LIFE SOCIETY: Guarantee Fund, £50,000.
This Society is established on the just principles of Mutual Life Assurance, without entailing on its Members the liability incurred in other Institutions of a similar character.
The Justice and Liberality of its Principles, and their suitability to the wants of the Public, have obtained for it a large and rapidly increasing business; and it may fairly be considered one of the most flourishing and successful institutions of modern date.
The Policies, being INDISPUTABLE, entail no trouble or inconvenience to the survivors.
PERSONS ASSURED IN THIS OFFICE HAVE THE FOLLOWING PRIVILEGES:
Every Member has a right to vote in the Election of Directors and Officers, by which means the Assured possess full control over the management and affairs of the Society.
Annual publication of Accounts, which are audited by Public Accountants, who are in no way interested in the Society.
No advantage is taken of a Member’s temporary inability to pay the Premium, as the Society will, on application, advance the required amount as often as the value of the Policy will admit.
No charge made for Policy Stamp, Entrance Money, or Medical Fees, nor is any other payment required beyond the Premium.
Should a Member fall into difficulties, or be otherwise totally unable to continue his payments, he would not, as in other Offices, lose all he had paid in, but would have a fresh Policy granted to him, Free from ant further Payments, and equivalent to the sum he had paid.