The Sun.
London, England, 1842-06-03 00:00:00

Lo-NDoN, EDINBITRGIL and DUBLIN
LIFE ASSURANCE COMPANY,
No. 3, CHARLOTTE-ROW, MANSION HOUSE, and
55, CHANCERY-LANE, LONDON.
DIRECTORS.

K ENNETT K ING SFO RD, E,q. , Savage-gardens, Chairman
BENJAMIN IFILL, Esq.,Welbeck-street, Deputy-Chairman
Alexander Anderson, Esq., York-place, Portman-square
John Atkins, Esq., White Hart. court, Lombard-street
James Bidden, Esq., Spread Eagle-court
Captain F. Brandreth, Scats' Fu-ilier Guards
James Hartley, Esq., Meckknburgh-square
John M‘Guffie, Esq., Osnaburgh-street
John Maclean Lee, Esq., Seething-lane
J. Marmaduke Rossater, Esq., Kennington-terrace
A U DITOR S.
H. H. Ca:than, Esq., Finsbury-square
Robert E. Alison, Esq., Cornhill _ _

MEDICAL ADVlSEE—!Marshall Hall, M.D. F. R. S. , L. and E.
SECRETARY—F. Edgell, Esq.
SOLICITORS—Messrs. Palmer, France, & Palmer,Tiedford--row.

IMPORTANT AND SALUTARY IMPROVEMENTS
have been introduced into the practice of Life Assurance by
this Company, and the following are some of its distinguishing
and important features, which have been introduced after
mature deliberation. They will be most conveniently pointed
out by referring to Policies, as divided into two great Classes
—FAMILY PROVISION POLICIES, and MONEY
TRANSACTION POLICIES.

FAMILY PROVISION POLICIES,._ In the well-
founded belief that Life A asurance business is profitable, per-
sons making provisions for their families and contemplating a
long duration of time between the date of 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 Company, the participa-
ting A ssuredare entitled to the Whole of the Mutual Profits, as
if they had been Assured in a purely Mutual Society; and
they have, at the same time, the security not only of the funds
of the Company, arising from the accumulated premiums, but
also the proprietary funds and subscribed capital of the Com-
pany. To the Shareholders are alloted ONLY those profits
which are realised by the investment of their own paid capital,
and from the excess of the premiums derived. from the non-
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 POLICIES.—An acquain-
tarce w'th the records of the Courts of Law 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 rheuments of security, which no
foreseen circumstances or future accidents could invalidate.
This Company has endeavoured, and they think successfully,
to render their Policit s as indefeasible and negotiable secu-
rities as possible, consistently with a due regard to the safety of
the Coll' ratting parties; and to effect this object, the Company
has introduced the following clause into their Deed of Settle-
ment:—

Clause 78.—" That every Policy issued by the Company
shall be indefeasible and indisputable, arid 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 ground of any error, mis-
take, or omission, bowever 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 shall have been obtained by
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 country, and going beyond the prescribed limits,
the Company grant what they term WHOLE WORLD PO-
LICIES, whereby, on condition of receiving an caws 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.
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 an other plan, a seven years' Half-
premium system has been introduced; 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,action can he fortified by this kind
of policy than by any other. The Half-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 may have procured for
a mere temporary purpose.

Age.

E. 8. d.