Towns > Peterhead (and Buchan) > 1853 - Peterhead almanac and directory

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THE BUSINESS OF THE COMPANY
Embraces every description of risk contingent upon life, more
especially — The granting Assurances for fixed or increasing
sums from £20 upwards, on single and joint lives of all ages,
either for the whole term of life, immediate and deferred, or
for short periods, and with or without participation in profits ;
the sale of Annuities, Immediate, Deferred, or Survivorship ;
and the granting of Endowments.
The following are afeio of the advantages offered hy this
Company ; —
PERFECT SECURITY.— The engagements of the Com-
pany being guaranteed by a large Paid Up Capital and Accu-
mulated Fund, and Proprietary of about One Thousand Part-
ners of influence and respectability.
MODERATE RATES OF PREMIUM.— The varied and
comprehensive Tables of the Company being so framed as to
suit the convenience and circumstances of every class of per-
sons assuring, whether as a provision for their families, or as
a collateral security in pecuniary transactions ; on comparison
with those of other offices they will be found particularly
favourable to the assured.
THE NON-PAETICIPATION SCHEME which is founded
on the lowest rates consistent with perfect safety, and is cal-
culated to meet the views of those who prefer the present ad-
vantages of reduced Premiums to a prospective Bonus, or as a
collateral security in pecuniary transactions.
THE PARTICIPATION SCHEME, in which the profits
wholly belong to the Assured, who are moreover guaranteed by
the Proprietors of the Company against all risk of loss, while
the expenses of management are restricted to TEN PER
CENT, upon the Premiums paid, without any other charge
whatever. It is conceived that this is the only perfect mode
of combining the advantages of a Mutual Assurance Society
with the stability and economy of a Proprietary Company ;
and, judging from the large return of Profits made to the
holders of Policies in this branch at the first and second inves-
tigations, the Assured may look forward to increased advanta-
ges at succeeding periods of division.
The Second Investigation was made on 30th April, 1851,
when a Bonus was declared which averaged from 26 to 68
per cent, on the premiums paid by middle-aged lives.