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Engineers', Masonic, And Universal Mutua...
ENGINEERS ' , MASONIC , AND UNIVERSAL MUTUAL LIFE ASSURANCE SOCIETY , HEAD OFFICE ,-345 , STRAND , LONDON . INCORPORATED UNDER ACT OF PARLIAMENT , 7 & 8 VICT . CAP . 110 . Court of Bircctors .
( With power to add to their number J . Buo . W . F . DOBSON , Esq ., M . A ., 47 , Gloucester- BRO . ROBERT THOMAS CRUCEFIX , Esq ., place , Portman-square , { Chairman J LL . D „ Milton-on-Thames , ( Deputi / Cltairman . ) Professor DAVID THOMAS ANSTED , M . A ., CHARLES JOHN LONGRIDGE , ' Esq ., I ! , Wal-F . R . S ., 30 , Gloucester-road , Hyde-park , and brook , and Eedlington Iron Works , Newcastle-on-King ' s College . Tyne . BRO . JAMF . S ELLISON , Esq ., o , Great Marylebone- HV . MARSHALL , Esq ., 20 , Queen-st ., May-fair . street , Portland-place . Bno . JOHN STRUTT , Esq ., 18 , Buckingham-ROBERT HART , Esq ., 2 , Middle Temple-lane . street , Strand . Bno . FREDERICK HEATH , Esq ., Ingress Lodge , THOMAS LUXMORE WILSON , Esq ., 38 , Wal-Greenhithe brookand 4 Eaton South
. , , -place , , Belgrave-square . GEORGE JOHNSON , Esq ., M . D ., King ' s College . Rev . J . W . WATSON , M . A ., Langton-pl ., Brixton . © nistrts . Bno . W . F . DOBSON , Esq ., Bno . JOHN STRUTT , Esq ., T . L . WILSON , Esq . ( TO ME INCREASED TO FIVE . ) Untrttors . GEORGE CATES , Esq ., 83 , Fenchurch-street . JOHN SURRAGE , Esq ., Middle Temple . DANIEL CULLINGTON , Esq ., jun ., 2 , Craven-street , MONTAGUE J . TATHAM , Esq ., Doctors'Commons , Strand . and 38 , Eastbourne-terrace , Hyde-park . .
tDhiisirian . Surgeon . „ „ "" , „ „ Bno . JAMES ELLISON , Esq ., 5 , Great Marylebone-DR . GEonGE JOHNSON , King s College . street , Portland-place . Stanr / ino , fficunsd . Solt'ritnrs . MATTHEW B . BEOME , Esq ., 40 , Chancery-lane . MESSRS . PRICHARD & BRO . COLLETTE , 57 , Lincoln ' s-inn-fields . attnatH MB SmttatB .
^^^ ^ _ FREDERIC LAWRAKCE , Esq . , -, ~ „ . ANTHONY PECK , Esq ., B . A . ¦ Bankers . SurlKuor . LONDON AND COUNTY BANK , 21 , Lombard-street ; RICHARD TRESS , Esq ., 23 , Little St . Thomas ' MESSRS . TWINING , 215 , Strand . Apostle . " THERE IS NOTHING IN THE COMMERCIAL WOULD WHICH APPROACHES , EVEN REMOTELY ,., TO THE SECURITY OF A MUTUAL OFFICE . " —De Morgan on Life Assurance .
There are three descriptions of Life Offices , " Proprietary , " " Mixed , " and " Mutual . " In the first , the whole of the profits are given to the shareholders , and none to the Assured . In the second , a limited portion only of the surplus is given to the Assured . But in a MUTUAL Life Office , THE WHOLE PROFITS ARE DIVIDED AMONGST THE POLICY HOLDERS , who thus receive amongst themselves that to which they only are justly entitled—the entire advantages of the Fund formed by the premiums they have subscribed . It is for this and other reasons , too numerous to mention in the limits of a prospectus , that the " MUTUAL SYSTEM , " in all its branches , and with its varied improvementshas been
, resolved upon ; to which the Directors have added several novel features in each department , calculated for the benefit alike of the influential classes for which this Society is established , and of the general body of the un-assured community . It will hardly be credited , that up to the present moment scarcely one in three hundred of our vast population has taken advantage of the benefits derivable from " Life Assurance . " To enable Engineers , Mechanics , and others to provide ( as far as human foresi ght ean ) against the contingencies of reverse of fortune , continued sickness , loss of sight , insanity , or any of the misfortunes to which men are liable , and by which their means of providing for
their families are totally cut off , is the object of the Patrons and Directors , who are convinced that the following advantages have only to be brought prominently forward to secure to the Office a very extensive share of business , and to the Assured indemnity against casualties . These classes , which are daily increasing in numbers and importance , are at present comparatively unrepresented in' the field of Assurance , to improve their position is a matter of the highest consequence , and no other method is either so easy or so legitimate as that which is pointed out by the system of Life Assurance adopted by this Society . X . XFE DEPARTMENT ! .
MUTUAL ASSURANCE by which the Assured reaps his full share of the profits : — TAULE NO . 1 . and 2 . A fixed rate of premium during life , as low as is safe for the Office and the Assured . „ 3 . Ascending premiums to increase as a man's circumstances improve . „ 4 . Descending premiums to decrease as worldly means may decline . ] S o . 5 . Assurances for a term of years only . By this method , a person assured may receive in person the amount of his Policy , if he reach the specified age . If he should ( lie at any time previously , even one hour after the Policy has been effected , his family would receive the full amount assured .
