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abroad; whole world and unchallengeable policies ; imme-diate payment of claims after proof of death and title.Provision is also made for loan of premiums where policyholders, from some temporary cause, are unable to paythem.The Company’s prospectus includes tables of premiums

for various descriptions of life assurance.To that considerable body of medical men who in starting

wish to provide as large an amount as possible in case ofpremature death at a small premium, this Company sTable Ill. is specially applicable.

Example.—£1000 may be assured under this table onlife aged thirty years next birthday by an annual paymentof £13 10s. during each of the first five years, and ;S27 10s.during remainder of life, the policy being entitled to sharein profits after payment of the sixth premium. In approvedcases the five years might be extended to seven.To those assurers who desire their declining years should

be relieved from the payment of premiums this Company’sTable IV., showing premiums limited to ten, fifteen, andtwenty years, is applicable.

Example.—£1000 may be secured under this table on lifeaged thirty years next birthday by payment of an annualpremium of 950 5s. during ten years, or 37 5s. duringfifteen years, or f30 15s. during twenty years. Under this

table, also, it is provided that should the assured wish todiscontinue his policy, say, at the end of five years, and tobe relieved from payment of all future premiums, theamount assured would simply be reduced to the proportionwhich the premiums paid bore to the full premiumspayable-viz., £500, £333 6s. 8d., or £250.To those who wish to combine with assurance the accumu-

lation and payment to them at a given age of annualsavings, Table V. is suitable.

Example.—A person aged thirty years next birthday mayinsure £100 at age fifty by paying annually £5 5s., or atage sixty by paying annually £3 10s. 6cl., and should henot survive the specified age, the £100 would be paid atdeath to his representatives.

THE LEGAL AND GENERAL LIFE ASSURANCESOCIETY,

10, Fleet-strect, E. C.This Society was founded in 1S36, and has now an

income of about JE250,000 and funds amounting to f2,345,000.The Society in 1886 introduced its perfected system of lifeassurance, and under that system has transacted a verylarge new business.The three points for an insurer to consider are:

(1) Security; (2) liberality of conditions; and (3) theprospects of bonus or profits.The security offered by the Legal and General is very

great, and, in addition to the invested funds, there is thecapital of the Society of £1,000,000, all of which is held bymembers of the legal profession, and of which only160,000 has been called up.The second point for consideration is the conditions of

assurance. The policies of the Society are free from allconditions and restrictions, and afford a simple contractproviding for the sum assured in return for a specifiedpremium. (A copy is fumished to all proposers.) This isa point of great importance to medical men, whose dutiesoften call them abroad. Policies are also " indisputable,"and cannot lapse by non-payment of the premiums as longas any surrender value attaches to them. The third pointis the prospect of bonus or profits.The bonuses given by the Society have always been very

large, and there is every probability of their being main-tained or increased, as the Society’s valuation has alwaysbeen at a low rate of interest-3 per cent.-and by themost stringent tables, those known as the Actuaries’ Hm andHm5 being employed on the last occasion.The consequence of employing these stringent methods of

valuation is to provide a larger reserve in proportion to theiabilities and to safeguard every interest.The Society grants annuities, both immediate and

leferred, endowments, and all kinds of assurances dependenton life.Every information is furnished by the Society free of

;harge, the forms used are of the simplest description, andivcry effort is made to expedite business. The chief office)f the Society is at 10, Fleet-street, London.

LIFE ASSOCIATION OF SCOTLAND.82, Princes-street, Edinburgh.

