Towns > Glasgow > 1828-1912 - Post-Office annual Glasgow directory > 1854-1855

164 ADVERTISEMENTS.
years, however, indeed since 1851, when this Company promulgated the system of
" Select Assurance," admission to which renders Policies indisputable and unchallenge-
able on any ground whatever, the question of "Terms and Conditions" has become a
most important point of consideration, and the day is quickly approaching when no
one will hold a Policy from an office which does not give similar advantages. What
a boon is it to heirs of Entail, to Borrowers of all description, to Marriage Trustees,
in short to all classes, to know, that whatever may happen, wherever the Assured may
go, the claim will be met at death, subject to one simple condition, that the annual
premium originally stipulated be punctually paid !
ADVANCES ON THE SECURITY OF POLICIES — AND SURRENDERS.
The Directors have also been led to consider the position of the Assured with refer-
ence to Loans on the Security of their Policies, and to Surrenders. In both these
respects, they have lately adopted rules of the most liberal character, allowing sur-
render value on Participating Policies from the commencement of the Assurance, while
the same sum which would be given for surrender will be given in loan without expense
beyond the trifling stamp duty, and at a rate of interest which securities on land alone
command. Thus at present the rate is 4 per cent., and the Directors have followed
this course on the simple and unanswerable view, that the loan, being on the security
of a Policy with the Company, and within its value, should not be subject to a higher
rate of interest than landed securities. With these facilities, no Policy need be for-
feited, except by carelessness, so long as the Assurance is of sufficient value to autho-
rise an advance equivalent to the Premium.
WILL. THOS. THOMSON, Manager.
GEORGE TODD, Secretary.
Edinburgh, 3 George Street.
EDINBURGH
LIFE ASSURANCE COMPANY.
HEAD OFFICE, 22 GEORGE STREET, EDINBURGH.
ESTABLISHED IN 1823.-INCORPORATED BY ACT OF PARLIAMENT.
CAPITAL, £500,000.
OFFICE IN GLASGOW 59 ST. VINCENT STREET.
Medical Adviser Dr. Pagan.
AGENTS.
Messrs. KNOX & GUILD, Accountants, 59 St. Vincent Street.
Mr. D. LOCKHART, Writer, 36 Renfield Street.
THE Company was established in 1823, and has been incorporated by Act of Par-
liament, for the purpose of carrying on the business of Life Assurance in all its
branches, on the most liberal and approved principles. The success which has attended
the Company since its commencement, and its annually increasing prosperity, is a
gratifying proof that the principles upon which it is founded are calculated to confer
great benefits on Assurers.
The following are the principal advantages given by this Company : —
Mutual Assurance, without liability.
The guarantee of a responsible body of Proprietors, either personally or otherwise,
assured with the Office, affords the most undoubted security to all classes of
Assurers.
Nine-tenths of the whole Profits Septennially divisible among the Assured.
This is a larger proportion than can ever be divided by any simple Mutual Assur-
ance Society.
An Intermediate Bonus paid on Policies becoming Claims between one Investiga-
tion and another.
All the advantage of an Annual division is thus given, without its attendant evils.