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
Engineers', Masonic, And Universal Mutua...
ENGINEERS ' , MASONIC , AND UNIVERSAL MUTUAL LIFE ASSURANCE SOCIETY , HEAD OFFICE ,-345 , STRAND , LONDON . INCORPORATED UNDER ACT OF PARLIAMENT , 7 & 8 VICT . CAP . 110 . Court of Bircctors .
( With power to add to their number J . Buo . W . F . DOBSON , Esq ., M . A ., 47 , Gloucester- BRO . ROBERT THOMAS CRUCEFIX , Esq ., place , Portman-square , { Chairman J LL . D „ Milton-on-Thames , ( Deputi / Cltairman . ) Professor DAVID THOMAS ANSTED , M . A ., CHARLES JOHN LONGRIDGE , ' Esq ., I ! , Wal-F . R . S ., 30 , Gloucester-road , Hyde-park , and brook , and Eedlington Iron Works , Newcastle-on-King ' s College . Tyne . BRO . JAMF . S ELLISON , Esq ., o , Great Marylebone- HV . MARSHALL , Esq ., 20 , Queen-st ., May-fair . street , Portland-place . Bno . JOHN STRUTT , Esq ., 18 , Buckingham-ROBERT HART , Esq ., 2 , Middle Temple-lane . street , Strand . Bno . FREDERICK HEATH , Esq ., Ingress Lodge , THOMAS LUXMORE WILSON , Esq ., 38 , Wal-Greenhithe brookand 4 Eaton South
. , , -place , , Belgrave-square . GEORGE JOHNSON , Esq ., M . D ., King ' s College . Rev . J . W . WATSON , M . A ., Langton-pl ., Brixton . © nistrts . Bno . W . F . DOBSON , Esq ., Bno . JOHN STRUTT , Esq ., T . L . WILSON , Esq . ( TO ME INCREASED TO FIVE . ) Untrttors . GEORGE CATES , Esq ., 83 , Fenchurch-street . JOHN SURRAGE , Esq ., Middle Temple . DANIEL CULLINGTON , Esq ., jun ., 2 , Craven-street , MONTAGUE J . TATHAM , Esq ., Doctors'Commons , Strand . and 38 , Eastbourne-terrace , Hyde-park . .
tDhiisirian . Surgeon . „ „ "" , „ „ Bno . JAMES ELLISON , Esq ., 5 , Great Marylebone-DR . GEonGE JOHNSON , King s College . street , Portland-place . Stanr / ino , fficunsd . Solt'ritnrs . MATTHEW B . BEOME , Esq ., 40 , Chancery-lane . MESSRS . PRICHARD & BRO . COLLETTE , 57 , Lincoln ' s-inn-fields . attnatH MB SmttatB .
^^^ ^ _ FREDERIC LAWRAKCE , Esq . , -, ~ „ . ANTHONY PECK , Esq ., B . A . ¦ Bankers . SurlKuor . LONDON AND COUNTY BANK , 21 , Lombard-street ; RICHARD TRESS , Esq ., 23 , Little St . Thomas ' MESSRS . TWINING , 215 , Strand . Apostle . " THERE IS NOTHING IN THE COMMERCIAL WOULD WHICH APPROACHES , EVEN REMOTELY ,., TO THE SECURITY OF A MUTUAL OFFICE . " —De Morgan on Life Assurance .
There are three descriptions of Life Offices , " Proprietary , " " Mixed , " and " Mutual . " In the first , the whole of the profits are given to the shareholders , and none to the Assured . In the second , a limited portion only of the surplus is given to the Assured . But in a MUTUAL Life Office , THE WHOLE PROFITS ARE DIVIDED AMONGST THE POLICY HOLDERS , who thus receive amongst themselves that to which they only are justly entitled—the entire advantages of the Fund formed by the premiums they have subscribed . It is for this and other reasons , too numerous to mention in the limits of a prospectus , that the " MUTUAL SYSTEM , " in all its branches , and with its varied improvementshas been
, resolved upon ; to which the Directors have added several novel features in each department , calculated for the benefit alike of the influential classes for which this Society is established , and of the general body of the un-assured community . It will hardly be credited , that up to the present moment scarcely one in three hundred of our vast population has taken advantage of the benefits derivable from " Life Assurance . " To enable Engineers , Mechanics , and others to provide ( as far as human foresi ght ean ) against the contingencies of reverse of fortune , continued sickness , loss of sight , insanity , or any of the misfortunes to which men are liable , and by which their means of providing for
their families are totally cut off , is the object of the Patrons and Directors , who are convinced that the following advantages have only to be brought prominently forward to secure to the Office a very extensive share of business , and to the Assured indemnity against casualties . These classes , which are daily increasing in numbers and importance , are at present comparatively unrepresented in' the field of Assurance , to improve their position is a matter of the highest consequence , and no other method is either so easy or so legitimate as that which is pointed out by the system of Life Assurance adopted by this Society . X . XFE DEPARTMENT ! .
MUTUAL ASSURANCE by which the Assured reaps his full share of the profits : — TAULE NO . 1 . and 2 . A fixed rate of premium during life , as low as is safe for the Office and the Assured . „ 3 . Ascending premiums to increase as a man's circumstances improve . „ 4 . Descending premiums to decrease as worldly means may decline . ] S o . 5 . Assurances for a term of years only . By this method , a person assured may receive in person the amount of his Policy , if he reach the specified age . If he should ( lie at any time previously , even one hour after the Policy has been effected , his family would receive the full amount assured .