Associa- tion— and rates not tnbulated can be had on application at the Head Office. THE MUTUAL SYSTEM. All n.ast admit that under equally favorable circrv;..v:ances it is more profitable to assure in a *' Alutual" than in a proprietary or mixed company, becjiuse in both the latter class of com]»aiiies large suniH, in the shape of prolits are paid to Stockholdeis, wliich in Mutual Comjuinics eitl- ^r reduce the premi'.ims or swell the amount of profits paid to the assured, ihit as tho most important m^.iU^r in connexion with Life Assurance security, it may be well to point to some of the reasons why liife Assurance lias been ]n-e-eminently succj'ssftil on the mutual ]iriiu'iple. Not only can it Ik.' shown that the assured are not liable to the iluctuations incident to iire, marine or other insnr- anccj but thnt for various reasons they are actually better secured in a Mutual than a Proprietary Company. J deferring to pnge 4 it will be seen that the i)remiums received by a Life Assurance Com^'any in caah bear relatively as high a ratio to expected claims as the Pvemiunn<57,157 3,595,207 .<<133,278 344,261 1 iie fact that Mutual Companies do not Lecoiiie so miinerouy ng Proprietary ones is readily understood, as new memhcrs join- ing an established company occupy the same position in it as though thev establislied one for themselves— l)ut Proiirietary Companies are constantly being established in order to endeavor to reap for the stockholders tliose large bonuses that other co.n- panies have succeeded in securing. It is no unimi.'ortant matter that, in a ^Mutual Company, the assured members, luiving the control of tlie Compali}', can at any time make sucli rules and adopt such by-laws, and condact the business on such conditions, as may, under proper advice, be deemed advisable. Proprietary Companies are advocated by some as exacting smaller premiums for assurance of definite sums, but the fact is, that any jn-emium which is sufficient to enable a company to meet its obligations must in course of time (if the company is i* THE :^[UTUAL LIFE ASSOCIATION OF CANADA. 11 i* at all successful) become too lavi^e, and tlie large profits idealized by proprietors has so demonstrated this fact to the public, that few comparatively will assure without profit. On the other hand, if the premium charged by a Proprietary Company were really lower than the premium i)aid to a Mutual Comivmy, aft<'i* deducting profits, the assured would not be safe with the largest capital that a Life Company ever enjoyed, owing to tl'c con- tinual progressive increase of liabilities, which can only be kept pace with when properly represented by accumulating premiums. Thus if the premium charged by a Mutual exceeds that charged by a Proprietary Company, not only is the excess returned, but also the profits that proprietor would have made, and while thus the assured participate to the full extent in the prosperity of the Mutual, its elastic strength renders it the strongest C'ompany. jMixed Companies are Proprietary Companies, which allow assurers, on payment of the larger premium, to participate to a certain extent in the profits. ®lu* Putttal W^U ^^mtMm of (^mUa. INCEPTION OP THE ASSOCIATION. The want of a Mutual Life Assurance Society has long been f.'lt tlirougliout the Dominion, and the absence of such has caused largo sums to be annually sent out of the country to foreign oiiiees, but not until the lusurance returns since the act passed in 18(58, had revealed the actual figures involved, was 12 THE MUTUAL LIFE ASSOCIATION OP fJAXADA. it known that the wealth of tlie Dominion was being sent away for investment to such an alarming extent. It may be ad- mitted, that the money »ent away as Life Assurance premiums is, to a large