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334 * Insurance ComjMnies,
standard Life Assurance Company — Continued.
Assurances of fixed sums, for limited periods, and on the various combinations of Joint
Lives and survivorships, as well as Immediate and Deferred Annuities and Endowments, can
be effected on moderate and advantageous terms.
WILL. THOS. THOMSON, iJfflwfffrer.
Standard Life Assurance Office,
Edinburgh, 1839.
Every information connected with the business of Life Assurance and Annuities may be had
at the Company's Office, Edinburgh, or from any of their Agents in
Scotland, England, and Ireland.
THE SCOTTISH PROVIDENT INSTITUTION,
FOR THE ASSURANCE OF
CAPITAL SUMS AND ANNUITIES ON LIVES & SURVIVORSHIPS,
qONSTITUTEP ON THE PKINCIPLE OF
MUTUAL ASSURANCE, WITH THE LOWEST RATES CONSISTENT
WITH SECURITY, & PROVIDING FOR AN EQUITABLE DIVISION OF THE
WHOLE PROFITS AMONG THE ASSURED.
p. f No. 16, SOUTH ST. DAVID STREET, EDINBURGH.
UFFicES, I j^^^ ^Q^ VIRGINIA STREET, GLASGOW.
'T^HE design of this Institution has been to combine the several advantages of the systems
-■- formerly in use.
Until its establishment, a person proposing to effect an Assurance'must either submit to see
the profits of the transaction go to raise the shares of a Proprietary Company, or in joining
a Mutual Assurance Company, he must consent to pay a rate of premium confessedly much
higher than was proved by the experience of these offices themselves to be adequate to the
risk of his assurance.
The following are the distinguishing features of this Institution : —
The Premiums for young and middle ages will be seen from the annexed examples to be
on an average one-fourth lower than those of most other offices, which divide their whole
profits among the assured. At the age 20, for instance, the premium charged by such offi-
ces is higher than in this at the age 30 ; while no Entry -muneiu which generally forms a
heavy addition to the first year's payments, is required by this office.
The whole Profits are divisible among the Mem.bers ; and the Directors would solicit at-
tention to the principle which is adopted in their distribution. — This scheme was devised
by their late eminent Manager, Mr James Cleghorn, Accountant, whose experience in such
matters exceeded that of any other Actuary in Scotland ; and intending- assurers are re-
spectfully requested to compare it with the plan followed by other offices — The Swplus is
reservedfor the benefit ofthosefrom whose longer payments it has been raised, instead of being
frittered away among Policies of only a few years' standing, and on which, instead of profit,
there must be a great loss to those who survive. It is manifest that this arrangement, while
it is most equitable, is also most favourable for good lives, as a surplus, comparatively small in
itself, must obviously afford a large Bonus for the classes to which it will be appropriated.
Every facility will be afforded in the transaction of business ; and tlie Directors feel confi-
dent that, in addition to the advantages which are peculiar to the Scottish Provident In-
stitution, its provisions in every other respect will be found as liberal as is consistent with
a due regard to security.
Annuities — Immediate and Deferred — granted on very favourable terms.
For further information, reference is made to a General View of the Principles, whichj with
all necessary parlicidars, may be had on application at the Offices in Edinburgh and Glasgow,
or from any of the Agents in the Country,
JAMES WATSON, Manager.
Edinburgh, May 1839.

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