GREAT BRITAIN MUTUAL LIFE ASSURANCE SOCIETY, 14, WATERLOO PLACE, LONDON, AND 42, JOHN DALTON STREET, MANCHESTER. DIRECTORS. THE CHISHOLM, Chairman. Major-General Michael E. Bagnold. Francis Brodigan, Esq. Alexander Robert Irvine, Esq. James John Kinloch, Esq. Robert Francis Power, Esq., M.D. This Society is established on the tried and approved principle of Mutual Assurance. The funds are accumulated for the exclusive benefit of the Policy-holders, under their own immediate superintendence and control. The Profits are divided annually, and applied in reduction of the current Premiums. Policy-holders participate in Profits after payment of five annual Premiums. The Annual General Meeting was held on the 28th May, 1857, when an elaborately detailed Report of the affairs of the Institution was presented to the Members. After a rigid investigation, it was satisfactorily ascertained that the state of the funds was such, that the Policy-holders' allowances might be safely increased, during the present year, from 31 to 32 per cent., whilst it was clearly shown that, from the extreme care and caution observed in avoiding any undue appropriation of the surplus, such allowances would hereafter, from time to time, be considerably augmented. It was also clearly shown that the amount of business transacted during the past and preceding years was such as to prove incontestably that the Society firmly maintains its footing, and enjoys, to the fuilest extent, the confidence and support of the public. The Members present at the Meeting were fully satisfied with the Report, and resolved unanimously that a reduction of 324 per cent. should be made in the current year's Premium payable by all Policy-holders now entitled to participate in the profits. Credit is allowed for half the Annual Premiums for the first five years. The following Table exemplifies the effect of the present reduction. INDIA AND LONDON LIFE ASSURANCE COMPANY. Capital £250,000, in 5,000 Shares, of £50 each. This Company assures the lives of healthy persons in any part of the world. INDIAN ASSURANCES. The attention of parties connected with India is directed to the moderate Rates for Assurances on the Lives of either Military or Naval Officers. or Civilians, by which means young men may secure the repayment of advances for outfit, &c.; and parties enjoying annuities from the bounty of their friends, may secure themselves against the death of their benefactors. Extract from the Tables for an Assurance of 1,000 Rupees, or £100:- Annual Division of Profits and large Reduction of Premiums. HAND-IN-HAND Fire and Life Insurance Society, No. 1, NEW BRIDGE STREET, BLACKFRIARS, LONDON. Instituted in 1696.-Extended to Life Insurance, 1836. Auditors-Col. the Hon. P. F. Cust; James Esdaile, Esq.; Thos. Fuller Maitland, Esq. Physician-T. K. Chambers, M.D., 1, Hill Street, Berkeley Square. LIFE DEPARTMENT. 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 abatement of Premium on all Policies of five years' standing was in 1842, 1843, and 1844, at the rate of £45 per cent. in each year; in 1845, 1846, 1847, and 1848, £50 per cent. in each year; and in 1849, 1850, 1851, 1852, 1853, 1854, 1855, 1856 and 1857, £52 10s. per cent. in each year; and it is expected that an equal abatement will in future be annually made. Persons insuring their own lives, or the lives of others, may become Members. 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, and enables them to insure a further sum upon their Lives equal to more than onethird of the present policy, without any additional outlay. NO CHARGE FOR POLICY STAMPS. FIRE DEPARTMENT.-Insurances are effected on every description of property at the usual rates. RICHARD RAY, Secretary. (By Order) 1, OLD BROAD STREET, LONDON. Instituted 1820. DIRECTORS. THOMAS GEORGE BARCLAY, Esq., Chairman. MARTIN TUCKER SMITH, Esq., M.P., Deputy-Chairman. JAMES C. C. BELL, Esq. CHARLES CAVE, Esq. GEORGE WM. COTTAM, Esq. GEORGE FIELD, Esq. SAMUEL HIBBERT, Esq. J. GORDON MURDOCH, Esq. The Income from the Premium Fund of this Company is upwards of £110,000 per annum, and the investments exceed 37 per cent. of the sums insured. FOUR-FIFTHS, or 80 per cent. of the Profits are assigned to Policies every fifth year, and may be applied to increase the sum insured, to an immediate payment in cash, or to the reduction and ultimate extinction of future Premiums. At the fifth appropriation of profits for the five years terminating January 31, 1856, a reversionary bonus was declared of £11 Os. per cent. on the sums insured, and subsisting additions for every premium paid during the five years. This bonus, on policies of the longest duration, exceeds £2 58. per cent. per annum on the original sums insured, and increases a policy of £1000 to £1638. The next appropriation will be made in 1861, and parties who insure during the current year will participate in the profits to the fullest extent. ONE-THIRD of the Premium on Insurances of £500 and upwards, for the whole term of life, may