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

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

DIRECTORS.

KENNET T KINGSFORD, Esq., Savagn-gardens, Chairman
BENJAMIN IFILL, Esq., Welbeck-stret, Deputy-Chairman
Alexander Anderson, Esq., York-place, Portman-square
John Atkins, Esq., White Hart-tour:; Lombard-street
James Bidden, Esq., Spread Eagle-court
Captain F. Brandreth, Scots' Fusilier Guards
James Hartley, Esq., Mecklenburgh-squaro
John M‘Guffie, Esq., Osnaburgh-street.
John Maclean Lee, Esq., Seething-lane
J. Marmaduke Rosseter, Esq., Kennington-terrace
AUDITORS.
H. H. Cannan. Esq., Finsb:,•y•square
Robert E. Alison, Esq., Co:nhill
- -

MEDICAL ADTISE R —Marshall Hall, M.Lt. F.R.S., L. and E.
SECRETARY—F. Edgell,Esq.

SOLlClTORS—Messrs.Palmer, France, & Palmer,Bedford-row.
IMPORTANT AND SALUTARY IMPROVEMENTS
have been introduced into the practice of Life Assurance by
this Company, and the following are son., of its distinguishing
and important features, which have I. en 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 POLICI:'.3.— In the well-
founded belief that Life Assurance business is profitable, per-
sons making provisions for their familii s. and contemplating a
long duration of time between the date of the Policy and the
claim to arise under it, generally prefer A ssurarces which may
carry with them a right to participate in the profits to be re.
alined by the Company during the currency of their Policies.
By the Deed of Constitution of this Cempany, the participa-
ting Assured are entitled to the Whole of 'he Mutual Profits, as
if they had been Assured in a purel- Mutual Society ; sad
they have, at the same time, the security not only of the funds
of the Company. arising from the accumutated 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 POL acquain-
tacce w'th the records of the Courts of Law and Equity, proves
that considerable changes were required in the practice arid
rules of Life Offices, to render this class of Policies
valid and unimpeachable tiomments of security, which no
foreseen circumstances or future accitle.its could invalidate.
This Company has endeavoured, and tney think successfully,
to render their Policies as indefeasible and negotiable secu-
rities as possible, con'istently with a due 'nerd to the safety of
the contracting parties; and to effect this object, the Company
has introduced the following clause into their Deed of Settle-
ment :
Clause 78.—" That every Policy issited 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 grrlnu of any error, mis-
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 Puliey 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 eountry, and going beyond the prescribed limits,
the Company grant what they term WHOLE WORLD PO-
LICIES, whereby, on condition of receiving an extra premium,
varying in amount according to the eh cumstances of the case,
but fixed and determined at the time 'if 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 rule is, that
if a Creditor be paid his debt before the policy becomes a
claim, he loses the benefit of his Policy, and the premiums
paid become forfeited—this Company 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 and other plan, a seven years' Half-
premium system has been introduces'.. and, upon comparing
the following scale with any other whirl. has been devised for
reducing present payments, it will be seen how much more
economically a loan trareaction can he fortified by this kind
of policy than by any ether. The R lf-premium system pos-
se.ses e further advantage over temporary Assurances, or those
for a Term of 'sears, from the Assureci having the option of
e,mtinuing for Life the Policy which he may have procured for
a mere temporary purpose.
HALT-PREMIUM CREDIT SABLE.

Age. ..
E. s. d. Age. E. s. d.
15
20 ...... ........ 018 0 45 . ... 1 16 6
25
30
Risk in Foreign Travel and Residei.ce is taken, in the com-
putation of extra premium, at as low a rate as the most recent
information will warrant, with a due regard to the safety 01
the Institution. ALEX. ROBERTSON, Manager.