Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
Engineers', Masonic, And General Mutual ...
ENGINEERS ' , MASONIC , AND GENERAL MUTUAL LIFE , ANNUITY , FAMILY ENDOWMENT , AND LOAN ASSOCIATION . PROVISIONALLY REGISTERED UNDER ACT OP PARLIAMENT , 7 & 8 VICT . CAP . 110 .
COURT OF DIRECTORS . ( With power lo add to their number ] , W . F . DOBSON , Esq ., M . A ., Chairman , 47 , Glou- A . COLLINGRIDGE , Esq ., 4 , Manchester-buildings ' cester-pl ., Portman-sq . Parliament-st . R . T . CIIUCEFIX , Esq ., LL . D ,, Chairman of J . ELLISON , Esq ., 5 , Great Miirylebonc-st ., Port-Committee , "MUton-on-Thames . land-pi . F . HEATH , Esq ., Ingress Lodge , Greenhithe . E . A . I-IILDER , Esq ., Milton-on-Thames . T . L . WILSON , Esq ., 14 , Hertford-st ., May-fair . R . HART , Esq ., 2 , Middle Temple-lane . H . MARSHALL , Esq ., 21 ) , Queen-st ., May-fair . A . LANG , Esq ., 12 , Buckingham-st ., Strand . ParliamentstWestminster 118 Fenchurchst
T . TYERMAN , Esq ., -., . W . CHAPLAIN , Esq ., , -., City . J . BARWISE , Esq ., 12 , Gloucester-gr ., OldBromp . H . T . WILDE , Esq ., Serjeant ' s-inn . Medical Officer—J . ELLISON , Esq ., M . D ., S , Great Marylebone-street , Portland-place . Standing Counsel . 1 Solicitors . M . B . BEGBIE , Esq ., 40 , Chancery-lane . 1 Messrs . PRICHARD & COLLETTE , . > 7 , Lincoln's Inn-fields . 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 ofthe 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 . Instead of permitting thousands upon thousands of pounds to accumulate , as is tbe case in the majority of Life Offices , to be divided hereafter by way of bonus , ov addition to tbe Policy of each deceased member , at uncertain intervals and in small amounts , it is the purpose of the Court of Directors of this Association to provide , as prudence dictates , a "Rest" or " Guarantee Fund , " sufficient to cover the whole ofthe liabilities on outstanding Policies , and to appropriate the surplus funds to the benefit ofthe assured whilst living , or to his widow and children at his decease .
ADVANTAGES IN THE LIFE DEPARTMENT . MUTUAL ASSURANCE by which the Assured reaps his full share of the profits : — No . 1 . A fixed rate of premium during life , as low as is safe for the Office and the Assured . 2 . Ascending premiums to increase as a man ' s circumstances improve . 3 . Descending premiums to decrease as worldly means may decline . 4 . Assurances for a term of years only . 5 . Credit given for half the premiums during " whole life" to remain as a debt upon the Policy . 6 . Premiums from members received quarterly , half-yearly , or yearly . 7 . Premiums
from non-members , such as small Tradesmen , Railway and other Clerks , Artizans , and Mechanics , will be received by monthly payments , an evening in each month being set apart for that purpose . In case of continued sickness , or inability from loss of work , or other causes to keep up the Policy , the whole sum paid in will be returned , subject to a reasonable deduction for office management . One Third , of all premiums received , will be returned to every Assurer , if he wishes to discontinue his Policy , on twelve months' notice being given of his intention to abandon it . The limits within which the Assured may reside , without any extra premium being
required , to be the whole of Europe . Thirty days beyond the time specified in the Policy to be allowed for the payment of premiums . If beyond that time a second appearance before the Medical Officers will be necessary ; if then in good health , the Policy will be renewed within three months on payment of a small fine . All claims to be payable within three months after satisfactory proof of the death of the person assured , or earlier , subject to such regulations as the Court of Directors may determine . The share of profits allocated to an Assured may either be applied in reduction of future
annual premiums , or be added to the Policy by way of bonus , or received at once in Cash . No entrance fee will be charged for admission to membership . No CHARGE WHA'lEVER WILL BE MADE FOB . POLICY STAMPS . * „ * Policies may be effected from £ 25 up to £ 5000 . IMMEDIATE AND DKFEllllKl ) AKNUl'I'll-. S WJ 1 . J , BE CHANTED .