extent, returned eventually in payment of claims, but even its temporary withdrawal tends to enhance the rate of interest at which foreign capital is introduced into the Dominion, and to tlie extent to which these premiums are in- vested in the l^ritish Companies, it is loaned to them at half the rate of interest we pay British capitalists on our public debt. At the last Session of Parliament no fewer than three Tiife Companies, besides this Association, were incorporated, but as is usually the case, they are all more or less proprietary. The object that the promoters of this Association have in view, is to establish a Life Assurance business liurehj for the heiufit o the Assurers, The following figures taken from the Government report of the statements made by the Insurance Companies transacting Inisiness in Canada, shew that more than.a million of dollars is annually paid out of the country for Life Assurance pr<'miums Premiunis paid to British and American Coiiii)auies for Life Assurances n Canada, 1809 $1 073,460 Premiums paid to British and American Compunios for Life Assurances in Canada, 1870 $1,222, 542 It must be admitted by all that it is desirable to keep this money in the country ; it is therefore in tlie interest of all to unite in building up Canadian institution,-;. THE MUTUAL T-TPE ASSOCIATION OF CANADA. PEOSPEOTS OF THE ASSOCIATION. The only dilHculty in establisliing a Mutual Life Assurauee business is in obtaining co-opeiation in launching the society, as those who have the onerous duties of setting it afloat only participate in its prosperity on equal terms with those who may join without having had any trouble in the matter. This difficulty has in tiie present instance happily been surmounted. Not the least of the responsibilities referred to, is the absolute necessity of securing, for the management of tlie business, the services of an able and efficient actuary, thoroughly conversant with Life Assurance, and competent to give professional advice on all matters requiring the same from time to time. This Society, established under charter, being the first iMutua Life Assurance Company of Canada, it rests with the jniblic throughout the Dominion to avail themselves of its advanta^ires, and make it an extensive and profitable institution; and if the present Directors have overlooked the adoption of any ele- ment of popularity which can safely be introduced, the whole society is in the hands of the assured, and such improvements as may be deemed desirable can always be introduced as oe- otision may require. SYSTEMS or ASSUEANOE. In presenting to the public Tables of rates, care has been taken to select such tables as appear to be most desirable for the use of the great majority of assurers, but rates for special cases can be obtained on application at the head office. Tablks E a. mcfps 23 to 27. — Tho ** EndoAvrnent As- surance " tables are very deservedly the most popular, as providing for old age as well as early death, and are specially 14 THE HUTU AL LIFE ASSOOIATION OV CANADA , (!Oi)inieiidt'fl to tliosc w]io rely upon their own exertions lor a live- lihood, i^ssurcrs on this system who elect to tahc their profits on the *' Deferred Profits" plnn gTeatly enhance the value of the Endowment. Table E, p:ige 28.— The *' Endowment" tables are adap- ted to tlie use of those cnlj- v,ho having no one dependent upon them for support are only anxious to secury for themselves a competency for old age, and such ])eisons can secure to them- selves a fLir larger amount than the premiums could possibly produce if simply invested at interest. A policy on this system witli profits deferred, will jnoduce a handsome endowment for a very trilling premium. Table C E, page 29.