The Sun.
London, England, 1853-05-24 00:00:00

ON THE ORDINARY SYSTEM.

The sum the ordinary
The sum the, Life Offices would give
ordinary Life him if he were unable
Offices would to pay, or if he omitted
At the Ms give him for to pay his current
end of policy the surrender annual premium of
ct Annual thirty at that or sale 81. 68. 3d. after he has
premium lyearswhen age, of his policy, paid into their coffers
to ensured the party In case after thirty 2491.78.6 d., and which
5001. is fifty of years'payments they have had the use
years old, death amounting to 1 of at compound
howill have will be 2491. 7s. 6d. interest, or In
paid into worth which theyhave the event of his death
:" ;
the office. bad the benefit one hour after such
of at compound omission or inability
interest. to pay.
little more 1
?0 68.3 d. 2491.75.6 d. 5001. than 801. NOTHING.
perhaps 901.

ON TIIE DEPOSIT SYSTEM.
Ifunable to pay, or not
desirous of paying or
omitting topay,thePo-
licy would still remain
of its FULL value,
522/.25.7d.ti1l death, if
20 years after, no fur-
ther payment beingre-
quired. Ifhowever the
party, from any cause,
wished to cancel the
Policy, he could not
only draw out all hehas
put in, viz., 2251., but
621.
20, 7/. lOs Od 2251. 5221.257 d M a certain bonus of I. 2s, 9d. 2s. 9d. in the bargain,
which is more
than one-fourth of the
whole ofhis payments,
or he could either draw
out a part, 201. or 501.,
diminishing the Policy
only by the assured
value of the sum se
drawn out at the age
when withdrawn. See
pages 5 andfin detailed
pamphlet, by
F. G. P. Neison, Esq.

On comparison of these two tables it will bo seen that a person
tinder the novel system of DEPOSIT assurance can secure the follow
og advantages, viz.. Ist. For a less sum, paid annually, he can assure
a larger sum in case of death than under the ordinary system.
Idly. 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 remairs still his property,
of the same value as it was, though he cease Iris current payments
!or any number of years ; whereas on the ordin try system, ho gets
nothing. 4thly. Should he require to increrse 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 withi interest. After be
has withdrawn part one year he can, by a sh.tgle 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
narg lin of having a fund to fly to in case of necessity, tho same as
la a bank, with this palpable advantage, however, that he gets Inte-
rest for his money, and in case of death his family receive more than
the amount of his savings. In ordinary Life 0 flices he can do no
such thing, but his policy at once lapses or is cancelled the raoment
he ceases to pay his current premiums, and, ingtead of having any
rand to fly to for aid, all his hat 'l-earned savings. become forfeited to
the society, and his misfortunes 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 only system of assurance which can be
universally recognised 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
hands of the Company to the representatives of the Depositor in
case of death, thus combining the
ADVANTAGES OF A BANK WITH THE BENEFITS OF