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UNITED KINGDOM LIFE
8, WATERLOO PLACE, PALL MALL, LONDON.
Bombers- The Bank of England; Messrs. Cocks, Biddulph, & Co.; and the Union Bank of London.
Surr/eon-V H Thomson, Esq. S..'icrfors-Messrs. Tatham, Upton, Johnson, & Co.
inHI John King, Esq. Secretary— Patrick Macintyre, Esq.
This Company was established in 1834, by a Special Act of Parliament, and affords the most perfect security in its large paid-up Capital, held by a large, numerous, and wealthy Proprietary.
The Tables have been formed on the lowest scale compatible with security, and constructed to meet the various wants of Assurers, and every risk to which protection by Assurance can be extended.
EXTRACT OF TABLE OF RATES. |20) 2 „• |£1 13 101 m j (£1 18 8 perCent.
jf 30[ II] 2 3 101 || 2 8 2 ditto I40I ?£ I 2 19 l) "M 3 3 4 ditto
Premiums may be paid in almost any way to meet the convenience of the Public.
One-half the Animal Premium need only be paid for the first five years, the other being allowed to remain at five per cent, interest, thus affording parties desirous of effecting SHORT TERM POLICIES the advantage of having a LIFE POLICY at a scarcely increased outlay.
Parties insured with this Company are not restricted in their limits of travel, as in most other Offices, but may proceed from one part of Europe to another, in decked vessels, without licence, and to British North America, and many parts of the States, without extra Premium, by merely giving the ordinary notice of the intended visit.
Whole World Life Policies are granted at slightly increased Rates of Premium, thus rendering a Policy in Honey Transactions a real Security.
SECOND SEPTENNIAL DIVISION OF PROFITS AMONG THE ASSURED.
In 1841 the Company declared a Bonus of £2 per Cent, per Annum on the Sum insured, to all Policies of the Participating Class, from the time they were effected to the 31st December, 1840; and from that date to 31st December, 1847, 2i per Cent, per Annum was added at the General Meeting on Cth July, 1848. The Bonus thus added to Policies from March 1834, to 31st December 1847, is as follows:—
Sum Time Sum added to Sum added to Sum payable
Assured. Assured. Policy in 1841. Policy in 1848. at Death.
£5000 .. 14 Years.. £683 6 8-. £787 10 0 • • £6470 16 8 1000 .. 12 Ye..... 100 0 0.. 187 10 0 .. 1237 10 0
* 1000 - - 7 Year 157 10 0.. 116710"
600 .. 12 Years.. 50 0 0 • • 78 16 0 ■. 628 18
600 .. 1 Year 11 6 0 ■ • 611 6
* Ex A MP! E.— At the commencement of the year 1841, a person aged thirty effected a Policy for ilnno, the Annual Payment for which is AM. Is. M. ; in 1847 he had paid in Premiums Jt 16*8. 1 Is. 8rf.; but the profits being 24. percent, tier annum on the sum insured (which is .£22. 10*. per annum for each t 10"0), he had jt'157. lot. added to his Policy; almost as much as the Premiums paid.
Parties desirous to Participate in the forthcoming Bonus should lose no time in applying for immediate information to the Resident Director, Waterloo-place, London, or to the following Agents :—
Paris C. Hartwieg, Esq., 18, Rue Vivienno
Brussels • • • Messrs. Salter and Bigwood
New York . . . W. C. Siaitland, Esq.
Quebec 1'fter Sheppaitd, Esq.
Naples Dr. Cox (Medical Referee).
Besides Agents in every important Town in England, Scotland, and Ireland.
FIRE AND LIFE INSURANCE SOCIETY,
1, NEW BRIDGE-STREET, BLACKFRIARS, LONDON.
Instituted in 1696; extended to Life Insurance 1836.
Immediate, Deferred, and Survivorship Annuities granted.
The Hon. William Ashley.
The Hon. Colonel Clst
Harvif. M. Farquiar. Esa. William Scott, Esq.
John Sperling, Esq.
Thomas Fuller Maitland, Esq. James Esdaile, Esq.
Bankers—Messrs. Goslings and SnARPE, 19, Fleet-street.
Physician—Thomas K. Chambers, M.D., 1, Hill-street, Berkeley-square.
Solicitors—Messrs. Lumley, Nicholl, and Smyth, 18, Carey-street.
Actuary—James M. Perry, Esq. Secretary—Robert Steven, Esq.
