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Article FOURTH DIVISION OP PKOMTS. CLERICAL, MED... ← Page 2 of 2 Article nTHE LICENSED VICTUALLERS' AND GENERAL F... Page 1 of 1
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Fourth Division Op Pkomts. Clerical, Med...
It is clear , then , that the prospects of Policy Holders at future divisions are most favour able , partly from the unusually large sum retained to meet claims , as shown above , and parti ) from the reserve of so considerable amount as 51 , 500 / . out of profits thus ascertained . These facts , which have operated to a certain extent in the diminution of former bonuses will undoubtedly contribute most powerfully to increase the amount of profits to be appro , priated to the Assured at all succeeding divisions . In confirmation of this view , the Directors need only remind the Assured of the statement made at the division in January , 1842 , that the two preceding bonuses had averaged 22 pel
cent , on the Premiums ; that the one then divided averaged 28 per cent ; and that the future bonuses were expected to exceed that amount . The most sanguine expectations entertained at that time have been fully realized by che amount of the present bonus averaging more than 36 per cent . ; and on precisely the same ground the Directors conceive themselves entitled to assert , with additional confidence , that its farther increase from time to time is almost certain . The large and increasing amount of the Society ' s business , and the proportionable diminution of the expense of management ( which is now only 3 J per cent , on the income ) , must also be taken into account in the antici
pation of future profits . The Directors have only to add that they have instructed the Actuary to exhibit to auy Proprietor or Policy Holder , or to any person who may be desirous of assuring , the details of all the calculations , with a full statement of the assets and liabilities , and balance sheets of the Society . GEORGE H . PINCKARD , Actuary . No . 78 , Great Russell Street , Bloomsbury , London . Persons of all ages , ana in any station , may Assure with tbis Society . NEARLY FIVE-SIXTHS OF ALL THE PROFITS WILL IN FUTURE BE DIVIDED AMONG THE ASSURED .
Nthe Licensed Victuallers' And General F...
nTHE LICENSED VICTUALLERS' AND GENERAL FIRE AND LIFE A ASSURANCE COMPANY , Adelaide-place , London Bridge ; 444 , West Strand : 33 , Thistle-street , Edinburgh ; Great Bridgewater-street , Manchester ; Wason-buildings , and Matthew-street , Liverpool . ( EMPOWERED BY ACT OF PARLIAMENT ) . The Company transact business in every department of Life and Fire Assurances , in Annuities , Reversions , and Loans .
LIFE DEPARTMENT . ACTUARY —J . T . CLEMENT , Esq . At the last quinquennial meeting there was added a bonus to the Life Policies equal to 25 per cent , on the sums paid , and a bonus of 5 per cent , to the Shares , in addition to the payment of the annual interest . For the convenience of parties wishing to insure for a specific sum , without a prospective bonusa new tableat lower rateshas been calculatedin whichas well as on
, , , , , the participating scale , one-half the premium may remain on interest at 5 per cent , for five years , thus enabling a person to assure his life for £ 1000 on the immediate payment of the premium for £ 500 only . The following are the annual premiums for the assurance of £ 100 for the whole life , one-half of which may remain for five years by merely paying the interest annually at 5 per cent . ; and should the policy become a claim in the interim , the amount due will then be deducted : —
Age 20 without profits £ l 13 0 With profits . . £ 118 0 30 . . 1 19 8 . . . . 2 5 8 40 . . 2 14 3 . . . . 3 13 50 . . . 434 . . . . 496 For short periods the premiums are considerably lower ; and for any ages or contingencies not usually advertised , information may be obtained on application to the actuary or secretary .
FIRE DEPARTMENT . The Company insures houses , furniture , stock in trade , farming stock , and every description of personal property , against loss or damage by fire . The Directors beg to remind their friends , whose premiums become due at Christmas , that no extra charge is made at this office for the transfer of policies , and that they will be rated on terms peculiarly favourable to the parties insuring . Insurances may be effected for any period of time ; if for seven years , the premium and duty will only be charged for six . JOHN BIGG , Secretary .
