Page:Statesman's Year-Book 1871.djvu/797

 Advertising Sheet. 761

MUTUAL LIFE ASSURANCE.

HEAD OFFICE— 6 ST. ANDREW SQUARE, EDINBURGH. LONDON OFFICE— 18 KING WILLIAM STREET, E.C.

TRUSTEES

ALEXANDER MATHESON, Esq. of

Ardross, M.P. CHARLES COWAN, Esq. of Logan

House, Edinburgh

JAS. A. CAMPBELL, Esq. Younger,

of Strathcathro, Glasgow. CHARLES LAW SUN, Esq. of Borth-

wickhall, Edinburgh,

ELWARD S. GORDON, Esq. Advocate, Q.C., M.P.

THE SCOTTISH PROVIDENT INSTITUTION is the only Office which combines the advantages of Mutual Assurance with Moderate Premiums.

Instead 01 charging rates admittedly higher than are necessary, and after- wards returning the excess, or a portion of it, in the shape of periodical Bonuses, it gives from the first as large an assurance as the Premiums will with safety bear — reserving the Whole Surplus for those Members who have lived long enough to secure the common fund from loss on account of their individual Assurances.

A Policy for ±1,200 to £1,250 may thus at most ages be had for the Premium elsewhere charged to assure ±1,000 only ; while the effect of reserving the Surplus (instead of sharing it with all indiscriminately) has been, that Policies originally for £1,000, which have shared at three Septennial Investigations, have already been increased to ±1,400, ±1,600, and even to ±1,800.

FAMILY PROVISIONS ,-SrECIAL ADVANTAGES TO PROFESSIONAL MEN.

Its Terms are thus well calculated to meet the requirements of intending Assurers. Tney are specially adapted to the case of Provisions under Pamily Settlements or utherwise, where it is of importance to secure from the first, for the smallest present outlay, a competent provision, of definite amount, in the case of early death.

To Professional Men or others whose income depends on the continuance of health, the system of Assurance is recommended by which the Premiums are limited to a specified number. At age 40, the Premium, ceasing at age 60, is for ±1,000, with profits, ±33 14s. 'Ad., being about the same as many offices require during the whole of life. The Rates for other ages, or limited to other periods (as 7 or 14), may be had on application.

The Administration has uniformly been liberal — as in relaxation of restrictions, and in removal of grounds of challenge, etc. Members (not seafaring) are free to reside in any part of the world (Asia excepted) to the north ot 35 J N. and to the south ot 30 J S. When extra premium is charged (as for India, etc.), its payment, under the distinctive system of the Office, secures the important advantage of earlier participation in profits.

FINANCIAL POSITION, The Realised Funds exceed ±1,750,000, having increased in last year by £137,000. jN 01 withstanding the lowness of its rates, no office of the same age has as large a Fund. According to statistics published by the ' Insurance Register,' only one of the oldest offices shows as large an increase of Funds in the last lour years ; and in no instance has there been as large a proportionate increase. Copies of last Annual Report, with every information, will be furnished on application.