Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
Analecta.
AVESTERN LIFE ASSURANCE AND ANNUITY SOCIETY . —New und important feature in Life Assurance . — " That if a party , from unforseen circumstances , should be unable to pay a premium when it becomes due , by making application to the Directors he w . ll be allowed once ( or oftener should the value of the policy at the time of the application permit it ) , to have the privilege of omitting the payment of that premium , ( provided he has already paid three whole premiums at least on the
policy , ) and his policy will be endorsed to tbe effect that it continues in force , as if the premium omitted were paid , being , however , charged with a debt equivalent to that premium , and its interest at ol . per cent ., which will be deducted from the amount of the policy when the assured dies . The policy holder shall , however , have it in his power to free his policy from the debt at any time , by paying the amount due . The great advantages of this feature must at once be seensince it removes the
, usual objections to the ordinary system of Life Assurance , by wbich an assurer often loses all the benefit he sought in paying regularly the premiums for many years on a policy , because , from temporary difficulties , he is unable to pay a premium when it becomes due , ancl the policy consequently lapses to the office . "
THE LONDON INDISPUTABLE LIFE POLICY COMPANY . —As the name suggests , has been founded upon the principles , and practically adopts the remedy pointed out in the pamphlet , for we observe , from their prospectus , that they have prohibited themselves from disputing a policy upon any ground whatever .
DEFECTS OF LIFE ASSURANCE . — " A policy of assurance , which does not make the holder sure of receiving the amount stipulated in it , is a contradiction in terms . The very object of the assurance is , that there may be no doubt as to the result . If there is to be risk after all , it would be better that each man should take the risk of his own life , and simply accumulate his savings . In all the uses which may be made of a policy of assurance—uses which are multiplying and extending every day—its value is injuriously affected by every doubt which can attach to its ultimate validity . This is , in fact , a fraud upon the assured . They pay for assurance , and they clo not get it . "—Extract from the Pamphlet
MANCHESTER FIRE ASSURANCE COMPANY . —The half-yearly general meeting of the court of this company was held November 14 , 1848 , at eleven o ' clock , at the company ' s house , 98 , King Street . The meeting was a very large and influential one , comprising 77 proprietors who held 1392 shares . Air . Edmund Buckley , the chairman of the board of directors , presided . The report was received , adopted , and confirmed , and the thanks of the proprietors were given to the directorsand 600 / . unanimously voted
, to them for their services ; 30 / . was also given to the auditors . A resolution was passed , " That the thanks of the court be , and are hereby presented to Herbert Spring , Esq ., as secretary of the company , for his able and successful management ofthe company ' s affairs . " The chairman in proposing the motion , took occasion to observe that in the short space of four years since Mr . Spring had hatl the management of the company the shares had risen from 8 / . 10 s . per share until they were now sought
for at 18 / . 10 s . Air . Spring returned thanks . The court then proceeded to the election of four directors in the place of those who retired . The chairman having left the chair , a resolution was passed , " That the best thanks ofthe court be and are hereby presented to Edmund Buckley , Esq ,
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
Analecta.
AVESTERN LIFE ASSURANCE AND ANNUITY SOCIETY . —New und important feature in Life Assurance . — " That if a party , from unforseen circumstances , should be unable to pay a premium when it becomes due , by making application to the Directors he w . ll be allowed once ( or oftener should the value of the policy at the time of the application permit it ) , to have the privilege of omitting the payment of that premium , ( provided he has already paid three whole premiums at least on the
policy , ) and his policy will be endorsed to tbe effect that it continues in force , as if the premium omitted were paid , being , however , charged with a debt equivalent to that premium , and its interest at ol . per cent ., which will be deducted from the amount of the policy when the assured dies . The policy holder shall , however , have it in his power to free his policy from the debt at any time , by paying the amount due . The great advantages of this feature must at once be seensince it removes the
, usual objections to the ordinary system of Life Assurance , by wbich an assurer often loses all the benefit he sought in paying regularly the premiums for many years on a policy , because , from temporary difficulties , he is unable to pay a premium when it becomes due , ancl the policy consequently lapses to the office . "
THE LONDON INDISPUTABLE LIFE POLICY COMPANY . —As the name suggests , has been founded upon the principles , and practically adopts the remedy pointed out in the pamphlet , for we observe , from their prospectus , that they have prohibited themselves from disputing a policy upon any ground whatever .
DEFECTS OF LIFE ASSURANCE . — " A policy of assurance , which does not make the holder sure of receiving the amount stipulated in it , is a contradiction in terms . The very object of the assurance is , that there may be no doubt as to the result . If there is to be risk after all , it would be better that each man should take the risk of his own life , and simply accumulate his savings . In all the uses which may be made of a policy of assurance—uses which are multiplying and extending every day—its value is injuriously affected by every doubt which can attach to its ultimate validity . This is , in fact , a fraud upon the assured . They pay for assurance , and they clo not get it . "—Extract from the Pamphlet
MANCHESTER FIRE ASSURANCE COMPANY . —The half-yearly general meeting of the court of this company was held November 14 , 1848 , at eleven o ' clock , at the company ' s house , 98 , King Street . The meeting was a very large and influential one , comprising 77 proprietors who held 1392 shares . Air . Edmund Buckley , the chairman of the board of directors , presided . The report was received , adopted , and confirmed , and the thanks of the proprietors were given to the directorsand 600 / . unanimously voted
, to them for their services ; 30 / . was also given to the auditors . A resolution was passed , " That the thanks of the court be , and are hereby presented to Herbert Spring , Esq ., as secretary of the company , for his able and successful management ofthe company ' s affairs . " The chairman in proposing the motion , took occasion to observe that in the short space of four years since Mr . Spring had hatl the management of the company the shares had risen from 8 / . 10 s . per share until they were now sought
for at 18 / . 10 s . Air . Spring returned thanks . The court then proceeded to the election of four directors in the place of those who retired . The chairman having left the chair , a resolution was passed , " That the best thanks ofthe court be and are hereby presented to Edmund Buckley , Esq ,