-~Endowments for Children. — Tables of rates have been prepared for securing endoAvments to children on attaining majority, at ages varying from 18 to 25, and here again the •' Deferred Profits " plan may be selected with great advantage. Table CE A, page 30.— "Endowments for Children," with premiums returned in the event of death. Parents and guardians are naturally anxious to provide for iamilies as a whole, and in the event of any child endowed siiigly, dying before attaining majority, the i>remiuras paid would ordinarily be lost to the family, but by paying a pre- mium slightly higher, the premiums become insured in case of death, and are returned. Ta]5LE a a, page 31.— The ''Joint Life" tables are useful to business firms, enabling two persons in partnership to provide against the withdrawal of the capital of either partner by the heirs in the event of death ; it is also applicable to a married couple, where the wife has an income which ceases at her death. Table KA, page 31.— The "Reversionary" tables are supplied with a view to enable a son or daughter to make pro- vision for a parent at the lowest possible outlay. I THE MUTUAL LIFE ABSOC'iATlON UF CANADA. 15 PAYMENT OF PREMIUMS. *» The premiums have been computed to suit the various classes of assurers. The "Capitalist," by paying a si^f/Zt; premium, secures a certain amount to his family, and feeis less anxiety as to the result of his business speculations. The "Professional" man, or one in the present enjoyment of a considerable income, may, according to the extent of his means and relative permanency of his income, pay up his policy by 5, 10, 15 or more payments. The payment of Premiums during the full term for which the Assurance is granted forms the lowest rates that are desirable either for the assured or the Society. All systems of half-credit or special reduced rates, only increase the future premiums and lessen in a great measure the chance of the assured being able to kee|> up the policy ; but to meet the case of those who cannot readily pay a full year's premium at once, premiums may ])e paid by lialf -yearly or quarterly instalments, and after one full year's premium has been paid, payment may be made l»y monthly instalments if specially desired. LOW PEEMIUM ENDOWMENT ASSUEANOE- The system of Deferred Profits secures to the holder of a life policy in tliat braiich an endowuK nt for old age, in addition to life assurance, without any additional premium. 16 THE xMUTUAL LIFE ASSOCIATION OF CANADA. BATES OF PREMIUM. In comijutin;? the premiuins for the various systems of assu- rance, care has been taken to make ample provision for all con- tingencies, and while five per cent, interest has been adopted by the dii«ectors as the rate that may be relied upon in the future ; the various tables have been so constructed, that should the rate of interest in Canada fall so low as fuur ))er cent., the Association will be able to sustain the test of a valuation at that rate. But while every care has been taken to lix Ihe rates high enough for a i^eiinanency, they have been made as low as is consistent with safety, because, by the practice of many com- panies, of charging a very high i)remium and returnhig con- sequently very large i»rofits, the assured really pay a larger balance in the end, as the agent's commission is paid upon the unnecessary excess. — — « _ PKOPITS. Although, as has been stated, the iiremiums have been made as lov/ as is consistent with prudence, as well for the conve- nience of the assured as for economy in collection, it must be borne in mind, that whatever is overpaid by the assured is necessarily returned to them, as they are the proprietors of the business. It is believed tliat mortality in Canada is less in proportion than in tlie United States, and it is known that American com- panies are giving enormous commissions to agents in Canada for obtaining risks, and, as reliable investments can be made here, at as high rates as in the United States, it is not too mucn to assume that it is to Ihg interest of the assurer to prefer a Canadian nstitution. I* •f THE MUTUAL LIFE AaSOCIATlON OF CANADA. 