1114 LIFE ASSURANCE OFFICES.
LONDON, EDINBURGH, AND DUBLIN.
Mixed Company. Established a.n. 1840. 3, Charlotte-street, Mansion House.
Participating and non-participating rates.
Those paying the participating rates will be entitled to the whole of
the profits derived from the mutual branch. of the business.
The sum assured may be made payable to the assured at any specific
age, or to his representatives in the event of his death before that age.
LONDON AND WESTMINSTER. a
Mutual Assurance Society. Established a.n. 1839. 448, West Strand.
Participating and non-participating rates.
The average profits of one year are annually distributed by a reduc-
tion of the future premiums, or by a bonus added to the policy, at the
option of the assured, to those members who have paid premiums for -
five entire years.
Policies are granted for the amount assured, to be received at the end |
of a term of years, although the party assured may be alive, but the
assurance to be determined nevertheless by his death, though it should
take place before the expiration of the term.
Premiums may be payable quarterly, half-yearly, or annually; and
to obviate the necessity of allowing policies to drop in case of temporary
inability to pay the premium, the Society will advance, on the security
of the policy alone, its estimated value. Premiums may also be com-
muted into a single payment, or into a limited number of annual pay-
ments.
In case of death from duelling, suicide, or by the hands of justice,
although the party may have assured his own life, the policy will not
be invalidated to the extent of the bond fide interest of any other person
or persons who may have acquired such interest, provided such interest
has been acquired six months previous to such event occurring. If no
such interest be vested in any other person or persons as aforesaid, the
legal representatives of the deceased shall be entitled to receive a sum
equal to the amount the Society would have given in the way of purchase
for the policy on the day previous to such decease.
All claims accruing by death will be paid within one calendar month "
after satisfactory proof of death.
The Directors are empowered to allow the substitution or introduction
as a member of a person of not earlier birth, in place of any member
who may be desirous of withdrawing from the Society.
Policies, after five years’ standing, on being deposited with the Society,
may be kept in force by the payment each year of half the premium
and interest on all arrears, in which case the remaining portion of the
premium may be deducted from the sum assured when the policy be-
comes a claim.