Although the lowest rates of premium, consistent with security, have been charged by the office, it has for many years been enabled to make very large returns to septennial insurers.
The important advantages offered by the plan and constitution of the Life Department of this Society are—
That insurers are protected by a large invested capital upon which there is no interest to pay, and for which no deduction of any kind is made, which enables the Directors to give the whole of the profits to insuring members.
That the profits are divided annually amongst all members of five years' standing, and applied towards reducing life insurance to the lowest possible rates of premium.
The following table exhibits the abatement of premium that has been made for the past nine years to members of five years' standing:—
A policy taken out on or before the 24th of June, 1845, at an annual premium of £100, will consequently be charged £47. IN. as this year's premium; and it is expected that an equal abatement will in future be annually made.
That persons insuring their own lives, or the lives of others, may become members.
That persons who are willing to forego participation in the profits can insure at a lower rate than that charged to members.
The following table will show the effect of the reduction of premium made by the Society on members' policies that have been five years in force :—
This system of reducing the premiums affords immediate benefit to the members, or enables them to insure a further sum upon their lives equal to more than one-third of the present policy, without any additional outlay.
»I*1] ROBERT STEVEN, Secretary.
LONDON ASSURANCE CORPORATION,
Established by Boyal Charter, in the Reign of King George the First, A.D. 1720.
HEAD OFFICE, No. 7, ROYAL EXCHANGE, CORNHILL;
WILLIAM KING, Esq., Governor. ROBERT COTESWORTH, Esq., Sub-Governor. | EDWARD BURMESTER, Esq., Deputy-Governor.
William Dallas, Esq
CnABLES Kerr, Esq.
Secretary—JonN Laurence, Esq.
Manager of the Marine Department—Timothy Greated, Esq. | Superintmilent oftlte Fire Office—Jossrn Sparkes, Esq.
Underwriter—John Anthony Rucker, Esq. Actuary—Peter Hardy-, Esq., F.R.S.
Superintendent of Branch Office—Abel Peyton Phelps, Esq.
Phyrician—George Budd, Esq., M.D., F.R.S., 20, Dover-street, Piccadilly.
Surgeon—Thomas Callaway, Esq., 7, Wellington-st., Southwark.
Solicitor!—John Covebdale, Esq., 4, Bedford-row; Messrs. Tatoam, Upton, Johnson, and Co., 20, Austin-friars.
Bankers—The Bank of England; Messrs. Willis and Co.
THIS CORPORATION has effected Assurances on Lives for A PERIOD OF ONE HUNDRED AND THIRTY TEARS; their first policy having been issued on the 7th June, 1721, to William, Lord Bishop of Sarum.
Two-thirds of the entire gross profits are appropriated to the Assured,—the Corporation retaining the remaining one-third, out of which they PAY THE WHOLE EXPENSES OF MANAGEMENT; thus affording to the public advantages equivalent to those derived from Mutual Assurance, WITHOUT LIABILITY OF PARTNERSHIP, and with ALL THE SECURITY afforded by AN OLD AND OPULENT CORPORATION. Policies may be opened under any of the three following plans, viz.:—
The Old Series, under which Assurers arc admitted at very moderate Rates of Premium, without participation in Profits.
The Series 1831, under which Assurers arc entitled, after the first Five Years, to an annual Abatement of Premium. The abatement at the last valuation was equivalent to a return of more than one-fourth of the Premium.
The Series 1846, under which Assurers are entitled to participate in the ascertained profits at the end of every five years, and to appropriate their share thereof, either as an immediate Cash Bonus, as an addition to the sum Assured, or It may be made a matter of special arrangement, and applied in any manner most convenient to the parties Assured. THE FIRST DIVISION under this Scries took place on the 31st DECEMBER, 1850, and amounted, on an average, to A REVERSIONARY BONUS equivalent to about FIFTY-THREE PER CENT, upon the amount of Premiums paid.
Fire Insurances may be effected at Moderate Rates upon every description of Property.
Marine Insurances may be effected at the Head Office of the Corporation. Policies for Sea Risks are also granted, claims on which are made payable in India and China, by the Corporation's Agents, at the following places:—Calcutta, Bombay, Madras, Canton, and Shanghai. 1171] JOHN LAURENCE, Secretary.
SCOTTISH WIDOWS' FUND LIFE ASSURANCE SOCIETY.
FOUNDED AD 1816.