London Offices: 5, Lombard-street, and 123, Pall-mall.The Life Association of Scotland has a scheme called

"Investment-Assurance," which is peculiarly well adaptedto meet the requirements of gentlemen engaged in themedical profession, securing, as it does, immediate lifeassurance at a moderate cost, with a capital investment forsavings, and an ultimate valuable provision for the old ageof the policy holder himself. By effecting a policy in thisclass, a medical man can therefore not only provide for thosedependent upon him at his death, but at the same time hecan look forward, should he not die before the averageperiod, to having a Pension for himself, payable during thelater years of his life, when he may possibly want to retire,either wholly or to some extent, from active practice. The

premium is only the ordinary " with profit" premium, pay-able throughout life, and the principle carried out in thesystem is this : That the profits are reserved and accumu-lated for the exclusive benefit of those of the assured whoattain the average "expectation of life" of persons of

their age at entry ; the result being that all those whosurvive their " expectation secure very large bonuses, theadditions to their sums assured far exceeding what can beobtained under any of the ordinary systems-see examplesin the Association’s prospectus. The profits are allocatedevery five years in the form of contingent additions to thesum assured, payable at death, provided that does notoccur before the assured’s "expectation of life has beenattained. Immediately on his surviving his" expectation,"the policy holder may deal with the bonuses as he thinksbest, and he may then either allow them to remain as anincrease to the sum assured, payable at death, or he mayhave them converted into an equivalent cash payment, or intoa pension of important amount for the rest of his life. At eachof the past five quinquennial divisions of profit-that is,since the commencement of the class in 1860-the con-

tingent bonus additions made to the sums assured havebeen at the rate of £4 per L- 100 per annum, payable as abovementioned, and, assuming that this rate of bonus will becontinued in the future (as to which, of course, no guaranteecan be given), the following is an illustration of the benefitsunder a £1000 policy effected at age thirty next birthday atentry :- Age at entry 30.

Annual premium .625.Sum assured, payable at death whenever it happen, E1000.

, " Expectation of life " will be attained in 34 years fromentry-that is, at age G4, when bonuses vest.

The bonus additions to the policy will then amount

Making the total sum assured and bonuses payable

changing the policy and bonuses for a paid-up

Or he may continue the policy at the same

premium and exchange the bonuses alone for a j

A table of similar illustrations of the results for entrantsat every age, and copies of the Association’s prospectus andtables of rates may be had on application.

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A policy in this class is virtually world-wide and uncon-ditional, and every practical facility and privilege has beenextended to the policy holders.

LIVERPOOL AND LONDON AND GLOBEINSURANCE COMPANY,

7, Cornhill, E.C.With reference to your circular letter of Nov. 5th, I

enclose one of this Company’s prospectuses. There aretables therein for: Whole term, with profits (B); wholeterm, without profits (A); whole term, endowment assur-ances (G and H); temporary assurances (C); whole term,limited payments (E and F); which I gather from your ’,article of Oct. 18th last are those descriptions of life assur-ance which appear the most desired by the medical pro-fession, and from whom the directors have at all times beenready to receive proposals upon the same favourable termswhich have been conceded to the rest of the community.As regards the medical profession generally, the "fewcorrespondents of THE LANCET who look upon any offer ofspecial advantages with suspicion" are, in my opinion, byno means unjustified in the view which they have formed,and to which they would find more numerous adherentsupon deeper consideration being given to the subject bytheir professional brethren, it being clear that it is mostdifficult to grant what are termed special terms to oneclass of men without doing injustice to others from whomsuch concession may be withheld. For example, doctorscould hardly be expected to give their support to any schemedispensing with medical examinations, whilst some otherclasses are glad to have found a precedent for such a course,unmindful of or uncaring for the fact that they place theother assured at a disadvantage.

LONDON ASSURANCE CORPORATION,7, Royal Exchange, London, E.C.

It is our practi ce to treat all the policy h olde rs withIt is our practice to treat all the policy holders with equalfairness, and not to give any section of them advantageswhich cannot be enjoyed by the whole body.

LONDON AND LANCASHIRE LIFE ASSURANCECOMPANY.

Established 1862. Head Office : 66, Cornhill, E.C.DISTINGUISHING FEATURES.

