The Sun.
London, England, 1852-11-16 00:00:00

ON THE ORDINARY SYSTEM.

The sum the ordinary
The sum the !Life Offices would give
ordinary Life him if be were unable
li:, Offices would to pay, or if he omitted
.3 At the His give him for to pay his current
,o
.c end of policy the surrender annual premium of
4.4 Annual thirty at that or sale 81.65. 3d. after he has
paid into their coffers
.ri.
tpor eu
assurem ytehare sp wa r
th eyn I
na
caseg e , oaffte hisr ptholirietyy,
249/.75.6d., and which
O 500/.41 is fifty of years'paYme they have had the use
el)ec years old, death amounting to of at compound
.41 hewill have will be 2491. 75. 6d. interest,.* or in
paid into worth whichtheyhat , e event of his death
the office. had thlller '.. • ~ , atter a. ,
._. . ........ A i1D.,,, ~,,, -,,,,. ..,,,,W... - ' illyr a ~t-POlin . I'l'l 4 ..,'lst•trta. ;•. f
interest. to pay.
---
little more
20181. 6s. 3d.112491. 75.64. 5001. than 80/.
I XOTHING.
perhaps 901.

omitting
IFarrl, still
.n u value,
sraoel
ufme6a,2iln.
wq2ouhioYrleead :0
fur-
therEilsis2;ec. u2oyieif.nr tf.b,:aa.
desiroust.
yuvl:nemil
dt
ort
0. oe. t i
llf,puppa2tay2adbewai
nh.
no,
etrgghbpnr:uoocirttf
ON THE DEPOSIT SYSTEM.
ritihso after,
w e yn
eo r
th the
patty, from any cause,
wished to cancel the
Polley, he could not
onlydraw out all hehas
put 3
20 71.101 Od 225/. 5221.257 d 2871. 2s. 9d.
in the bargain,
which is more
than one-fourth of the
Payments,
or he could either draw
out a part, 201. or 501.,
diminishing therolicy
only by the assured
value of the sum se
drawn out at the age
when withdrawn. See
pagess and7in detailed
pamphlet, by
F. G. P. Nelson, Esq.

* The rates here selected are those adopted by the English and
Cambrian Office, and advertised in its distinctive features as low
rates of premium, and professedly for the lower and midcting classes.
In most offices, particularly the older ones, such as the Scottish
Equitable and the Globe, these rates would be uch higher. I a the
former of 101.75. 6d., with 10 shillings per cent m.
entrance fee, would
be the rate to insure 500/. at 20 years of age. In the latter 8/. 13s 4d.,
to insure the same sum. The higher the rate the more in favour of
the DEPOSIT system.
** Money laid out at compound Interest DOUBLES ITSELF everyfour-

teen years.
On comparison of these two tables it will be seen that a person
under the novel system of DEPOSIT assurance can secure the follow-
ing advantages, viz., I st. For a less sum, paid annually, he can sssure
a larger sum in case of death than under the ordinary system.
2ndly. In the event of a desire to surrender his
Policy he can receive
in this Company, by the above example, which applies to all ages,
THREE times as much as on the ordinary system. 3rdly. In the event
of inability or omission to pay, his policy remains still his property,
of the same value as it was, though he cease his current payments
for any number of years ; whereas on the ordinary system, he gets
nothing. 4thly. Should he require to increase or decrease the
amount of his policy he can do so at pleasure. He can, at any time,
by giving a fortnight's notice, withdraw any part from 11 up to the
whole amount of his previous payments and with interest. After he
has withdrawn part one year he can, by a single payment, three
years, or any time afterwards. raise his policy to a greater or even
its former amount; and by this system he can at all times regulate
his annual savings by his annual expenditure, with the facility in the
bargain of having a fund to fly to in case of necessity, the same as
in a bank, with this palpable advantage, however, that he gets into-
rest for has money, and in case of death his family receive more than
the amount of his savings. In ordinary Life Offices be can do no
such thing, but his policy at once lapses or is cancelled the moment
he ceases to pay his current premiums, and, instead of having any
fund to fly to for aid, all his hard-earned savings become forfeited to
the society, and his raisforiunts serve to benefit the pockets of his
more fortunate co-assurers. _ . .

Such a system is too equitable and too striking to be overlooked,
and DEPOSIT assurance is the twill trysts.* of assurance which can be
universally recognized and adopted when the principles are impar-
tially canvassed, and its palpable benefits become widely diffused. It
confers greater advantages than a bank because it allows a fair rate
of interest in case of withdrawal, and gives twice the amount In the
bands of the Company to the representatives of the Depositor in
case of death, thus combining the
ADVANTAGES OF A_BANE WITH THE BENEFITS OF