Towns > Glasgow > 1828-1912 - Post-Office annual Glasgow directory > 1886-1887

150
ADVERTISEMENTS.
MUTUAL LIFE ASSURANCE.
SCOTTISH PROVIDENT INSTITUTION.
HEAD OFFICE-e ST, ANDREW SQUARE, EDINBURGH.
LONDON OPFICE-17 KING WILLIAM STREET, E.G.
GLASGOW OFFICE-29 ST. VINCENT PLACE.
^HIS SOCIETY DIFFERS IN ITS PRINCIPLES FROM OTHER OFFICES.
INSTEAD of charging rates higher than are necessary, and afterwards returning the excess in
the shape of periodical Bonuses, it gives from the first as large an assurance as the Pre-
miums will with safety bear — reserving the Whole Surplus for those who live long enough to
secure the Common Fund from loss.
A Policy for £1200 to £1250 may thus at most ages be had for the Premium usually
charged for £1000 only ; while, by eeseeving the Surplus, large Additions may be
looked for on the Policies of those who participate. At last Investigation Policies for
£1000 sharing a first time were increased to sums ranging from £1170 to £1300.
Other Policies were raised to £1400, £1700, and upwards.
Its Teems are thus specially adapted to the case of Provisions in Family Settlements, or
otherwise, where it is of importance to secure, for the smallest present outlay, a competent i
provision of definite amount in the case of early death. j
Annual Premium for £100 at Death (with Profits).
Age.
1 25 30
35 1 40 1 45 1 50
During Life.
21 Payments.
£1 18
2 12 6
2 1 6*
2 15 4
2 6 10
3 2
2 14 9
3 7 5t
3 5 9
3 17 6
4 1 7
4 12 1
* A person of 30 may thus secure £1000 at Death by a yearly payment, during life, of £20 15s., whieh j
would generally secure elsewhere about £800 only. I
f At age 40, the Premium ceasing at age 60, is for £1000 £33 14s. 2d. — being about the same as most
Offices require to be paid dm-ing the whole term of life.
The New Business has, for several years, exceeded a Million annually.
The Expenses of Management (under 9 per cent, on Premiums, and under 6 per cent, on Total
Income) are greatly under those of any Institution doing a large amount of New Business.
The Realized Funds now exceed ^5,300,000.
Obly two Offices in the Kingdom (both much older) have as large a Fund.
Fidl Statements of Peikciples will he found in the Annual Eeports, which may be had on
application.
29 St. Vincent Place,
Glasgow, April, 1886.
W. D. MAIN,
Resident Secretary.