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Established in 1809, and Incorporated by Royal Charter.
Most Noble the Marquis of Abercorn. | Right Hon. the Earl of Camperdown.
THE system adopted by this Company gives to the Assured every advantage Life
Assurance is capable of affording, and combines the benefits of Mutual Assur-
ance with the guarantee of a Capital of One Million, fully subscribed, besides a large
accumulated Life Assurance Fund. The whole Profits, after reserving one-tenth for
the Guarantee, are divided amongst the Assured, each Policy drawing in proportion
to the sum insured, and the number of Annual Premiums paid during the period of
division, previous Bonuses being reckoned additions to the Sums insured, and, as such,
entitled to participate. The Profits are divided septennially, and a prospective Bonus
declared in favour of such Policies as may become Claims during the septennial
period, thus giving the advantage of an Annual Division without its disadvantages.
Facilities and Advantages afforded by the Company in the Life
1. Policies, on proof of age, indisputable on any ground whatever after the lapse of
five years.
2. Certificates granted on application declaring Policies exempt from pa3 T ment of
extra premium for travelling or residing beyond the limits of Europe, or for entering
into Military or Naval Service, and from the necessity of appl3'ing for License to do
so, from and after the expiry of five years from their date, provided it shall be shown
to the satisfaction of the Directors that the Assured have, at the time of the applica-
tion, no intention or prospect of going abroad, or entering into Military or Naval
3. Permission to pass and repass in time of peace from one part of Europe to another,
by Sea or Land ; and no extra charge for residence in British North America, the
Cape, Australia, and parts of the United States, nor License required, except for the
4. Premiums moderately rated at all ages, and so adjusted as to suit the objects
and convenienee of parties ; and the Sums insured may be made payable to the party
himself on attaining a specified age, or to his heirs or assignees at his death ; or, alter-
natively, to himself on attaining the specified age, or to his heirs or assignees, if he
should die earlier.
5. One-half of the Premiums may remain on credit for the first five years ; or
one-third during the convenience of the Assured, interest being paid on the portion
on credit.
6. Bonuses may at any time be commuted for a Cash Payment, or applied in reduc-
tion of future Premiums ; except in cases of Policies of less than five years' standing,
issued on an ascending scale of rates ; and on the Credit system, if the debt be not
7. Liberal allowance made for the surrender of Policies upon which three Annual
Premiums have been paid, when parties wish to discontinue them.
8. Advances made on Policies to the extent of their acquired value.

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