Page 87 - Canadian Dominion Directory 1871 - Partie 1-fusionné

HAMILTON.
THE
Company

Incorporated by Act of Parliament.

HUGH C. BAKER, ESQ, President; JOHN YOUNG, ESQ, Vice-President.
Banker*—THE BANK OF MONTREAL.

THE CANADA LIFE ASSURANCE COMPANY offers peculiar advantages to par-
ties who intend to assure their lives, among which the following are a few of the most
prominent.
First.—Lower rates of premium than have ever been offered by any other respec-
table company transacting business in the Province.
It is conceived that it cannot be too often explained, that this advantage is altogether
consequent upon, the higher rate of interest which is obtained in Canada, where the
funds of the Company are altogether invested, than in Great Britain, and not upon any
supposition that life here is on the average of longer duration than it is there, on the
contrary, to provide for the possibility that the value of life is less in Canada, the rates
of this office have not been reduced in anything like the proportion which the higher in-
terest of money would warrant, the Directors preferring to leave no room for hesitation,
remembering that no great injustice can result, in consequence of the assured having the
option of sharing in the profits realized.
Second.—The quickness with which claims are settled in the CANADA, no longer
time being necessary than is sufficient to prove the death, and the validity of the claim
made on the sum assured.
This, it must be admitted, is a decided improvement; for it is a well known fact that
promptitude in the settlement of claims by death was very rarely the case among those
life offices which had merely agencies in the Province, and where, of course, every
claim had to be referred to head quarters in Great Britain before it could be adjusted.
Third.—After payment of one premium, if the party assured wishes to discontinue
his policy, another policy payable at death will be granted, in lieu thereof, for a sum
which shall equitably represent the value of the payment, or payments, made.
Fourth.'—The promptitude with which calculations can be made for any transaction
contingent on the duration of life, which is not to be met with in the published tables.
Fifth.—The very moderate expenditure of the Company, as compared with the ex-
penditure of most British companies, it being the aim of the Board to curtail expenses,
that as much as possible may accrue to the profits of the assured.
Sixth.—That it is the only Canadian Life Assurance Company, and therefore justly
entitled to the support of those interested in the welfare of Canada ; that in the face of
a strong prejudice against Canadian institutions ; notwithstanding the all prevailing igno-
rance respecting the nature and advantages of Life Assurance, which, in a great measure,
it has done away with ; and although opposed by long established, (but to a certain ex-
tent foreign,) companies, it promises, at no very distant period, to rank in point of
wealth and importance, as it now does in actual utility, with the wealthiest and most
important of the monied institutions in British North America.
THE FOLLOWING ARE SPECIMENS OF THE RATES TO ASSURE £100 AT DEATH;
FOR LIFE WITH PROFITS—(New Rates.) FOR LTFE WITHOUT PROFITS.
Age. £ s. d. £ s. Age £ s. d. A S £ s. d.
15 1 8 6 40 . 3 1 15 . 1 6 5 40 .2 14 8
20 1 12 8 45 .3 11 20. 1 9 11 45 . 3 4 0
25 1 17 10 50 .4 5 25 . 1 14 7 50 .3 17 11
30 2 4 6 55 . 5 7 30. 2 0 2 55 .4 19 11
35 2 11 4 60 . 6 17 35. 2 6 4 fin .6 9 U