Towns > Glasgow > 1828-1912 - Post-Office annual Glasgow directory > 1898-1899

280 ADVERTISEMENTS.
THE CASE for the
SCOTTISH WIDOWS' FUND
LIFE ASSURANCE SOCIETY |
is that its Policies are Greatly Superior in Intrinsic Worth
and Usefulness to their Holders to Policies in usual form, for
the following Reasons, which speak for themselves.
Fl RST REASON—
DIVISION OF THE WHOLE PROFITS AMONG THE MEMBERS.
The extent of the Beneficial Effect of this feature to the Members is probably-
much greater than is generally supposed, for as the portion of Profits divided
among them during the seven years to December, 1894, amounted to the Large
Sum of £2,064,073, and as the proportion secured to Shareholders usually varies
from a tenth to a third, it follows that
Under the Society's Mutual System
THE SAVING TO THE MEMBERS FOR THE SEVEN YEARS WAS
Deducting 10 per cent. - - £206,407 I Deducting 25 per cent. - - £516,018
Deducting 20 per cent. - - £412,814 | Deducting 33 per cent. - - £688,024
Such being the Savings Effected by the Society's System over so short
a period, it is obvious that even the smallest of them, accumulated over an average
lifetime, Must Amount to an EnormoilS Sum, and that its withdrawal from the
Members could only effect corresponding reductions on their Bonuses without any
compensatory advantage to them whatever, for, of course, Shareholders' Capital
could be of no service to the Society.
SECOND REASON—
THE EXCEPTIONAL WORTH & UTILITY OF THE POLICIES.
They are not only Life Assurance Contracts of the Most Profitable
Description, but are also, by the ' Options ' created, Documents of Known
Value at any Time, affording, in the numerous unforeseen circumstances arising
during the long periods over which Assurances extend, such advantages as Ordinary
Policies cannot.
These 'Options' are probably by far the Most Valuable
Feature ever attached to Life Assurance Policies.
Glasgow Office— 114 West George St.
THOMAS WATSON, Resident Secretary.