Towns > Aberdeen > 1840-1846 - Bon-accord directory > 1841-1842

ADVERTISEMENTS.
PALLADIUM LIFE ASSURANCE SOCIETY.
7 WATERLOO PLACE, PALL-MALL, LONDON ; 24, QUEEN STREET,
EDINBURGH ; AND 96, UNION STREET, ABERDEEN.
INSTITUTED, 1824.
Directors.
Joseph Esdaile, Esq.
Sir Tho. F. Freemantle, Bart ,
M.P.
James Murray, Esq.
Samuel Skinner, Esq.
PatrickMaxwell Stewart, Esq.
Sir William Young, Bart.
George Arbuthnot, Esq.
Sir John Barrow, Bart., F.R.S.
Col. William Bodycott Davis.
Lord Wm. R. K. Douglas, F.R.S.
Right Hon. Sir Edward Hyde
East. Bart., F.R.S.
Neil Be'nj. Edmondstone, Esq.,
F.R.S.
Auditors— James W. Bosanquet, Esq. ; Charles Elliot, Esq. ;
Henry Harvey, Esq.
Bankers — Messrs. Bosanquet & Co. ; The London and Westminster
Bank.
Agents for Edinburgh — Messrs. Shand, Calder, & Farquhar, W.S.
Bankers for Scotland — The National Bank of Scotland, Edinburgh ; and
Branches.
Resident Secretary and Actuary — Nicholas Grut, Esq.
Agent for Aberdeen— ROBERT SMITH, Advocate.
Medical Officer for Aberdeen— ALEXANDER HARVEY, M.D.
THF, Rates charged by this Society, for Assurances, without
participation in Profits, will bear a comparison with those of other
Offices of equal respectability and resources. Some of these Rates are
peculiarly favourable. An example (Table No. V.) may be selected, the
sum Assured being £100 :—
Age.
Annual
Premium.
Age.
Annual
Premium.
Age.
Annual
Premium.
51
52
£4 2 1
4 5 2
53
54
£4 8 8
4 12 8
55
56
£4 17 3
5 2 4
In the Participation branch of its business, this Society has been very
successful ; the strongest evidence of which will be found in the fact that,
at the last Septennial Division of Profits, declared up to 31st December,
1838, the average additions made to the Policies entitled to participate,
amounted to about 43 per cent., or nearly one-half of the whole
premiums paid. Similar benefits may be anticipated at next Septennial
Division of Profits, on 31st December, 1845.
The attention of the public is particularly requested to a new principle
of Life Assurance, by which important advantages may be secured. This
principle is that of assuring the payment of a specific sum, to the Insured
himself, at any age, the sum insured being payable to the party's Representa-
tives, should he die before attaining that age.
To persons possessing an income derivable solely, or in great part,
from mercantile, professional, or officialemploy ment, from the labour of
which they naturally contemplate to be relieved during their declining
years, this mode of Assurance is specially adapted. Parents may thus be
enabled to make ppsitive pecuniary arrangements for settling their Chil-
dren in life, on the attainment of any given age ; and Creditors, requiring
this species of security from their Debtors, may calculate to a certainty
on the day of payment.
The Society advances money, on approved Personal or Heritable Se-
curity, combined with a Life Assurance ; and on redeemable Annuity,
on the security of Entailed Estates. The rate of Interest charged on
ordinary loans is Five per cent., and when the security continues unex-
ceptionable, the principal may be allowed to lie undisturbed for years.
The Society's Tables, and every information regarding Life Assurance,
may be obtained on application to
ROBERT SMITH, Advocate, 96, Union Street,
AGENT FOR ABERDEEN.