Towns > Ayr > 1873-1893 - Post office general and trades directory for Ayr, Newton, and Wallacetown > 1884-1885

LIFE ' ASSURANCE SOCIETY.
HEAD OFFICE:
26 St. ANDREW SQl ARi:. EUINBUKGH.
THE SCOTTISH EQU1TAB(,K Mt'K AS ; UK AN riC SOC I KTY combines
the advaiitages of UuquL'silon.-lih' .x ruiitv, l.il.eral cmditions of
assurance, and early participation in Protit^. it is an euntely mutual society,
there being no Shareholders ix al'sdil) any pnrtii>!i <ii' tin. profits. These are-
ascertained at intervals of live yeais, and divided among the Imlders of par-
ticipating policies accofdi'iu to an e^iuitahle arraiigemeiit. which gives a pro-
gressive bonus acconliug to the length of time a jiulicj has been in force. It
is the aim of the Directors to give the .Members the benefit of every real
improvement in the practice of life insurance that is suggested by fxperitiice.
KliVIVAL OF LAPSED POLlt ll'IS.- if tlie assured is in -ood health, a
lapsed policy will be revived at any time within twelve numths after the
date of forfeiture, on payment of the f'leutium in ari'ear, with a tine of live
per cent, upon the Premium if paid v, ithin a iiiDuth after the (iate of forfei-
ture, and an additional two-and-a-half per cent for each further month tliat
shall elapse before payment.
SLTRRENDER OF 'POLICIES. In the case of i'artiripa! tug Policies
effected at the ordinary Tabular lla'es, im which three yeass' piemiums have
been paid, the Minimum Surrender Value is thirty thiee per cent, ef the
Premiums paid, in addition to the value of the Bonus.
FREE OR PAID-UP POLICIES, -[u lieu of Surren(h^r Value, a paid-up
Policy of corresponding amount may be obtained subject to no further pay-
ment of ordinarv Premium.
LOANS TO POLICYHOLDERS are izrauted to an extent not exceeding
the Surrender Value of the Policies, at .-. i.er cent, interest, free of all ex-
pense, and without anv other securit\- than the deposit of the Policies.
HALF-CREDIT OR PREMIU.M f,OAXS.- In the «;ase of Participating
Assurances, the age not exceeding 50, one-half of the Annual Premiums for
the first five years may be retained as a loan, interest at 5 per cent, on the
suras so retained being payable yearly in advance along with the other half
of the Premium.
MARRIED WOMEN S PROPERTY AC i', l,x70. -A married man in I'.ng-
land or Ireland may effect a Policy on his own life f(U- the benefit of his wife,
or wife and children, and the Policy Avill be secured to them free from all
claims of his creditors, in the event of his becoming afterwards insolvent.
The Directors have lately had a new form of Policy prepared with very great
care, which will render it unnecessary to have a trustee specially appointed
to receive the policy moneys, so that the representatives of the assured will
be saved the expense attendant on the legal proceedings for that purpose.
A married woman may also assure her own or her husband's life for her
separate use, under the special provision of this Act.
CLYDESDALE BANK, AYR,
AGENT.