1..Low rates of premium, as shown by the following special rates, for an assurance of £100 for the whole term oflife, with profits, declared every five years.

The average reversionary bonuses varied from £1 to.61 lox. per cent. per annum, and, based on the last divisionof profits, were equivalent to about 60 per cent. of the pre-miums paid during the quinquennium.

2. A new scheme of endowment assurance, particularlyadapted to the requirements of medical and other pro-fessional men, offering special advantages to those who aredesirous of creating a fund available in later years, com-bining a family provision with a good investment or anannuity for life.The following table shows the benefits that may be

secured by an endowment assurance, taken out at theundermentioned ages and maturing at sixty.Sum assured £1000, payable, in the event of death, before

attaining age sixty.Estimated Results at the end of the Term.

Policies are, after three years, non-forfeitable, eachannual premium paid securing a proportionate part ofthe sum assured without any further premiums to pay, orthe policy may be surrendered for the equivalent cash value.

3. Liberal conditions, rendering the policy practicallyworld-wide and indisputable from the commencement.

4. Claims paid immediately on proof of death and title.

THE METROPOLITAN LIFE ASSURANCESOCIETY,

3, Princes-street, Bank, E.C.Established in 1835 for mutual assurance.The principles upon which the business of the Society is

carried on are distinctive in many respects. It employs noagents, and therefore pays no commission; it has no shareholders, and therefore pays no dividends-the saving thuseffected being returned by way of bonus to the members.The entire expenses of management are only 4 per cent. ofthe income.The method of division of the surplus, too, is peculiar,

but entirely consistent with the expressed aim of thefounders-namely, to provide assurance of fixed amount atthe least possible outlay.With this object the surplus funds are applied exclusively

in reduction of premium, instead of in augmentation of thesums assured. The full premium is payable for five yearsonly, and is thereafter subject to abatement according tothe result of the annual valuation ; only such a proportionof the nominal premium being then charged as will suffice,with the funds in hand, to provide for the sums assured atdeath.The reduction of premium for the present year is 40 per

cent. on all policies of the current series which have beenfive years or more in force. For example, a man whoeffected a policy for £1000 at age thirty in 1885 at anannual premium of jE24 17s. 6d. is this year charged only.614 18s. 6d., with the prospect of gradual further reductionas time goes on.Such favourable results are the effect of economy of

management and judicious selection of lives; the latterpoint being one of which all members of the medical pro.fession will appreciate the importance, while the value ofthe former is patent to everyone.No alteration of the published terms and conditions is

made in favour either of individuals or classes, but allmembers share alike in the advantages of a purelycooperative society.

Participation in the profits is restricted to holders ofordinary whole-life policies, but the Society also grantsendowment assurances, joint life, survivorship, and periodpolicies, &c., at very low rates.

Finally, the office is possessed of ample funds to meet itsliabilities, which are valued by the Hm table at 3½ per cent.interest, and its investments and accounts are submittedannually to the scrutiny of professional auditors.

MUTUAL LIFE ASSURANCE SOCIETY,39, King-street, Cheapside.

The Mutual Life Assurance Society is a purely MutualOffice, established in 1834, with the object of securing to itsmembers the greatest benefits to be derived from the mostperfect system of life assurance. The funds amount tonearly fifteen times the annual Premium Income, and areover 41 per cent. of the total sums assured. New entrantsshare equally with the old in the large accumulated surplusof £464,000, according to the premiums paid, accumulatedat 3 per cent. compound interest. The Society transacts allclasses of life assurance business. No preference is given toany class or body of persons. Members of the medical pro-fession are taken on the same terms as other first-classlives.

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MUTUAL LIFE INSURANCE COMPANY OFNEW YORK.

Established 1843. Head Office for the United Kingdom,17 and 18, Cornhill, London, E.C.

A man insuring his life, especially if he be a medicalpractitioner just starting, wants to accomplish two purposes:first, to secure the largest amount of immediate insurance