17 f / The rate of interest which con be obtained on invcstnunt in Great Britain is so much lower than that realized here, that it is needless to press the economy of selecting a Canadian in pre- ference to a British Conii)anv. L w The expenses of a "Mutual" need net be so great as those of a proprietary coni])auy, where costly means of rivalry n re render- ed almost necessary, because the mutual companies grow in a great measure by their intrinsic merits and the combined in- fluence of their members. DISTEIBUTION OF PROFITS. The charter provides that profits shall be declared every five years, or oftener, and the frequency of the divisions will depend upon the action of the members from time to time. Each member will receive his equitable share of all surjduses divisible, and owing to the great disparity between the high rate of interest which can now be realized in Canada, and the low rates necessary to adopt as a basis of calculation in provid- ing for the far distant future, distribution will be made on what is known as the contribution plan, that is, the assured is i)aid back, among other profits, the excess of interest on the reserve value of h?s policy, over and above the interest reckoned upon in computing his premiun, and when the profits are declared less frequent than yearly they will be as though declared yearly with compound interest added, or to explain briefly— the assured are credited with all premiums received, and interest thereon, at the full rate realized by the Company, and each charged witli his share of claims and expenses. The balance belongs to the assured, and after dednctinc' t.hp ripppsanrv rp-nconranoo toIi^o the surplus is returned as profits. This is the only equitable 18 THE Mt'TUAL LIFE AHsiOClATlON OF CANADA. nioile of diVtributioii of profits, when tho rate of interest earned is liigher than that at which tlie Company'a vnUiations arc made. DEFEASED PEOriTS. Members may, at tlicir option, postpone sharin<:j in profit nntil a .specified time, and policies on this * * Deferred Profit" plan will form a distinct branch of the Society's business, and sepa- rate accounts will be kept in the Society's books o all funds appertaining to such policies, and if the assured live to receive liis profits, the amount will be immensely greater than could be secured in the same period on the ordinary plan, because the survivors not only get their own profits but the i»rofits of those who die before attaining the age named. The Deferred Profit system makes a Life Assurance Policy an Endowment Assurance— and this mode of assurance is pecu- liarly applicable to all who depend upon their own exertions for a livelilioud, and more especially those whose incomes are limited, as this is the cheapest way of making provision for old age, along with the largest ])ossible amount of Life Assurance, and one advantage this system has over endowment assurance is that the Life Assurance continues after the Phidowment (/. nf thpir nnlu'i'^s ~-l)i>t members of this Association will be allowed, on with- THE MUTUAL LIFE ASSOCIATION OF (CANADA. 