Persistent identifier:
00660469
image: of 452
Hand-in-Hand Fiee & Life Insurance Society (continued).
LIEE DEPARTMENT.
The important advantages offered by the plan and constitution of the Life Department of this Society, are—
That Insurers are protected by a large invested Capital upon which there is no Interest to pay, and for which no deduction of any kind is made:— which enables the Directors to give the whole of the profits to Insuring Members.
That the profits are divided annually amongst all Members of five years' standing, and applied towards reducing Life Insurance to the lowest possible rates of Premium.
The following Table exhibits the abatement of Premium that has been made for the past Eleven Years to Members of Five Years' standing
Years of Rate of Years of Rate of
Division. Abatement. Division. Abatement.
1842 £45 per Cent. 1848 £50 per Cent.
1843 45 99 1849 52| „
1844 45 99 1850 52|
1846 50 99 1851 52|
1846 50 99 1852 52|
1847 50 99
A Policy taken out on or before 24th of June, 1847, at an Annual Premium of £100, will consequently be charged £47 10s. as the Premium for the Year 1852, and it is expected that an equal abatement will in future be annually made. '
That persons insuring their own lives, or the lives of others, may become Members.
f That persons who are willing to forego participation in the profits, can insure at a lower rate than that charged to Members.
The following Table will show the effect of the Reduction of Premium made by the Society on Members' Policies that have been five years in force:
Age when Insured. Sum Insured. Annual Premium for first 5 years. Reduced Premium.
£ s. d. £ s. d.
30 100 2 13 5 15 6
40 100 3 7 11 1 12 3
30 500 13 7 1 6 7 0
40 500 16 19 7 8 13
45 1000 38 19 2 18 10 1
40 2000 67 18 4 32 5 2
45 5000 198 15 10 92 10 6
This system of reducing the Premiums affords immediate benefit to the Members, or enables them to insure a further sum upon their Lives equal to more than one-third of the present Policy, without any additional outlay.
AGENTS FOR SOUTHAMPTON,
Messrs. EDWARDS AND BOODLE, Solicitors.
AGENT FOR PORTSMOUTH,
J. CALCOTT, National Provincial Bank of England.
27
Facebook Twitter Stumbleupon Delicious Digg RSS