Towns > Glasgow > 1828-1912 - Post-Office annual Glasgow directory > 1865-1866

MUTUAL LIFE ASSURANCE.
THE CORPORATION OF THE
Scottish Provident Institution
Head Office.
6 ST. ANDREW SQUARE,
Edinburgh.
London Branch.
66 GRAGEGHURGH ST.,
E.C.
Tlie only Office which, combines the Benefit of Participation in the
WHOLE PROFITS WITH MODERATE PREMIUMS.
I
N THIS SOCIETY alone the Members obtain Assurances having
right to share in the Wliole Profits, at Premiums equally moderate with
the non-participating scale of the Proprietary Companies. This can be
effected not only with safety, but with ample reversion of Profits to the
Policy-holders, being free from the burden of Dividends to Shareholders.
In other Offices a person may assure at Premiums as low, but without
any prospect of additions to the original assurance : Or, he may obtain
the right to Profits, but only by payment of excessive Premiums.
i TS ADVANTAGES, then, as compared with other Offices, are : —
A greatly larger original Assurance for the same Premium, and
eventually, to good lives, as large Additions as where the ordinary
high rate of Premium is chaiged.
For the same yearly sum as large an Assurance may be secured from the
first as can be looked for elsewhere only after many years' accumulation of
Bonuses. Thus, a Policy for £1200 or ^1250, with right to Profits, may
generally be had for the Premium which is usually charged to secure ^1000
only.
THE WHOLE PROFITS, moreover, are secured to the Policy-holders
themselves, and are divided on a system which is at once safe, equitable, and
peculiarly favourable to good lives. Instead of being given among all Policies
indiscriminately — including those which have subsisted only a few years, and
on which there may eventually be a heavy loss to the Common Fund — they
are reserved for those Members who alone can have made surplus payments ;
in other words, for those whose Premiums, with accumulated interest, amount
to the sums in their Policies.
Above 14,000 Policies have been issued. The Subsisting Assurances
are more than 4I Millions. The Realized Fund, arising entirely from
accumulated Premiums, considerably exceeds a Million, all invested in un-
exceptionable securities in this country.
Full information may be h.ad at the various Offices or from the Agents.
JAMES WATSON, Manager.
HEAD OFFICE, 6 ST. ANDREW SQUARE, EDINBURGH.