19 drawing, tlieir full slmre of the accumulated funds of the Asso- ciation, or if they prefer contiiniing their policies but reciuirc the money, loans will be granted to the s.ime extent. Another matter of great importance is the liability to for- feiture by neglect in the payment of premiums. To protect the aK&urcd to tho utmost extent possible, -should a premium remain in default, tlie i)oliey Nvill be kept iu force and the premium charged against the policy, provided tiie premium does not exceed the value of the policy, and this process will be continued uniil the arrears shall Oi^ual the value of tho policy, and until then, j^ayment of the arrears with customary tines will be accepted, or such may be made a loan on the policy. CONDITIONS or ASSUEANOE. The following are the conditions upon which the policies are issued: — Premiums, in order to be free from fines, mufit be paitl within thirty days after becoming due, but no policy shall be forfeited by reason of non-payment of premiums, until tlie full vested interest of the assured in the reserve fund of the Society, shall have been exhausted in payment of overdue premiums. A fine of one per cent, per month will be charged on all prem- ums due remaining unpaid for more than thirty days. A "Paid up Policy" for an amount representing the full in- terest of the assured in the fuiuis of iha Association, will be granted on surrender of a policy at any time after two full yearly premiums shall have been paid, and members withdrawing will be allowed in cash their full share of tlie accumulated funds Residence 19 permitted within any part of the regularly or- 20 THE MUTUAL LIFE ASSOC fATlON OP CANADA. gnnizod limits of tlie Uiiited States, Dominion of Cunadu, or I5riti.sh Provinces in North America, northward of the 88th degree of north latitude, excepting therefrom any portions where thtj aborigines of this continent are not subjected to tlie autliority of a civilized government, or in any part of Europe. Travel only, not permanent residence, is permitted within the limits above de- scribed between the 38th and 35th degrees of north latitude. Persons may also travel in time of peace, in vessels from any port within the said limits to any otl.er port within the same either in America or Europe. If the person or persons assured, shall reside beyond the boundaries thus described, or travel beyond the limits thus fixed without first getting peru ifssiou from the Directors for the time beihg, the policy alfecte'\.s'.aU not be cancelled, but the cash value thereof will be paid to tho parties interested, and in cases where policies have been effected by one party on the life of another, or where they have been as- signed to third parties for valuable considerations, if the fact be communicated to the Association so soon as known by the parties interested, and the extra rate fixed by the Directors be then . paid, the policy shall remain in full force and effect. ^Military or naval service, or navigation of the seas, lakes or rivers, or employment on railway trains, is not permitted with- out the consent of the Directors, except in defence of the Dominion, against foreigr hr\ asion ; but policies on the lives of members transgressiu^ tuis rale vmH be dealt with as in the case of foreign residence and travel. Proof of the age of tlie person on whose life the Ass ance is granted, will be required before payment of the policy, unless that fact shall have been previously ascertained and admitted by the Company. Upon the death of the person on whose life the assurance is granted, the legjsl claimant, or representative, will be required / THE MUTUAL LTFE ASWOf lATlON OP CANADA. 