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
Fourth Division Op Pkomts. Clerical, Med...
It is clear , then , that the prospects of Policy Holders at future divisions are most favour able , partly from the unusually large sum retained to meet claims , as shown above , and parti ) from the reserve of so considerable amount as 51 , 500 / . out of profits thus ascertained . These facts , which have operated to a certain extent in the diminution of former bonuses will undoubtedly contribute most powerfully to increase the amount of profits to be appro , priated to the Assured at all succeeding divisions . In confirmation of this view , the Directors need only remind the Assured of the statement made at the division in January , 1842 , that the two preceding bonuses had averaged 22 pel
cent , on the Premiums ; that the one then divided averaged 28 per cent ; and that the future bonuses were expected to exceed that amount . The most sanguine expectations entertained at that time have been fully realized by che amount of the present bonus averaging more than 36 per cent . ; and on precisely the same ground the Directors conceive themselves entitled to assert , with additional confidence , that its farther increase from time to time is almost certain . The large and increasing amount of the Society ' s business , and the proportionable diminution of the expense of management ( which is now only 3 J per cent , on the income ) , must also be taken into account in the antici
pation of future profits . The Directors have only to add that they have instructed the Actuary to exhibit to auy Proprietor or Policy Holder , or to any person who may be desirous of assuring , the details of all the calculations , with a full statement of the assets and liabilities , and balance sheets of the Society . GEORGE H . PINCKARD , Actuary . No . 78 , Great Russell Street , Bloomsbury , London . Persons of all ages , ana in any station , may Assure with tbis Society . NEARLY FIVE-SIXTHS OF ALL THE PROFITS WILL IN FUTURE BE DIVIDED AMONG THE ASSURED .
Nthe Licensed Victuallers' And General F...
nTHE LICENSED VICTUALLERS' AND GENERAL FIRE AND LIFE A ASSURANCE COMPANY , Adelaide-place , London Bridge ; 444 , West Strand : 33 , Thistle-street , Edinburgh ; Great Bridgewater-street , Manchester ; Wason-buildings , and Matthew-street , Liverpool . ( EMPOWERED BY ACT OF PARLIAMENT ) . The Company transact business in every department of Life and Fire Assurances , in Annuities , Reversions , and Loans .
LIFE DEPARTMENT . ACTUARY —J . T . CLEMENT , Esq . At the last quinquennial meeting there was added a bonus to the Life Policies equal to 25 per cent , on the sums paid , and a bonus of 5 per cent , to the Shares , in addition to the payment of the annual interest . For the convenience of parties wishing to insure for a specific sum , without a prospective bonusa new tableat lower rateshas been calculatedin whichas well as on
, , , , , the participating scale , one-half the premium may remain on interest at 5 per cent , for five years , thus enabling a person to assure his life for £ 1000 on the immediate payment of the premium for £ 500 only . The following are the annual premiums for the assurance of £ 100 for the whole life , one-half of which may remain for five years by merely paying the interest annually at 5 per cent . ; and should the policy become a claim in the interim , the amount due will then be deducted : —
Age 20 without profits £ l 13 0 With profits . . £ 118 0 30 . . 1 19 8 . . . . 2 5 8 40 . . 2 14 3 . . . . 3 13 50 . . . 434 . . . . 496 For short periods the premiums are considerably lower ; and for any ages or contingencies not usually advertised , information may be obtained on application to the actuary or secretary .
FIRE DEPARTMENT . The Company insures houses , furniture , stock in trade , farming stock , and every description of personal property , against loss or damage by fire . The Directors beg to remind their friends , whose premiums become due at Christmas , that no extra charge is made at this office for the transfer of policies , and that they will be rated on terms peculiarly favourable to the parties insuring . Insurances may be effected for any period of time ; if for seven years , the premium and duty will only be charged for six . JOHN BIGG , Secretary .