Towns > Edinburgh > 1838-1846 - Post-Office annual directory and calendar > 1843-44

354 INSURANCE DIRECT ORY.
\_Aberdee?i Fire and Life Assurance Company — Continued.']
The Company grant Assurances under a variety of forms, that is, they have Tables cal-
culated, showing the some uhimate results, but which may be used by persons Insuring ac-
coniing to their different circumstances. Thus —
Assurances may be effected for any limited time, or for the whole duration of life. The
Premiums may be paid yearly, half-yearly, or quarterly. As it is often an object for many
persons to pay off their Premiums within a certain time, instead of having them spread over
every year during which they may live, tables are computed to show tlie amount to be paid
in one payment, in 5, 10, 13, or 20 years : For/ example, a person, at the age of 25, may secure
i£2i'00 at death, by payment of £38, Is. 8d. per annum during his life, or by payment of
£\al, 3s. 4d. for Jive years; £88, 13s. 4d. for ten years; £66, 18s. 4d. for JiJ teen years ; or
£36, 6s. 8d. for twenty years; the Premiums at the end of these periods absolutely ceasing.
(See Table A.)
PARTICIPATION IN PROFITS.
To those desirous of participating in the Profits of the Company, while they are secured
from all risk by its Capital, the moderate Premiums required, (See Table C.) and the great
prospective advantages which are certain to accrue, present inducements of the most substan-
tial nature. The whole Prcjiis resulting from this department will be divided among the
Policy Holders, except a small proportion which the Directors will apply to the expense of
management.
The Sum Assured may be made Payable in the Lifetime of the Party ; thus a person
aged 23 may secure £300, to be payable to him whenever he reaches 60, or to his representa-
tives, should he predecease that aiie, by payment of £12, 17s. Id. per annum. (See Table
D.) The advantages which attend this last form of the contract of Insurance are too evident
to require mucli illustration ; but it may not be out of place to point out a few of tliem. It
euibles a Creditor in-uring his Debtor's life, in order to secure a past due debt, or a present
advance of money, to calculate with certainty on recovering his debt, or receiving re-payment
of his advance at aji.redperi<d; and while, in so far as the assured himself is concerned, this
system has all the advantages of the ordinary forms of Assurance, it possesses this peculiar
feature, of enabling every one, however limited his income may be, by the appropriation of a
portion of it yearly, during his years of health, strength, and active exertion, to provide for the
support oi himself, as well as those who may be dependent on him, during his declining years.
FAMILY SETTLEMENTS.
Assurance is most particularly advantageous in such matters, and maybe made of great con-
sequence to the Husband, where it is his desire to receive payment of his Wife's portion at
Marriage, instead of having it vested in Trustees, to be applied at his decease for behoof of
the family. By devoting part of his income to the payment of Premiums, this may be easily
accomplished, or by having the sum assured made payable at the decease of either his wife or
himself, he secures, at a small increased outlay, the chance of receiving the Insurance, in addi-
tion to the Marriage portion.
Assurances, at the same time, may be applied with equal benefit to persons in every grade
of life, and to none more advantageously than to Professional Men, and Heirs of Entail; in-
deed, to all those whose Incomes cease with their existence.
LOANS are granted upon the Security of Life Policies, immediately upon their being
effected; and to Heirs of Entail, upon the Security of the Rents of their Estates.
ANNUITIES. — It is to be regretted that, in many instances, Annuity Offices have com-
menced business with Tables which have not been calculated according to the actual rate of
Mortality, and without having One ShiUing of Capital to make good any deficiencies which
may arise. Numerous Bankruptcies have, in consequence, happened. This Company offer
to the pubhc Annuities as high as the nature of their Investments will justify, while their sub-
- scribed Capital and large Sinking Fund afford a sufficient guarantee for the settlement of every
claim. A Male, 30 years of age last birthday, would receive £7, 16s. lOd. ; at 60, ^9, 13s. 3d.
per annum for every £100 — while Females, at the same ages, would get £6, 17s. 8d., and
£8, 8s. yd. If the Annuity be payable half-yearlv, a small deduction is made.
- SURVIVORSHIP ANNUITIES are alio sranted on hberal terms.
ENDOWMENTS TO CHILDREN.— By setting aside the trifling Annual Premiums
which are required. Parents secure for their sons sums sufficient to enable them to begin life —
tc their Daughters, Marriage Portions.
The Premium to secure £300 to a child under one year of age, when it arrives at 21, is
£13, 13s. per annum. If the sum is to be paid at 18, it is £17, 13s. 4d. iContinued.