Towns > Glasgow > 1828-1912 - Post-Office annual Glasgow directory > 1853-1854

134 ADVERTISEMENTS.
In the case of the Policy of £1000 opened before 15th November, 1825, for
instance, as quoted above, assuming the party to have assured at the age of
35, and to be 60 last birth-day, the sum of £463. 7s. 9d. would be given for
a surrender of the Bonus of £873, while the Policy will continue to receive its
share of profits, at future investigations, as if the surrender had not taken
place.
III. Application of the Bonus to the Extinction of Annual Contributions.
A person, aged 45, who assured in 1830 for £1000, has received Bonus Additions
to the extent of £633. He pays a premium of £37. 7s. 6d., but wishes to apply the
Bonus in extinction of the Annual Payment. His age being 65 List birth-day, he can
redeem his future Premiums by surrendering £578. 14s. 9d. of -his Bonus, leaving
£54. 5s. 3d. to be paid along with the sum assured at death, and will receive further
additions at each Investigation he mav survive.
SELECT ASSURANCES.
THE Public are indebted to this Company for the introduction of new and impor-
tant benefits in the practice of Life Assurance. A Standard Policy which has
existed for Five Years is admissible to a class of " Select Assurances;" and in that
class all Policies are unchallengeable on any ground of objection whatever. The
Directors have also made provision, in connection with that class, for relieving the
Assured, who 'have no prospect of going abroad, from the usual irksome restrictions
as to Residence beyond the limits of EErope. Persons lending money on the security
of Pelicies, Marriage Trustees, and, in short, all who rely on the security afforded by
Life Assurance, cannot fail to appreciate these new and important advantages.
A full Eeport on the late Investigation of the Company's affairs and Division of
Profits, can be obtained by application at the Offices or Agencies of the Company.
WILL. THOS. THOMSON, Manager.
BEN. HALL TOD, Secretary.
LONDON, 82 King William Street.
EDINBURGH (Head Office), 3 George Street.
GLASGOW, 35 St. Vincent Place.
FIRE AND LIFE INSURANCE COMPANY.
CHIEF OFFICES— SHEFFIELD, 17 OLD HAYMARKET.
LONDON, 11 CHEAPSIDE. I DUBLIN, 43 DAME STREET.
LIFE DEPARTMENT.
FIRST BONUS.
THE Directors have much pleasure in intimating that at the Annual Meeting of
the Company, held on the 7th instant, a VESTED BONUS ADDITION was
declared on the Sum Assured of all the Life Policies under the participation department
of £1 per Cent, per Annum. The following Table of Examples exhibits the Bonus
Additions made to a few of the Policies in existence at 31st December, 1852 : —