21 to fiiniish proof of the fact to the Directors, ami of the time and manner of the occiuTenee, together with such other infor- mation pertaining to the cause of death, a-nl circumstances connected with it, nsmay bederniod necessary by the Directors. The sum assured will be paid at the expiration of three calen- dar months from the date of tht: completion of the lequired proofs. If any difference arise in regard to an assurance, it shall be optional with the claimant upon the policy iuvolve 21 70 25 30 28 00 32 60 42 10 72 70 319 20 31 22 30 25 90 28 50 33 £0 42 80 74 00 325 00 32 22 : 1 2'J 40 29 10 3:< 90 43 60 75 40 331 00 S3 23 40 27 00 29 70 34 (JO 44 50 76 90 337 30 34 24 10 27 GO 30 40 35 40 45 40 78 50 344 10 :?;-) 24 70 2vS :^0 31 10 36 20 46 40 80 10 351 10 3iJ 25 5':> 29 00 31 80 37 00 47 40 81 90 3=)8 50 37 2(5 30 29 SO 32 60 37 80 48 00 S3 70 336 00 3S 27 20 30 70 33 40 ;!8 70 49 80 85 50 373 80 39 2S 10 31 60 U 20 39 6> 51 00 87 50 3S1 80 40 29 oy 32 40 35 10 4') 50 52 30 8'.* 40 3»9 70 41 29 90 33 30 35 9 » 41 30 53 4) 91 30 397 30 42 30 80 31 10 no 80 42 20 54 93 00 404 90 r-i 31 80 3'. 00 37 0!> 43 00 55 60 9i 80 412 40 44 32 SO 35 90 38 50 43 SO 51) 80 90 -^0 420 20 4r) 33 80 8(> 90 39 50 44 70 57 9) 98 50 428 50 4(i 34 03 • • ■ • 40 50 45 8') 59 20 100 50 4:57 20 3(i 10 • • ■ 41 60 46 90 60 50 102 60 446 50 48 37 40 ■ ■ • 42 90 48 20 61 90 104 80 45(J 4(» 49 3S 90 44 20 4A) 60 03 60 107 30 467 .".0 oO 40 5) • • - 45 80 51 20 05 40 110 10 479 10 ni 42 3J • • • • 53 00 67 40 113 20 491 70 62 41 20 • • • • • • . 54 90 69 50 110 30 504 J 03 413 20 • • . . . . • 50 90 71 70 119 50 517 SO 5* 48 40 • • • 1 • . • . 58 90 74 10 122 80 531 20 65 St) 70 : = : 1 (i\ 'la Tt) Art 126 30 645 10 ; THE iMUTUAL LIFE AikSOClATION OF CANADA. 2^ TABLE E A. endowm?:nt assurance. Annaal Preniliini to Asmnrc $1000 nt the end of the term spectHed, or at llcuHi, if it^oorair sooner. , Age next Birthday In 5 Years. In 10 Years. In 15 Years. 20 200 9-3 94 10 59 -iO 21 200 90 94 20 59 50 22 200 90 94 30 50 60 i>3 200 90 94 40 59 SO 24 201 0!) 94 00 00 00 25 201 10 9-t 80 GO 20 SG 201 30 95 00 00 50 27 201 60 95 20 00 70 28 201 90 95 50 60 90 29 202 10 95 70 (>l 10 30 20-2 20 95 80 61 30 81 20'J 30 95 90 61 50 32 202 4C 90 00 61 70 33 202 50 90 20 61 90 34 202 t)0 90 40 62 10 35 202 70 90 60 G2 SO 36 202 SO 90 90 62 CO 57 203 00 97 20 62 80 38 203 :]0 97 50 63 10 30 203 GO 97 80 03 30 40 i:()!r 00 9S 10 03 50 41 204 20 98 20 63 70 42 204 40 98 3il {)•■', 90 43 204 50 98 40 04 10 44 204 00 98 50 04 30 45 204 70 98 00 04 50 46 204 SO 98 7<) 04 70 47 204 90 98 80 04 90 48 2' '5 00 99 0') 05 30 49 20.1 10 99 30 05 80 60 205 80 99 00 66 60 ol 205 00 100 20 07 00 62 200 GO 100 90 08 70 C3 206 ;o 101 SO 09 90 54 20G 90 102 SO 71 20 55 207 50 104 00 72 00 24 THE MUTUAL LIFE ASSOCIATION OF CANADA. TABLE E A 50. ENDOWMENT A8SUKANCE AT 50. To Assure ^lOOO pn3a1>le at the Age of 50, Oi* at Death if It occur sooner. Akc next Birth- tlay. ■'■ ■■ rrr- Annual Premium. Premium for 15 years. Premium for 10 years. Preniiuni for 5 year«. Single Piemium. 20 $27 00 $37 60 648 60 $84 80 f3S0 90 21 28 10 38 70 50 20 87 40 391 90 22 29 50 39 80 61 90 90 10 403 60 23 31 00 41 20 53 70 92 90 415 90 24 32 60 42 60 55 60 95 90 428 60 25 34 20 44 10 57 60 99 10 442 30 26 36 00 45 60 59 70 102 40 456 40 27 38 00 47 40 61 80 105 90 471 30 28 40 10 49 20 64 10 109 60 486 70 29 42 30 51 00 6Q 40 113 30 502 50 30 44 00 C8 60 117 00 518 40 31 47 10 71 00 120 90 535 10 32 49 90 73 50 124 90 552 70 33 53 00 ... • • 76 10 129 20 571 40 34 56 50 78 90 133 30 591 10 THE MUTUAL LIFE A8,S JIATION OF CANADA. 25 ♦ TABLE E A 55. ENDOWMENT ASSURANCE AT 55. To Assure i}51«ai> Tayablc at the Age of 55, or at Deatk if It occur soo::cr. Annual Premium. Pi'cmium lor ir. years. Premium for Premium for Single 10 year.s. years. Premium. $43 60 $75 90 $341 50 44 70 78 00 350 50 45 90 80 20 360 10 47 30 82 50 370 10 48 80 85 00 380 60 50 40 87 60 891 60 52 20 90 30 403 00 54 00 93 20 415 00 55 80 06 20 427 40 57 70 99 10 430 90 59 50 102 00 452 30 61 30 105 00 465 30 63 30 108 20 478 90 05 40 111 50 493 30 67 60 115 10 508 CO 70 00 118 80 524 70 72 50 122 80 .')41 70 75 10 127 00 559 50 77 80 131 40 578 20 SO 70 136 10 597 80 20 THE MUTUAL LIFE ASSOCIATIOX OF CANADA. TABLE E A 60. ^VITH PROFITS- ENDOWMENT ASSURANCE AT 60. To A MS lire $1000 Payable at the Age of GO, or atr Death, if It oceur §ooucr. Age next Bulhday. AnnuHl Premiuui. Premium for 15 Year.s. 1 PriMniuin for 10 Years. Premium for 5 Years. Single Premium. 