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Act of Parliament Actuary adopted advantages afford amongst the assured amount of premium Annuities annum ascending scale ASSURANCE OFFICES Assurance Society Asthma AUDITORS Average Annual Premium Belgrave Square benefit birth birth-day bonus capital Charles City of London claim description of assurance disease effecting an assurance Equitable expiration five per cent Francis Mills Freemasons friends given age half-yearly income increased incur insured interest James John kind of assurance KING WILLIAM STREET lapse Legal and Commercial London Assurance LONDON BRIDGE lower rates means Name of Office National Mercantile Norwich Union obtained parties assured Party proposed pauperism payment period person aged PREMIUM CHARGED Premium per cent premiums required principles proprietary Prospectuses Provident prudent Quarterly queries rate of mortality rate of premium reduction of premium risk Saville Row SCALE OF PREMIUMS scrofula Secretary secure seven Street sum assured Thomas Thomas Heath whole term William William Betts
Page 36 - III , c. 128, (or the Friendly Societies' Act of 1819) which enacts that no Justice of the Peace shall allow of any Tables, &c., to be adopted in any Friendly Society, unless the same shall have been approved by " two persons at the least, known to be professional Actuaries, or persons skilled in
Page 57 - to life assurances and deferred annuities. The assured has, on all occasions, the power to borrow, without expense or forfeiture of the policy, two-thirds of the premiums paid (see Table) also the option of selecting benefits, and the conversion of his interests to meet other conveniences or necessity. Assurances for terms of years
Page 33 - If the premiums were really too low, capital would be an injury, and not a benefit; for, since this capital is really paid for, in whole or in part, out of premiums, it would not "preserve the office from insolvency, but would rather accelerate its progress towards
Page 57 - FERGUSON CAMROUX, Esq. This Institution embraces important and substantial advantages with respect to life assurances and deferred annuities. The assured has, on all occasions, the power to borrow, without expense or forfeiture of the policy, two-thirds of the premiums paid (see Table) also the option of selecting
Page 33 - they vary somewhat with the amount of business, yet do not by any means increase as fast. In the first year of its existence, it would not be surprising if all the premiums
Page 29 - that they cannot get for their policies even as much as the amount of their premiums, to say nothing of interest. Each of them reasons thus :—"Since I did not die, the office lost nothing by me, and, as it has turned out, ran no risk
Page 12 - realized after the policy had run 262 days ; £800, after 330 days; £600, after 206 days; £1000 after four months, and so forth. Some years ago there occurred one particular case of a very striking nature. An industrious man, engaged in
Page 53 - HEALTHY LIVES, both at Home and in Foreign Climates, are Assured with as much facility and at lower rates than at most other offices; and a capital of Half-a-Million sterling fully subscribed affords a complete guarantee for the fulfilment of the Company's engagements. FRANCIS GP NEISON, ACTUARY.
Page 36 - An Actuary combines with the duties of a Secretary those of a scientific adviser to the Board, which gives him his office, in all matters involving calculation, on which it may be supposed that the members of the