The Sun.
London, England, 1842-07-15 00:00:00

FIRE AND-LIFE ASSURANCES MAY BE EFFECTED
ON THE MOST ADVANTAGEOUS TERMS WITH
rit SCOTTISH UNION INSURANCE
COMPANY.

Instituted 1824, and Incorporated by Royal Charter.
LONDON BOARD.
Charles Balfour, Esq. Robert Murray, Esa.
J. Deans Campbell, Esq. Richard Oliverson, 'Esq.
J. Gordon Duff, Esq. Divie Robertson, Esq.
Robert Gillespie, Esq. H. F. Sandman, Esq.
James Goodell, Esq. John Bmill, Esq.
John Kingston, Esq. • Daniel Stoddart, Esq.
Sutherland Mackenzie, Esq., Manager.
LONDON OFFICES.
449, West Strand, and 7ti, King William-street, City.

FIRE INSURANCES effected at the usual Reduced Rates,
and Policies may be transferred to this Office without extra
charge, and on terms ♦ery favourable to the Assured. Special
Risks reasonably rated.

LIFE ASSURANCES.
The additions made to the life policies granted by this Cor-
poration for the last seven }ears vary from 41 to 65 per cent. on
the premiums paid, and average 14 per cent„ or two per cent.
diiLlUUlost the sums it ic believed, more
favourable than auy other Company (mutual or proprietary )
has hitherto accomplished, when the low rates of premium
charged by this C9mpany are taken into consideration.
The next division of life profits will take place in December,
1846, being an interval of five years, and persons entering be-
fore the Ist of August next will enjoy one year's additional
rating, and rank at next division of profits for five complete
years.
To facilitate loan transactions a reduced scale of rates with-
out profit has been adopted. The rates and other particulars
may be ascertained at the above offices, or at any of the Com-
pany's Branch Establishments throughout the kingdom.
F. G. SMITH, Secretary.
Scottish Union Office, 449, West Strand, London.

LONDON, EDINBURGH, qnd DUBLIN
LIFE ASSURANCE COMPANY,
3, Charlotte-row, Mansion-house, & 55, Chancery-lane, London.

DIRECTORS.
KENNETT KINGSFORD, Esq., Savage-garden=, Chairman
BENJAMIN IF ILL, Esq.,Welbeck-street, Deputy-Chairman
Alexander Anderson, Esq.' York-place,, Portman-square
John Atkins, Esq., White Hart- emu: Lombard-street
James Bidden, Esq.., Spread Eagle-cc-tut
Captain F. Brandretb, Scots' Fu.ilier Guards
James Hartley, Esq., Meckknburgl-square
John l‘PGufge, Esq., Osnaburgh-street
John Maclean Lee, Esq., Seething-lone
J. Marmaduke Rosseter, Esq., Kennington-terrace
AUDITORS.
H. H. Cannan. Esq., Finsb .y
-square
Robert E. Alison, Esq., Co!rhiil
MEnc..m. ADVlSER—Marshall Hall, Mb. F.R. S., L. and E.
SEC RETA RY —F. Edgell, Esq. .

SOLICITORS—Messrs. Palmer, France, & l'aliner,Bedford- r ow.
IMPORTANT AND SALUTARY IMPROVEMENTS
have been introduced into the practice a Life Assurance by
this Company, and the following are son of its distinguishing
and important features, which have h-en introduced after
mature deliberation. They will be most eonveniently pointed
out by referring to Policies, as divided into two great Classes
—FAMILY PROVISION POLICIES, and MONEY
TRANSACTION POLICIEP..
FAMILY PROVISION POLICr.S. —ln the well-
founded belief that Life .Assurance business Is profitable, per-
sons making provisions for their familit %. and contemplating a
long duration of time between the date .st the Policy and the
claim to arise under it, generally prefer Assurances which may
carry with them a right to participate in the profits to be re-
alised by the Company during the currency of their Policies.
By the Deed of Constitution of this Ci:ss:pany, the participa-
ting A soured are entitled to the Whole of "le Mutual Profits, as
if they had been Assured in a purel-- Mutual Society ; cod
they have, at the same time, the securii; not only, of the funds
of the Company. arising from the accumutated premiums, but
also the proprietary funds and subscribe.] capital of the Com-
pany. To the Shareholders are alloted. ONLY those profits
which are realised by the investment of t!teir own paid capital,
and from the excess of the premiums derived from the nor.-
participating Assurances. This mode of Division and Profits,
so advantageous to the Assured of the Participating Class, is
adopted only by this Company.
MONEY TRANSACTION POL acquain-
tance w'th the records of the Courts of L.,v and Equity, proves
that considerable changes were required in the practice and
rules of Life Offices, to render this class of Policies
'valid and unimpeachable docvments of security, which no
foreseen circumstances or future accid.e.Jts could invalidate.
This Company has endeavoured, and tney think successfully,
to render their Policies as indefeasibi? and negotiable secu-
rities as possible, consistently with a due 'nerd to the safety of
the contracting parties; and to effect this object, the Company
lias introduced the following clause into their Deed of Settle-
ment :
Clause 78.—" That every Policy ssss'ed by the Company
shall be indefeasible and indisputable, and the fact of the
issuing of the same shall be conclusive evidence of its validity,
and it shall not be lawful for the Company to delay payment
of the money assured thereby, on the grc:nd of any error, miss.
take, or omission, however important, made by or on the part
of the person or persons effecting the same, and that on the
contrary, the amount receivable under the same shall be paid
at the time stipulated by the Policy, to the person entitled
thereto, as if no such error, mistake, or omission had been made
or discovered, unless the Policy shalt have been obtainedby
fraudulent misrepresentation.
In order to provide against the defeat of a Policy in the
hands of a Creditor, by the Debtor, whose Life is Assured,
leaving the .ountry, and going beyond the prescribed limits,
the Company grant what they term WiOLE WORLD PO..
LICIES, whereby, on ccndition of receiving an extra premium,
varying in amount according to the circumstances of the case,
but fixed and determined at the time of issuing the Policy,
the Debtor, on whose Life an Assurance has been effected. is
entitled to go to, or reside in any part of the. world, without in-
validating the Assurance; by which means the Creditor's
claim is rendered certain.

INTEREST IN .POLICIES.—The ordinary,role is, that
if a Creditor be paid his debt before the policy becomes a
claim, he loin the benefit of his Policy, and the premiums
paid become forfeited—this Cott:Tarry repudiates all such un-
fair advantages.
To enable a party to effect an Assurance at the LEAST
POSSIBLE EXPENSE, and to entitle him to discontinue it
at a less sacrifice than by any other plan, a seven years' Half-
premium system has been introdueet.. and, upon comparing
the following scale with any other which has been devised for
reducing present payments, it will be seen how much more
economically a loan tran.aetion can he fortified by this kind
of policy than by any other. The Haf.premium system pos-
sesses a further advantage over temporary. Assurances, or those
for a Term of Years, from the Assured having the option of
continuing, for Life the Policy which he tray have procured for
a mere temporary purpose.
HALF-FREMIUM CREDIT TABLE.

Age. .E. s. d. Age. £. s. d.
15
20
25 ... 1 0 7 50
..... ...... 9
20 .... 1 3 7 54 ....... ........ 2 1 2 5

Risk in

I.:{esittem,, is takav, ic

IOW..

potation of extra prealtutu, a, as iu, a r,L, , ~,„,,,,,, i,,,eut
information will warrant, with a clue regard to the safety of
ithe Institution. ALEX. ROBERTSON, Manager.