The Sun.
London, England, 1842-06-24 00:00:00

VICTORIA LIFE ASSURANCE AND
LOAN COMPANY.

No. 18, King William-street, City.
TRU STEES.
Sir JAMES DUKE, Alderman, M.P., Chairman.
BENJAMIN HAWES, Esq., Deputy Chairman.
Benjamin Barnard, Esq. I Charles Baldwin, Esq.
Solicitor, John Curtis, Esq., 80, Basinghall-street.
The principle of this Company is to allow to each Assurer
such reasonable advantages, as may suit his particular views.
Thus, parties Assuring the Lives of others, may make their
Policies secure, notwithstanding the Life Assured may go out
of the limits of Europe, without the necessary permission of the
Directors having been previously obtained. Credit of half the
Premiums for the first five years, allowed on Policies effected
for the whole term of Life. Parties who have been Assured
for five years will be allowed to borrow on the securit y of their
Policies, a sum equal to one-half the Premiums paid, less that
for the first year. Advances are made to parties Assured in
the Office, on real or undoubted Personal Security, for terms
not exceeding three years, repayable by instalments. Premiums
moderate. Participation in profits. Detailed Prospectuses
may be obtained on application at the Office, or by letter
addressed to the Secretary.
WILLIAM RATRAY, Actuary and Secretary.

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

KENNETT KINGSFORD, Esq., 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-conii
Captain F. Brandreth, Scots' Fu,ilier Guards
James Hartley, Esq., Mecklenburgh-square
John M'Guffie. Esq., Osnaburgh-street
John Maclean Lee, Esq., Seething-lane
J. Marmaduke Rosseter, Esq., Kennington-terrace
A U nnotts.
H. H. Cannan, Esq., Fincbury square
Robert E. Alis.n. Esq., Cornhill

MEDI :AL ADVlSER—Marshall Hall, M.D. I'. R. S., L. and E.
SECRETARY—F. Edgell, Esq.
SoLicerosts—Messrs. Palmer, France. & Palmer.Fiedford-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 ender it., generally prefer Assurances 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 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 ; aasd
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-
tance with 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 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 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 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 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 •uch 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 ease,
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 whi••h has been dorised for
reducing prose t payments, it will be seen how much more
economically a loan tran,action can he tortifi est by this kind
of policy than by any other. The Half-premium system pos-
se•ses a further advantage over temporary Assurances, or those
for a Term of Years, from the Assured having the option of
continuing fur Life the Policy which he Tray have procured for
a mere temporary purpose.
HALF-tREMIUDI CREDIT TABLE.
Age. e. d. Age. X. s.
d.
I 5
20 .
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 luatitution. AI, XS BODLRT SON. Manager.