The Sun.
London, England, 1869-04-27 00:00:00

CLERICAL. MEDICAL, AND GENERAL
LTFE ASSURANCE SOCIETY.
13, ST. JAMES'S SQUARE, LONDON, S.W.

CHAIRMAN.
Right lion. John Robert Mowbray,

DEPtiTY-CHAIIIMEN.
William Bowman, Esq., F.R.S.
Sir Charles Locock, Bart, D.C.L., F.R.S.

Extracts from the Report of the Directors, presented at
the Am.ual General Meeting held on the 27th November,
1868:

1. The sum of £412,345 was proposed for Assurance, of
which £307,395 was completed at Premiums pro-
ducing £10,067 per Annum.
2. The amount pail under Claims by death was .£100,853,
being the smallest since 1860, whilst the expenses of
manlgement and all other outgoings wore even less
than fur many years past.
3. On the other band, the Income was raised to £219.769,
notwithstanding that its increase was retarded by
abatements of premium which did not take effect in
the previous year, and by the cessation of interest on
the large sum paid as Bonus in 1867.
4. The Surplus income was very considerable. It
amounted to £93,152, a sum exceeding by more than
£B,OOO any previous Surplus during the forty-four
years of the Society's existence.
5. The Accumulated Fund was thereby increased to
£1,598,906.

The following are among the distinctive features of the

•
society
CREDIT SYSTEM.—On any Policy for the whole of
Life, where the age does not exceed 60, one-half of the
Annual Premiums during the past five years may remain
OD credit.
ENDOWMENT ASSURANCES may be effected,
without Profits, by which the Sum Assured becomes pay-
able on the attainment of a specified age, or at death,
whichever event shall first happen. •
INVALID LIVES may bo assured at rates proportioned
to the increased risk.
PROMPT SETTLEMENT OF CLAIMS.—Claims paid
thirty days after proof of death.
Tables of Rites and Forms of Proposal can be obtained
of any of the Society's Agents, or of
GEORGE CUTOLIFFE, Actuary and Secretary.
13, St. James's-square, London. S.W.

ABSOLUTE SECURITY POLICIES, UN-
FORFEITABLE, UNCONDITIONAL, and UN-
CIIALLENGEABLNI, issued by the PRUDENTIAL
ASSURANCE COMPANY, 62, Ludgate-hill, London,
E.C. Established 1848. _ _ _

The Directors of this Company, in deference to an ob-
jection not unfrequently urged by persons invited to as-
sure. that Hie ordinary mode of Life Assurance is in their
opinion defectivo or uncertain, by reason of the operation
of the customary conditions, have resolved to p-omulgfito
the present Tables, and to issue Assurances under them
which shall be absolutely Unforfeitable, Unconditional,
and Unchallengenble.
_

For the reason referred to, many persons hesitate or
decline to assure on the ground that, in the event of in-
ability or unwillingness to continue payment of their pre-
miums, the Assurance will become forfeited. To this
eass of the public the system now introduced will espe-
cially commend itself, being entirely free from all condi-
tions of forfeiture on account of non-payment of premium,
or from any other cause whatever; while at the same
time it absolutely guarantees at decease, when even a de-
fault is made in payment of the premium, a fixed sum in
respect of every premium paid, bearing the same propor-
tion to the total amount assured as the number of pre-
miums actually paid may bear to the whole number origi-
nally contracted to be paid.
Besides this important advantage, every policy will ex-
pressly state what sum can at any timo be withdrawn on
the discontinuance of the assurance. _ _

The assured will thus always have the option of retain-
ing either an ascertained fixed sum payable at decease,
or, in case of need, of withdrawing a certain amount, ac-
cording t ) the duration of the Policy, such amounts being
set forth on every Policy, and rendering unnecessary any
future reference to the Company on these points, as is the
case with ordinary assurances.
Creditors assuring the lives of debtors will appreciate
this feature as one greatly protective of their interests, and
it will likewise commend itself to bankers, capitalists, and
others who aro in the habit of making advances collaterally
secured by Life Policies, as they can at any time learn, by
mere inspection, the exact value, either immediate or re-
versionary, of a Policy of this description.
Every Policy issued on this plan will be without any
conditions as to voyaging, foreign residence, or other usual
limitations. By this freedom from restrictions of all kinds
the objections before referred to will be entirely removed,
and the Policies will become at once positively valuable as
actual securities.
In addition to the foregoing statement of advantages,
the number of premiums is strictly defined. The longest
term provided for is twenty-five years, and the shortest
five years, as shown by the Tables. Thus, bankers, credi-
tors, and others holding policies of this class as security,
may always know the utmost amount they may be called
upon to advance so as to maintain the full benefit of the
Assurances—a matter of great importance where policies
are held as collateral security.
It is only necessary to add that, as a consequence of the
policies under these tables being unforfeitable and uncon-
ditional, they will also be unchallengeable on any ground
whatever. They may therefore be aptly termed Absolute
Security Policies.
The PRUDENTIAL ASSURANCE COMPANY pos-
sesses an income of £215,000 a year. Its position is un-
questionable, and it obtains the largest amount of new
business of any office in the Kingdom. SPECIAL
AGENTS WANTED.
HENRY HARBEN, Secretary.