THE SCOTTISH PROVIDENT INSTITUTION,
FOR LIFE ASSURANCE,
Head Office—14, St. Andrew Square, Edinburgh.
London Branch—66, Gracechurch Street, City.
INCORPORATED BY ACT OF PARLIAMENT.
THE DIRECTORS invite attention to the terms and provisions of this Society— which combine immediate economy with the utmost eventual advantages—in the: belief that they are peculiarly suited to the circumstances of persons whose means of providing for their families depend mainly on professional income. ‘
It is the only Office in which the advantages of Mutal Assurance can be obtained at Moderate Premiums. The Assured are at the same time specially exempt from personal liability.
In many Offices (including even some of the older Mutual Offices), Assurers are offered the choice of a moderate scale for Premiums, without any claim to share in the Profits—or of a right to participate in these, at an excessive rate of Premium. Assurers with the Scottish Provident Institution are the sole recipients of the Profits, and at rates of Premium equally moderate with those of the Non-Participating Scale of other Offices.
The principle on which the Profits are divided will commend itself as not only safe and equitable, but as the most satisfactory method on which the Profits arising from moderate Premiums could be allocated. Instead of being frittered away among all Policies indiscriminately—including those which have subsisted only a few years, and on which there may eventually be a heavy loss to the Common Fund—they are reserved for those members who alone can have made surplus payments: in other words, for those whose Premiums, with accumulated interest, amount to the sums in their policies.
The administration has uniformly been conducted with liberality towards the members (there being, in fact, no opposing interests), and with readiness to initiate and adopt every available improvement, such as relaxation of restrictions on travel, provision for the indefeasibility of Policies and facility of settlement of claims.
| Age—25 | 30 | 35 | 40 | 45 | 50 | ||||||||||||
| £1 | 18 | 0 | £2 | 1 | 6 | £2 | 6 | 10 | £2 | 14 | 9 | £3 | 5 | 9 | £4 | 1 | 7 |
Thus an Assurance of £100 can be attained, at age 30, for a yearly Premium of £2 1s. 6d., or for £1000, of £20 15s. This latter Premium, if paid to any other of the Scottish Mutual Offices would Assure £800 only, instead of £1000.
Copies of the Annual Reports, Forms of Proposal, and every information, may be had on application to the Head Office in Edinburgh, or to the London Branch, 66, Gracechurch-street, City.
JAMES WATSON, Manager.
GEORGE GRANT, London Agent and Secretary.
RELIANCE MUTUAL LIFE ASSURANCE SOCIETY.
71, KING WILLIAM STREET, MANSION HOUSE, LONDON.
THE ENTIRE PROFITS DIVIDED AMONG THE ASSURED
DIRECTORS.
|
Vernon Abbot, Esq. |
John James, Esq. |
C. H. Smith, Esq. |
Advantages presented by this Society.
Life Assurances may be effected upon Equal, Half Premium, Increasing or Decreasing Scales also by Single Payments, or Payments for limited periods. Tables have been specially constructed for the Army, Navy, East India Company, and Merchant Sservices; also for persons voyaging to, or residing in, any part of the world.
Endowments for Widows and Children, Pensions for Retired Officers and Civilians, Immediate or Deferred Annuities, and Surviorships.
