The object of this Institution is to bring all the advantages of Life Assurance and Annuity Offices, but in smaller Sums, suitable for the Industrious Classes, within the reach of all.
Examples.—A person in the 25th of his or her age, may by the Monthly payment of 5s. 8d. till 55 years of age, secure an Annuity of £20 per annum, to commence at that age, and continue for life. Other sums and ages in like proportion.
By the present payment of £100, by the person in the 60th year of his or her age an Immediate Annuity of £10 6s. per annum, for life may be secured. Other sums and ages in like proportion.
A person now in the 24th year of his or her age, may, by paying 2s. 6d. per month, secure £40 to be paid to surviving Children or Nominee at the death of the Insurer. Other sums and ages in like proportion.
Insurances of £10 to £200 on CHILDREN, YOUTH, and others, may be secured by easy contributions, payable Monthly or Quarterly.
Examples.—The monthly payment of 2s. 0½d. will secure £20 to be paid when a Child now under two years old, becomes fourteen years of age.
2.—The monthly payment of 3s. 6d. will secure £50 to be paid when a Child, now under three years old, becomes twenty-one years of age.
3.—The monthly payment of 3s. 7d, will secure £50 to be paid when a Young Person, now under twenty-two years old, becomes forty years of age.
Other ages, and higher or lower sums, in the same proportion. Should the Child or Youth die before the given age, all the money paid in will be returned. And Insurers can, at any time borrow two-thirds of the value of their Insurance, on the security of the Policy, without any other expense than interest at 5 per cent. per annum.
Weekly Sums of Money during Sickness or Accident, with Medical Attendance and Medicines whenever afflicted, may be secured by easy Monthly or Quarterly payments, according to age.