Towns > Glasgow > 1828-1912 - Post-Office annual Glasgow directory > 1862-1863

ADVERTISEMENTS. 1 ;iO
9. Advances made on Policies, to the extent of the security they afford, when the value aoiounts to X50
and upwards.
10. No Entry-Money or other charge ; and Policy Stamp paid by the Office.
NEW AND IMPORTANT ADVANTAGES.
To meet the exigencies of parties, and to render the benefits of Life Assurance more generally available, the
Directors have adopted the following new and important principles : —
1. APPLICATION OF TROFITS TO THE PDKCIIASE OF AN ANNUITY.
By this system a party not only secures the payment of the sum in the event of his death before age 65, but
at his option he may convert the Policy with its Bonuses into an equivalent Annuity commencing at 65.
2. HALF-PREMIUM SYSTEM.
By which a party may secure all the benefits of the Half-credit System, and keep the Policy free from the
burden of debt.
3. DOUBLE INSURANCE SYSTEM.
By which, for a moderate uniform Premium, a Policy may be secured, which will increase each j'ear until, ia
20 years, the sum in the Policy is doubled This system is particularly advantageous to young lives.
For further explanation of these new principles, and for the Rates applicable thereto, see the Company's
Prospectus.
ANNUITIES.
1. Immediate Annuities are granted on favourable terms.
2. Deferred Annuities, to commence at any specified age, may be secured, either with or without
return of Premium.
3. Survivorship Annuities may be secured, with or without return of Premium.
REVERSIONARY INTERESTS.
The Company are ready either to purchase reversionary interests and Life Rents, or to make advances on
them to the extent of the security they afford.
The Life Department of the Company is entirely separate from thai of the Fire, the Funds of the one not
being in any loay ajfected by the losses or profts of the other, except that tie Accumulated Funds of the Fire
office are liable to pay the obligations of the Lfe Department.
FIRE INSURANCE.
The Company Insures against Loss or Damage by Fire all descriptions of Buildings, including Mills and
Manufactories, and the Goods, AVares, and Meichandise in the same ; Ships in harbour or in dock, and
Farming Stock of all descriptions, at the lowest rates of Premium corresponding to the risk.
The Rates of Annual Premium on the Three Ordinary Classes of Insurance are : —
Common, Is. 6d. ; Hazardous, 2s. 6d. ; Doubly Hazardous, 4s. 6d.
with ct.tain exceptions.
Rents of Property Insured on the same terms as the Buildings.
Farm Stock and Crop Insured, without the average clause, at 5s. per cent, (free of Duty), and Loss and
Damage by Lightning thereon made good.
The Company holds itself responsible for Loss and Damage occasioned by Explosion of Gas, such Explosion
aking place within Buildings on, or in which, this Company has hisurance.
No charge is made for Policies when the Sum Insured amounts to £300 ; or for Transfers from other Offices.
LOSSES SETTLED WITH THE UTMOST PROMPTITUDE AND LIBERALITY.
Prospectuses, containing Tables of Rates, and every other information, may be had at any of the Company's
Offices or Agents.
DAVID SMITH, Manager. JOHN OGILVIE, Secretary.
GLASGOW BOARD OF MANAGEMENT
JAMES STEVENSON, Esq, Writer, Chairman.
JAMES SMITH, Esq., Architect.
JAMES ANDERSON, Esq., Merchant.
JAS. A. CAMPBELL, Esq., Merchant.
JOHN MATHESON, Jun., Esq., Merchant.
ROBERT ARMOUR, Esq., Merchant.
PETER COATS, Esq., Woodside, Paisley.
G. W. SNODGRASS, Manager.
W. D. JOHNSTON, Secretary.
Office— 102 ST, VINCENT STREET,