Towns > Aberdeen > 1848-1854 - Post-office directory > 1849-1850

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NORTHERN ASSURANCE COIPANY,
Incorporated by Act of Parliament,
(Formerly "NORTH OV SCOTLAND ASSURANCE COMPASS.")
HEAD OFFICES :
ABERDEEN-3, KINC STREET.
EDINBURGH— 20, ST. ANDREW SQUARE. | GLASGOW— 19, ST. VINCENT PLACE.
LONDON-!, MOORGATE STREET.
GENERAL BOARD Or DIRECTORS.
Dr. John Chuickshank, Marisctial College, Cliairman.
William Adam. Esq. of Ranna: John Duncan, Esq., Manutaci.iiver
Thomas Blaikie, Esq., Merchant. Peter Williamson, E3q.. Merchant.
Francis Clerihew, Esq., Advocate. John Yeats, Esq., Advocate.
LIFE DEPARTME NT.
The followinq features peculiarly distinguish the Constitution and Practice of
this Corporation : —
The Exemption of the Assured from the liability of Partnership, by the security of alarge
paid up Capital, and a Proprietary upwards of ONE THOUSAND in number.
The Guarantee afforded by the character and past success of this Company (as oF all
other Scotch Life Companies of equal standing), that whilst the interests of the Policy-
holders will be protected from tho dangers to which inexperience or improvidence in tho
management may expose them, they will also be Secured in all tho benefits of which tho
system of Life Assurance is susceptible.
The Division among the assured in the Participation Class of the ENTIRE PROFITS
realized upon this Branch under deduction only of lOpcr Cent, for expenses of Management.
The removal of many of the Restrictions usually imposed on tho assured with respect
to Residence and Sea Risk in various parts of tho World, and tho adoption of a greatly re-
duced Scalo of Extra Premiums for Tropical Climates, founded on the most correct obser-
vations which exist.
The allowance of a liberal surrender value when parties aro unable to continue the pay-
ment of the Premiums of their Policies.
The adoption of all and the extension of many of the privileges and facilities commonly
allowed to Policy-holders in effecting and maintaining their assurances.
THE RATES
Of the Company have been calculated from the most authentic probabilities of human life,
and at almost every age, are more favourable for Assurers than those of the great majority
of Offices.
Dl VI SION OF PROFITS.
At the First Investigation intotlie Company's affairs made on tlic 30th April, IS4D,
ONE AND A QUARTER PER CENT. PER ANNUM was added to all
Policies opened on tlte MUTUAL OR PARTICIPATION BRANCH, prior
to said date, a Bonus equivalent as a reversionary addition to from ndrty-fim
to Fifty-four per Cent, upon tlie Premiums payable by middle-aged Lives. The
following Table shews the effect of the Bonus upon Policies of £10i '> :—
Date of Policy
prior to
Sum in
Policy.
Bonus.
Sum in Policy.
Per Centage of
Bonus on
Additions.
Sum Assured
1837, April 30,
£1000
£125
£1125
12*
1838
1000
112 10
1112 10
"I
1839, . ... .
1000
100
1100
10
1840, ....
1000
87 10
1087 10
8§
18*1,
1000
75
1075
7JL
1842
1000
62 10
1062 10
«i •
1813, ....
1000
50
1050
1844, ....
1000
37 10
1037 10
3J
1845, ....
1000
25 0'
1025
1846, ....
3000
12 10
1012 10
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