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
Engineers', Masonic, And General Mutual ...
ENGINEERS ' , MASONIC , AND GENERAL MUTUAL LIFE , ANNUITY , FAMILY ENDOWMENT , AND LOAN ASSOCIATION . PROVISIONALLY REGISTERED UNDER ACT OP PARLIAMENT , 7 & 8 VICT . CAP . 110 .
COURT OF DIRECTORS . ( With power lo add to their number ] , W . F . DOBSON , Esq ., M . A ., Chairman , 47 , Glou- A . COLLINGRIDGE , Esq ., 4 , Manchester-buildings ' cester-pl ., Portman-sq . Parliament-st . R . T . CIIUCEFIX , Esq ., LL . D ,, Chairman of J . ELLISON , Esq ., 5 , Great Miirylebonc-st ., Port-Committee , "MUton-on-Thames . land-pi . F . HEATH , Esq ., Ingress Lodge , Greenhithe . E . A . I-IILDER , Esq ., Milton-on-Thames . T . L . WILSON , Esq ., 14 , Hertford-st ., May-fair . R . HART , Esq ., 2 , Middle Temple-lane . H . MARSHALL , Esq ., 21 ) , Queen-st ., May-fair . A . LANG , Esq ., 12 , Buckingham-st ., Strand . ParliamentstWestminster 118 Fenchurchst
T . TYERMAN , Esq ., -., . W . CHAPLAIN , Esq ., , -., City . J . BARWISE , Esq ., 12 , Gloucester-gr ., OldBromp . H . T . WILDE , Esq ., Serjeant ' s-inn . Medical Officer—J . ELLISON , Esq ., M . D ., S , Great Marylebone-street , Portland-place . Standing Counsel . 1 Solicitors . M . B . BEGBIE , Esq ., 40 , Chancery-lane . 1 Messrs . PRICHARD & COLLETTE , . > 7 , Lincoln's Inn-fields . 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 ofthe 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 . Instead of permitting thousands upon thousands of pounds to accumulate , as is tbe case in the majority of Life Offices , to be divided hereafter by way of bonus , ov addition to tbe Policy of each deceased member , at uncertain intervals and in small amounts , it is the purpose of the Court of Directors of this Association to provide , as prudence dictates , a "Rest" or " Guarantee Fund , " sufficient to cover the whole ofthe liabilities on outstanding Policies , and to appropriate the surplus funds to the benefit ofthe assured whilst living , or to his widow and children at his decease .
ADVANTAGES IN THE LIFE DEPARTMENT . MUTUAL ASSURANCE by which the Assured reaps his full share of the profits : — No . 1 . A fixed rate of premium during life , as low as is safe for the Office and the Assured . 2 . Ascending premiums to increase as a man ' s circumstances improve . 3 . Descending premiums to decrease as worldly means may decline . 4 . Assurances for a term of years only . 5 . Credit given for half the premiums during " whole life" to remain as a debt upon the Policy . 6 . Premiums from members received quarterly , half-yearly , or yearly . 7 . Premiums
from non-members , such as small Tradesmen , Railway and other Clerks , Artizans , and Mechanics , will be received by monthly payments , an evening in each month being set apart for that purpose . In case of continued sickness , or inability from loss of work , or other causes to keep up the Policy , the whole sum paid in will be returned , subject to a reasonable deduction for office management . One Third , of all premiums received , will be returned to every Assurer , if he wishes to discontinue his Policy , on twelve months' notice being given of his intention to abandon it . The limits within which the Assured may reside , without any extra premium being
required , to be the whole of Europe . Thirty days beyond the time specified in the Policy to be allowed for the payment of premiums . If beyond that time a second appearance before the Medical Officers will be necessary ; if then in good health , the Policy will be renewed within three months on payment of a small fine . All claims to be payable within three months after satisfactory proof of the death of the person assured , or earlier , subject to such regulations as the Court of Directors may determine . The share of profits allocated to an Assured may either be applied in reduction of future
annual premiums , or be added to the Policy by way of bonus , or received at once in Cash . No entrance fee will be charged for admission to membership . No CHARGE WHA'lEVER WILL BE MADE FOB . POLICY STAMPS . * „ * Policies may be effected from £ 25 up to £ 5000 . IMMEDIATE AND DKFEllllKl ) AKNUl'I'll-. S WJ 1 . J , BE CHANTED .