The Sun.
London, England, 1842-05-20 00:00:00

UNITED KINGDOM LIFE ASSURANCE
COMPANY,
8, Waterloo-place, Pall-mall, London.
DIVISION OF PROFITS AMONG THE ASSURED.
Su ItGEO N—Fred. Hale Thomson, Esq., 48, Berners-street.
SEC RETA sty—Patrick Macintyre, Esq.
This Joint Stock Company, established by Act of Parlia-
ment, without limited responsibility, affords the most perfect
security in an ample paid-up Capital, and in the great success
which has attended it, since its commencement in 1834, and
the large accumulation of Premiums which has taken place.
On the Ist of July, 1841, the Company, at their General
Meeting declared an addition of one-half to the Stuns paid by
the Stockholders, and appropriated to those holding Assurances
at the participating rate 2/. per Cent. per Annum, from the
dates of their policies, so that the addition to a policy for
1,000/, in force for the previous 5 years, has been 100/., mak-
ina it in all 1,1001. The Premiums payable to the Company
are nevertheless very moderate, and only one-half of them, when
the Insurance is for life, need be paid for the first five years after
the date of the Policy.
Insurances may be effected on lives, however far advanced ;
and the credit for five years is found particularly convenient on
such insurances, and for the security of Temporary Loans.
Annuities are granted on very liberal terms.
The great facilities afforded by the Company, in these and
other respects, are such that it really appears a moral duty. in
every parent who is not possessed of a fortune, but of an in-
come, however moderate, to insure his life for a sum which
may yield a provision to his family.
RATES OF PREMIUM.
Age. Without Profits. With Profits.
....
30
40
50
60
Every information
15 3
nwill be afforded on application to the
Resident Directors, Edward Boyd, Esq., and E. Lennox Boyd,
Esq., of No. 8, Waterloo place, Pall Mall, London.

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

KENNETT KING SFO RD, Esq., Savage-gardens, Chairman
BENJAMIN IF ILL, 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, Scots' Fwilier Guards
James Hartley, Esq., Mecklenburgh-square
John M‘Guffie, Esq., Osnaburgh-street
John Maclean Lee, Esq., Seething-lane
J. Alarmadukeßosszter, Esq., Kennington-terrace
AUDITORS.
H. H. Canr,an, Esq., Finsbury-square
Robert E. Alison, Esq., Cornhill

Manicat ADVlSER—Marshall Hall, M.D. F. R. S., L. and E.
SECRETARY—F. Edgell, Esq.
Son err° as—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 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 Assurance 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 Assured are entitled to the Whole of the Mutual Profits, as
if they had been Assured in a purely Mutual Society sod
they have, at the same time, the security not only of the funds
of the Company, arising from the accumulated premiums, but
also the proprietany 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 'I RANSACTION POLICIES.—An acquain-
tance with the records of the Courts, of Law and Equity, prows
that considerable changes were required in the practice and
rules of Life Offices, to render this class of Policies
valid and unimpeachable documents of security, which no
foreseen circumstances or future accidents could invalidate.
This Company has endeavoured, and they think successfully,
to render their Policies as indefeasible and negotiable secu-
rities as possible, consistently with a due regard to the sifety 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 issued 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 ground of any error, mis-
take, or omission, however important, made by or on the part
of the person or persons effecting the lame, 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 extra premium,
varying in amount according to the circumstances of the case,
but fixed and dr-to-a-mined .6 the time ivf issuing the. Palley,
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 any 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 transaction 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.

HALF-PREMIUM CREDIT TABLE.
Age. £. s. d'. Age. £. s. d.
15 I 0 16 1 4O

20 ........ 018 0 45
25
_ _

30
Risk in Foreign Travel and Residence 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 of
the Institution. ALEX. ROBERTSON, Manager.