The Sun.
London, England, 1845-04-26 00:00:00

10DROMOTElt. LIFE ASSURANCE and AN-
-a- •

ITY COMPANY,
9, CHATHAM-PLACE, BLACKFRIARS, LONDON.

This Society is supportFAedtbay9asnitelipnlelBs2utscri
considerable accumulated premium fund. profits,
or prO ,
Assurances are effected at a low rate of remiurn,
the profits of the
or at an Increased premium, withP
participation
in
Office. ..
4the pre-
A Bonus In ready money, at the rate of 15 per cen—
,,,i ofon bout 30
miums received (equivalent to a reversionary bon-- about
im on
per cent.) was declared in May, beneficial Poc•
1842, on all the December
which three annual premiums had been paid in
previous.
-re and the hold-
A division of the profits takes place every five Ye'''
era of beneficial policies can receive their bonuses in ready
redactionnrieyor
or in
have them applied in augmentation of their policies'
of their future premiums
~ e sum, in
Assurers may contract to pay their Premiums eiiiie` Quarterly pa
bed Capl*-1,..., and by a
a given number of payments, in annual, half-yearly''
er -
ments, or on the ascending or descending scale.
Officers of the Army and Navy, on active service,
sing
limits of Europe, are also Assured at moderate rates.
obtained at the
Prospectuses and all necessary information ma)"
inthertD, Secretaxy.
MICHAEL Sd.t.::_____---.
Office. Persobensyoanfildietthede
with chronic and other diseases, and such as are g

BRITANNIA LIFE ASSURANCE
:J.-.1-_-------------- CM-
PANY, I, Princes street, Bank, and 448, West StrandO, Lon-
don, March 1, 1'845;
capitol of the
. Notice is hereby given, that in pursuance of a resolution passed
esthtaatblsiushcehdßornanteehrniisssuppepcourtliaredlyb;tdhveaenit,atigreeo
unanimously at two successive General Meetings of Proprietors, a
MUTUAL ASSURANCE BRANCH of this 'institution has been
Company, together with the accumulated tlind of Prerntums.derived
from upwards of Six Thousand Policies, already effected In the Pro-
prietary Branch. Lstoitcorivetll
cAassured, and
Full particulars are stated in the Prospectus, wbleb, with every re-
quisite Information, may be obtained on appliention at the (ace.
PETER MORRISON 3itinaging Director.
,_

_j...----------
To the PROPRIETORS of the BRITANNIA LIFE ASSURANCE
has enjoyed the decided and (I
COMPANY.
GENTLEDIEN.—In calling your attention to the annexed Notice of
the establishment of a Mutual Assurance Branch, I beg leave to
arilsers In
address a few observations to you relative to the past transactions,
and the probable result of the proposed extension of the operations of
theThCaor
the Britannia
Britannia" Company
trust I may be permitted to say) deserved approbation of the public,
is clearly proved by the unprecedented ft apace up of
6,000
policies having been issued in the
of
e}'ear 1840 ; the
shoprltace n the
oassuranceiedto
decline, p lam , t ahnadt
order, however, to show] he high degree of credit and influence pos-
sessed by the Company, is only necessary for me to state, that two
highly respectable and well-established Life AsSurance Companies
have successively transferred their business of this establishment.
specially convened on the
latter T he
ifnorthmeercoourf
steheosfethter apnassfter)s,eart took IC
It is in consequence of this last-menned transfer, which inuded
a large number of Polichieasveeffehei
also in consequence of the numerous applications for Assurances on
this plan, which they
the Directors at length determined on the establishment of a utual
Assurance Branch, on the plan set forth in the Prospectus, after it
had been submitted to, and unanimously approved by, iwo sums-
ttedhertoon thebeemn ucotumaili
occasion.
The general objection to Mutual Assurance Societies, that (in their
sive General Meetings of Proprietors,
infancy, -at least) they do not afford that complete security to the
Assured which is supplied by the subscribed capital of Proprietary
Establishments, is completely removed in the Mutual Branch of the
" Britannia" Company ; for not only are the Mutual Policy-holders
protected by the entire subscribed -capital of the Proprietary _Branch,
but the large and continually-increasing fund, accumulated front the
Premiutns on 6,000 Policies alreaffY effected in that Branch, consti-
tutes an immediately available hind for the paymeist of the claims of
the Assured, who will thus enjoy all the security Afforded by an old
established office, and, at the same time, become entitled to all the
benefits to be derived from that system of-Mutual Assurance which
experience has proved to be at the same time the safest and the best.
Another serious objection to the Mutual Assurance Plan (as gene-
rally acted on) is the high rate of premium required to be paid, in
the fiat instance, in order to form a fund—not only for the payment
of the claims, but also for the distribution of la
rge --Mises among the
policy-holders. This objection also is entirely removed by means of
the half credit system detailed in the prospectus. For, by allowing
half the amount of the first five annual premiums to remain for live
years in the hands of the person assured, and applying The bonus
(to
which he would of become entitled) to the gradual liquida-
tion of the debt thus incurred with the Company, the policy-holder
enjoys the rare advantage of a very low rate of premium, in the 'first
instance, combined with that of a full participation, eventually, In
the profits. ity of con
avallivg myself of this opPortuncongratulating my co-
In
shareholders on the extraordinary success which hitherto has at-
tended the Operations of the Britannia Life Acsurance Company, I
trust I shall, at no very distant pc.riod, have still further to congratu-
late them on the complete success of the Mutual Assurance Branch,
which, after the most anxious care and
way attentibenefiton, has beenaccomnio-
founded
on a plan calculated, in every possible ,to and
date the public.
I cannot, in justice to the Directors, conclude this address without
calling your attention to the able and cordial co-operation which has
been afforded to me On their part, not only on the present important
. occasion, but also in every other instance in which their advice and
assistance have been needful for promoting the interests
of
the
bleu.
tutiou. I have the hl nour to be, Gentlemen, ,
our most obedient servant,
PETER MORRISON, Managing Director.
13ritannia Life Office, I, Princes-street, Bank,
Loudon, 20th March, 043. . . .