remain as a debt upon the Policy, to be paid off at convenience; or the Directors will lend sums of £50 and upwards, on the security of Policies effected with this Company for the whole term of life, when they have acquired an adequate value. Proposals for insurances may be made at the chief offices, as above; at the branch office, 16, Pall Mall, London; or to any of the agents throughout the kingdom. BONUS TABLE. Showing the additions made to Policies of £1000 each. And for intermediate years in proportion. Insurances, without participation in Profits, may be effected at reduced SAMUEL INGALL, Actuary. rates. LIFE LEGAL AND GENERAL ASSURANCE SOCIETY, 10, FLEET STREET, LONDON. TRUSTEES. The Right Hon. Lord Lyndhurst. The Right Hon. Sir J. L. Knight Bruce, The Right Hon. Sir John Dodson, Dean The Hon. Sir Wm. Page Wood, Vice- The Hon. Mr. Justice Williams. William Baker, Esq., late Master in Chancery. SUBSCRIBED CAPITAL ONE MILLION POUNDS STERLING. Accumulated Capital, invested in the Names of the Trustees above mentioned, £980,000. Present Annual Income (increasing yearly), £145,000. Advantages offered by this Society, viz. : Policies marked "Indisputable," and thereby made as effective as possible. N.B.-No Policy in this Office has ever been disputed. A moderate Scale of Premiums. No charge for Policy Stamps. Medical Fees paid. Two-fifths of the Annual Premium, for the first five years, on whole life assurances, allowed to remain as a debt on the Policy. Loans on Policies effected with the Society to the amount of their Surrender Value. Lives assured permitted to reside in any part of the world (except Australia), distant more than 33 degrees from the Equator, free of extra charge. A reduced Scale of extra Premiums for residence within the prohibited degrees. "Whole World Policies" granted upon moderate terms. Payment made of the sum assured, in case of death by Duelling or by the hands of Justice. In case of Suicide, the Policy paid if the life assured is not the party interested; and when the life assured is also the party entitled to the Policy, the amount received for premiums returned. Assignments of Policies registered, and the receipt of Notices acknowledged. A Division of Profits (of which four-fifths are given to the Assured) every five years, and the Bonus applied, at the option of the Assured, either in reduction of the future premiums, as an addition to the Policy, or by an immediate Cash Payment. Personal appearance before the Directors dispensed with; and every facility afforded to parties desirous of effecting assurances. A liberal Commission allowed to persons introducing Assurances. A Prospectus, Form of Proposal, and every information may be had upon application either at the Office of the Society, or to any Solicitor in London or the Country. By Order of the Board, JOHN NETTLETON, Secretary. Y THE LONDON ASSURANCE, INCORPORATED A.D. 1720. FOR LIFE, FIRE, AND MARINE ASSURANCES. Two Members of the Court in rotation, and HENRY KINGSCOTE, Esq. and JOHN TIDD PRATT, Esq. Superintendent, Philip Scoones, Esq. THIS CORPORATION has granted Assurances on Lives for a period exceeding One Hundred and Thirty Years, having issued its first Policy on the 7th June, 1721. Two-thirds, or 66 per cent. of the entire Profits are given to the Assured. Policies may be opened under any of the following plans, viz.: At a low rate of premium, without participation in profits, or at a somewhat higher rate, entitling the Assured, either after the first five years, to an annual abatement of premium for the remainder of life, or, after payment of the first premium, to a participation in the ensuing Quinquennial Bonus. The abatement for the year 1857, on the Annual Premiums of persons who have been assured under Series 1831" for five years or longer, is upwards of 33 per cent. The high character which this ancient Corporation has maintained during nearly a Century and a Half, secures to the public a full and faithful declaration of profits. The Corporation bears the whole EXPENSES of MANAGEMENT, thus giving to the Assured, conjoined with the protection afforded by its Corporate Fund, advantages equal to those of any system of Mutual Assurance. Premiums may be paid Yearly, Half-yearly, or Quarterly. All Policies are issued free from stamp duty, or from charge of any description whatever, beyond the Premium. The attention of the Public is especially called to the great advantages offered to Life Assurers by the Legislature in its recent Enactments, by which it will be found that to a defined extent, Life Premiums are not subject to Income Tax. The Fees of Medical Referees are paid by the Corporation. Every facility will be given for the transfer or exchange of Policies, or any other suitable arrangement will be made for the convenience of the Assured. Prospectuses and all other information may be obtained by either a written or personal application to the Actuary, or to the Superintendent of the West End Office. JOHN LAURENCE, Secretary. |