20 20 90 30 90 39 90 69 30 312 40 21 21 50 31 70 40 90 71 00 320 00 22 22 20 32 50 41 90 72 80 328 00 23 22 90 33 40 43 00 74 70 336 40 24 23 80 34 3C 44 20 76 60 345 10 25 24 70 35 2') 45 50 78 70 354 30 26 25 70 36 20 46 SO 81 00 363 90 27 26 80 37 30 48 30 83 40 373 80 2S 27 80 38 50 49 70 85 90 384 00 29 28 90 39 60 51 20 88 30 394 20 80 30 00 40 70 52 60 90 70 404 00 31 31 20 41 90 54 10 93 lo 414 30 32 32 40 43 ]() 55 70 95 60 425 00 33 33 70 44 40 57 30 98 20 436 40 34 35 20 45 80 59 10 101 10 448 50 35 36 70 47 20 61 10 104 00 461 20 3(> 33 50 48 70 03 10 107 20 474 50 37 40 50 50 30 do 20 110 50 488 50 38 42 50 52 00 67 40 114 00 503 00 39 44 70 53 70 69 60 117 60 518 20 40 47 10 • • • • • • 72 00 121 40 533 90 41 49 70 • t • • • • 74 30 125 20 549 90 42 52 40 • • • • • • 76 70 129 20 566 40 43 55 40 • • • t • • 79 20 133 20 583 70 44 58 90 • • > • • 81 70 137 40 601 90 THE MUTUAL LIFE ASSOOIATION OF CANADA. TABLE E A 65. "WITH :e*rofzts. ENDOWMENT ASSURANCE AT 65. To AHsiire .lJlo;»0 Payable at llie Arc of 05, or at l^calli if It orriir sooner. 2? tcs Annual Premium. 19 00 Premium for 15 years. Premium for 10 years. Premium for 5 years. Single Premiums. 'lis 28 90 37 50 64 90 291 10 21 19 60 20 60 38 30 66 30 297 70 20 10 30 30 39 20 67 90 304 70 23 20 80 31 00 40 10 69 50 311 90 24 21 40 31 80 41 10 71 20 319 50 25 22 10 32 60 42 20 73 00 327 50 26 22 80 33 50 13 30 74 90 335 70 . 27 23 60 34 40 44 40 76 90 344 30 28 24 40 35 30 45 GO 79 00 353 00 29 25 20 36 20 46 70 80 90 361 50 80 26 00 37 10 47 80 82 SO 369 70 31 26 90 38 00 48 90 84 70 378 10 32 27 PO 38 90 50 20 86 60 386 90 33 28 90 39 90 51 50 88 70 396 20 3^ 30 00 40 90 53 00 91 00 406 10 35 31 30 42 00 54 60 93 40 416 50 3() 32 70 43 30 56 30 96 00 427 40 37 34 10 4-1 GO 58 1.-0 98 70 438 60 38 35 60 46 00 59 80 101 50 450 40 39 37 20 47 50 61 70 104 50 462 60 40 38 90 49 00 63 60 107 60 475 00 41 40 70 50 50 65 50 110 to 487 50 42 42 50 52 10 67 40 113 60 500 30 43 44 50 53 60 69 30 116 70 513 50 44 46 GO 55 30 71 30 120 00 527 40 45 48 90 73 40 123 -^0 542 00 4(5 51 40 75 60 126 90 ' 55V 50 .^7 54 30 77 90 130 70 574 00 48 57 40 SO 50 134 70 591 60 49 61 10 fit * • • ■ ■ ■ 1 1 ' 83 20 139 10 610 m 28 THE MUTUAL LIFE ASSOCIATION OF CANADA. TABLE E. WITH I»ROFITB. ENDOWMENTS. Annual Preniiiiiii to AKKnrc '^lOOO, Pnyablo ns iinilcr, should the Aftsiirvd live so Ions, (not otlicr%vl«c*) ^^ • PS . «§• ^i tg %4 it D n a; •- «^ is OJ V- C Cm X «M a< <.-< 255 2 S 3S fit 30 2 n c If eS p eS >, « . ''' bo S'-lA t^tp >^tt, . tti >.tt) <'» ^^ P- ^^^ ,:< (£^ 20 $193 20 J3!85 70 .il!49 (iO .«15 20 $10 60 S 7 40 $ 4 80 21 193 10 85 hd 49 80 16 20 11 40 7 90 5 10 193 00 85 30 49 70 17 30 12 20 8 40 6 50 23 192 90 85 10 49 60 18 40 18 00 8 90 6 80 24 102 GO 84 9 1 49 50 19 80 13 90 9 40 6 20 26 i92 SO 84 70 49 30 21 2) 14 80 10 10 6 60 26 191 90 84 60 40 10 22 SO 15 80 10 80 7 CO 27 191 70 84 60 48 90 24 60 10 00 11 60 7 40 28 191 40 84 40 48 70 26 30 18 CO 12 40 7 90 29 191 30 84 30 48 60 28 30 19 40 13 20 8 40 80 101 20 84 20 48 30 30 60 20 80 14 10 8 90 yi 101 10 84 00 48 10 33 CO 22 4r 15 10 9 60 32 191 00 83 70 48 00 35 80 24 10 16 20 10 10 33 190 80 83 40 47 90 38 90 25 90 17 30 10 70 '.'A 190 70 83 20 47 80 42 30 27 90 18 50 11 40 35 190 50 83 00 47 70 • • • • 30 20 19 8) 12 30 30 190 10 82 80 47 «30 .... 32 70 21 30 13 20 l'.7 18!) 