THIS Institution, notwithstanding its local name, has long been favourably known to all classes in Great Britain and
Being a Mutual Assurance Society, the Members are the only parties in any way interested in the Funds; they are, in point of fact, their own assurers, and whatever is paid by way of Premium, over and above what is actually required for the risk of the Assurance, is appropriated for their behoof. This is done once in every period of Seven Years, when an Investigation into the affairs of the Society takes place, not less than one-third of the Profits, as then ascertained, being set aside as a Guarantee Fund to maintain the stability of the Institution, and the remaining two-thirds being immediately divided among the Assured—each member being entitled to elect whether he will have the value of his share handed over to him at once in cash, or have it applied as an addition to his policy, or towards reduction of the future Annual Premiums. As B proof of the working of this system it may be stated, that' in the case of a Policy opened with this Society in the year 1819, and emerging in the present year (after payment of the Premium), the representatives of the Member would receive more than double the amount of the original Assurance.
THE CAPITAL OF THE SOCIETY, arising from the Accumulation of the Members'Premiums, amounts at this time to upwards of TWO MILLIONS AND A QUARTER STERLING.
ANNUAL REVENUE, upwards of Three Hundred Thousand Pounds.
Every information can be readily obtained by application at the Society's Head O^ior, or at any of the Agenda.
HEAD OFFICE, S, 8T. ANDREW-SQUARE, EDINBURGH.
EQUITY AND LAW
LIFE ASSURANCE SOCIETY,
No. 28, LIN'COLN'S-INN-FIELD3, LONDON,
LAW SOCIETY'S ROOMS, MANCHESTER.
Policies do not become void by the Life Assured going beyond the prescribed limits, so far as regards the interest of third parties, provided they pay the additional Premium so soon as the fact comes to their knowledge.
"Free Policies" are issued, at the small increased rate of Premium, which remain in force, although the Life Assured may go to any part of the world.
The Tables are especially favourable to young and middle-aged Lives; and the limits allowed to the Assured, without extra charge, are unusually extensive.
Eighty per cent, of the Profits is divided at the end of every fifth year among the Assured.
At the First Division to the end of 18+1, the addition to the amount assured averaged above 50 per cent, on the Premiums paid. [i 59
MUTUAL LIFE ASSURANCE COMPANY,
INCORPORATED BY ACT OF PARLIAMENT,
37, NEW BRIDGE-STREET, BLACKFRIARS, LONDON.
Cover, William, Esq., Highgate.
London and Westminster Bank, Lothbury. | John Mann, Esq., Charterhouse-square.
This Company is founded on purely mutual principles: there is no proprietary under any form to absorb any portion of
No. Amount. Yearly.
Life Assurances ... 809 .. . £136,365
Annuities 14 £202
Investments .... 410 .. . 27,964
Total . . 1233 £164,329 £202
There were advanced to the Members in the same period, on various descriptions of available security, 7220/.
This Company is adapted to meet all the varied wants of its Members. By its Life Policies provision may be made for the evils anticipated from the death of the party assured. By its Deferred Annuities a certain income may be secured when advancing years render labour less remunerative. By its Immediate Annuities a sum of money which now yields an inadequate support in the shape of interest may be rendered much more productive; while the Investment Assurances enable every one to make provision for the time of sickness or other calamity requiring pecuniary aid. The employment of the funds in advances to the Members places within their reach the means of enlarging their trade capital, or of making advantageous purchases as opportunities offer.
As there are many important towns in which Agents are not yet appointed, the Directors are open to receive applications from respectable persons in such places. If not already Members of the Company, they will be required to become so by effecting a life assurance.
Upon receipt of two postage stamps the Prospectus, with Forms, be., will be forwarded, in which some important and novel applications of Life Assurance will be found. W. S. Cover, Actuary and Secretary.
January 15tA, 1851.
MUTUAL FIRE ASSURANCE SOCIETY,
INCORPORATED BY ACT OF PARLIAMENT,
37, NEW BRIDGE-STREET, BLACKFRIARS, LONDON.
Messrs. Barclay, Bevan, Tritton, & Co., Lombard-street. | Messrs. Watson & Sons, Bouverie-street, Fleet-street.
This Society (although entirely distinct in its funds and management) is conducted at the same Offices, and on the same principles, as the British Empire Mutual Life Assurance Company.
It is designed to extend to Fire Assurance the Mutual principle which has been found so successful in its application to
During the year 1850, 1680 new policies have been issued, assuring property to the amount of £656,423. A large
Assurances can be effected daily at the Chief Offices, or at any of the Agents of the Society throughout the Empire.