Every Guinea subscribed annually beyond the first Guinea above mentioned, produces the Subscriber an Assurance on his life, according to the Tables specially calculated by the Consulting Actuary of the Institute, and which are in compliance with the Act of Parliament regulating such matters. The Policies are issued by the Institute under the Friendly Societies' Act, and which are legally guaranteed by the Athenæum Life Assurance Society, which, also appealing more particularly to Literary and Scientific Men, has made an arrangement that is liberal and advantageous to the Athenæum Institute.
By this arrangement every Provident Member is equally safe, whether the members of the Institute be few or many.
One Subscriber is thus rendered as secure as a thousand.
Annual Subscribers of Two Guineas or more are entitled to become Directors: and in awarding relief, regard will always be had to the amount subscribed.
It will be perceived by these arrangements, that every member of the Athenæum Institute has the full value returned to him of every Guinea subscribed beyond the first, in a Policy on his life; and that he also has a participation in the Capital Fund formed by the Subscriptions, Donations, and Endowments of the Honorary Subscribers; a privilege which it is probable will add from fifty to a hundred per cent. to his individual contributions.
The Friendly Societies' Act, under which the Institute is registered, will not permit a member to make an Assurance beyond 100l., the Institute is therefore limited to this amount: but the Athenæum Life Assurance Society, which so liberally assists the Institute, will insure to any amount, and in any mode. It is desirable that the members of the Institute should assure up to the 100l. allowed by the Act, and the Tables will shew the annual amount required, according to the Age of the Subscriber. The power of NOMINATING A WIFE OR CHILD, irrespective of all other claimants, is also a great inducement to assure in the Institute to the utmost amount, namely, 100l.
It is contemplated, as the Institute progresses, to add Protective and Educational Branches.
The union of numbers has established the various Commercial and Philanthropic Institutions of the Empire, and it is earnest urged that Authors and Journalists should take advantage of their numbers. Nothing can be accomplished without numbers—with them everything. The appeal now made is universal in its application to Literary workers, and it is hoped it will be responded to so as to neutralise all cliquism, whether arising from literary sectarianism, or the antagonism of political sentiments.
F. G. TOMLINS, Manager,
30. Sackville Street, London.