70 82 60 47 5> • • • ■ 35 50 23 00 14 10 88 IW 30 82 50 47 40 • • • 1 38 50 24 80 15 20 39 189 00 82 40 47 ao • * • • 41 90 26 70 16 40 40 188 80 82 30 47 20 • ■ • • • • • • 28 80 17 70 41 188 70 82 20 47 00 .... • • . 1 31 30 19 20 42 18s 60 82 10 40 80 • • • • • • • « 34 00 20 70 43 188 50 82 00 4<5 (iO • • • • • • a • 37 00 22 40 44 188 40 81 99 46 10 .... • • • • 40 60 24 20 45 18S 30 81 70 45 GO .... .... ( • • • 26 20 4t) 188 20 81 50 44 70 • • • • • » • • , 28 40 47 188 10 81 20 43 SO • • • • • • • • ■ 30 80 48 187 iK) 80 70 42 90 • • • • J 33 00 49 187 60 70 90 42 00 • • • • • • • • . 36 80 50 187 10 78 90 41 20 • • • • • • • • , • • • • 61 18(5 60 77 70 40 no • • • • • • • • • 52 ISU 10 7g 40 30 50 • • • • • • • • ^ • • • • 53 ]85 50 75 10 38 60 .... • • • t . • • • • 54 184 40 74 00 37 80 • • • • • • • • • • • • • bb 183 00 72 90 36 90 .... .... • 1 I trtB MUTUAL LIFE ASSOCJAtlON OF G-^XADA. 29 TABLE CE. I ENDOWMENTS FOR CHILDKEN. Auuiial Premium to Assitrc $1000, rayiiMe at tlic age speci- fied shoHlU the ehllil survive that age. Age next Bithday 1 .) 3 4 5 6 ^- 8 9 10 11 12 13 14 15 16 17 18 19 20 Payable at the acje of l5 40 30 44 30 48 70 53 50 58 90 65 10 72 30 80 60 90 70 103 10 118 70 138 70 165 60 • • • • « Payable at the age of 21. 32 30 35 30 38 40 41 70 45 30 49 30 53 80 59 10 05 10 72 20 80 50 90 60 102 90 118 40 138 50 165 • • • 4o 1 • « • • • r • Payable at the aOc of 25. 24 40 26 40 28 50 30 70 33 10 35 70 38 60 41 80 45 30 49 20 53 70 58 90 64 90 72 10 80 40 90 40 102 80 118 30 138 40 165 30 ^0 THE MUTUAL LFIE ASSOUiATION OF CAi^Abli TABLE C E A. WITH PROFIT. ENDOWMENTS FOR CHILDKEN. (All rrcininms returned in the event of Death.) To Assure $1000, payable at the age speelftert should llie ehiia su»-vlvc that age, -the I»renilums to be all returucdiu event of Death. Age next Brthday I •> 3 4 5 C 7 8 i) 10 11 12 13 14 15 IG 17 18 19 20 Payable at the age of 18. 47 30 49 70 53 10 57 30 62 30 68 4C 75 40 83 80 93 90 106 50 122 30 142 50 169 60 Payable at the age of 21. 38 39 42 45 48 52 56 62 68 75 84 94 lOG 122 142 169 20 00 30 10 50 40 90 10 40 60 10 30 80 50 SO 90 Payabl e at the age of 2 5. 29 20 30 40 32 20 34 20 36 40 38 90 41 70 44 80 48 30 52 20 56 90 C2 30 68 40 75 70 84 20 94 40 106 90 122 60 142 90 169 90 THE M1]f:ilIA.L JAFh ASS 1" (UNAOA. ^1 K ^ r M 1 JOI ■;-'8 -Ill" NfONA'R'r .A.SSX3RANC"-: rie> 9n ., i:', 10 '«■ i 12 TO- ■'■■ j 12 1^0 4^5 !*(' aOaiif^ •'■ ar ve 'H 00 4." ii (10 -5v .■0 40 »- .■ ■ (iO ;;() ;v> ivml o .■^ SO ■i:' pO 4(1 ;>o *>;' 01 (iO 40 arifl to 1. .1' -i') 00 i'^ SO i)l 10 UC^ ('<;? 70 iiS at\d 45 .-1 ..a ,*"'( * (■«0 40 0/) (50 ^0 aTui ^■)it fil 00 ()0 70 h/) i\V<- 78 10 36 40 50 m i iri oo 06 70 u m 1.;' 80 55 , . fiO ]»> 70 i'ii yo "a V\ 40 • ^ IS rHJL MUTUAL I.IFK AHHOOIATION OF CANADA. NOT K. For Half-yearly PrernJum, add 3 per cent, to fnll Premium and divid«i by 2. For Quarterly Premium, add 44 p«t cent, to full Pre- mium and divide by 1. Any member desirous of paying his Premium Monthly, •an do so aft(a* lie has paid one full year's Premium. For Monthly Premium, add 5§ per cent, to the full premium ami divide by 12. Premiums for Endowment (Table E) may be limited to any number ot years, find the rate can be ascertained bj referring to the Endowment Insurance Tables. Thus : By Tabic E, the Annual Premium for Endowment at 50, at age 30, is $3.05 ; turning to Table E A. 50, the Annual Premium at *ge 30 is $4.46, and the Premium for Ten Yoars, $6,86. Then 4.46 : 6.86 :: 3.05 : 4. 70- -the Premium for 10 years t« secure an Endowment at the age of 50 to a person aged 30. Rule. — Multiply the premium found in Table E by th« Premium for the number of years required, taken from corree- }»onding Table E A, and divide by the Annual Premium, E A. X ■ u 11 re- u!l to bk , is at 86. ; t« '68-