‹‹‹ prev (378)

(380) next ›››

(379)
Insurance Companies.
333
Standard Life Assurance Company — Continued.
This Company is constituted by Act of Parliament ; and the principle of its constitution
is sanctioned by the highest authorities on the subject of Life Assurance.
The Capital of the Company is Five Hundred Thousand Pounds Sterling, besides
which, the Premiums and accumulating interest form an increasing fund, wholly applicable
to the purposes of the Institution.
The business of the Company embraces every kind of transaction in which life is the
contingency.
To persons assuring in connexion with Loan Transactions, either for a short period,
or for the whole of life, the terms of this Office will be found particularly favourable.
To persons assuring as a provision for their Families, or as an investment, who
may wish to secure, as far as possible, the advantages which the system of Life Assurance holds
out, the regulations adopted by this Company for permitting a participation in the profits of
the business will be found peculiarly beneficial ; the practice of the Office in its mode of
division being similar to that of the Equitable Society of London ; while at the same time, as
the Company possesses a subscribed Capital adequate to the most extensive business, the
Assured are relieved from that anxiety which must naturally exist, when they, as under the
system of mutual guarantee, are the parties liable to all the risk of an extended business of
this nature,
A division of profits among the participating Policy-holders was made at 15th Novem-
ber 1835, when the following additions were declared vested rights under Policies of five
years' standing.
Policy opened prior to
Sum in Policy
Bonus Addition
Amount-
£
s.
d.
£
s.
d.
£
s.
d.
1825
Nov.
15.
1000
137
10
1137
10
1826
1000
125
1125
1827
1000
112
10
1112
10
1828
1000
100
...
1100
1829
1000
87
10
...
1087
10
1830
1000
75
...
1075
1831
1000
62
10
1062
10
1832
1000
50
1050
1833
1000
37
10
1037
10
1834
1000
25
1025
1835
1000
12
10
1012
10
The second investigation will be instituted at 15th November 1840, and so on
Quinquennially thereafter.
Persons in expectation of any further benefit, to be realized after a term of years,
or upon survivance of any other life or lives, may provide against loss through death before the
object is obtained, by particular forms of Assurance adopted by this Company, giving to a post-
poned or contingent interest all the security, and nearly the same value, with an absolute
property.
The General Regulations for conducting the business are conceived on the most
liberal principles for the encouragement of Assurance among all classes : — for instance.
No charge is made on parties assuring, under the head of Entry Money, Admission Fee,
or otherwise.
Premiums may be made payable yearly, half-yearly, or quarterly, or upon an ascending
scale, according to the inclination of parties.
Military men are not charged with extra Premiums, unless called into actual service.
Persons whose lives are Assured, are permitted to pass and repass by sea, in time of
peace, from any part of Europe to another, without application being made for such license,
or payment of any additional Premium on account of the same.
No extra Premium is charged for Foreign residence, temporary or permanent, within
the limits of Europe j parties goiirg beyond these limits are Assured on reasonable terms.
.Onerous Assignees to Policies opened by persons on their own lives, when duly admitted
by the Company as the holders, will be considered to stand in an equally favourable situation
as if they had been the original Assurers.

Images and transcriptions on this page, including medium image downloads, may be used under the Creative Commons Attribution 4.0 International Licence unless otherwise stated. Creative Commons Attribution 4.0 International Licence