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

TILE DEPOSIT SYSTEM.

1
if unable to pay, or not
desirous of paying or
omitting topay,theYo-
licy would still remain
of ruLt. value,
522/.25.7d.ti1l death, if
20 years after, no fur-
her payment beingre-
(mired. If however the
party, from any cause,
wished to cancel the
Policy, he could not
onlydraw out all hehas
put In, viz., 2251., but
20.71, Ws 02 2251. 5221.237 d 2871. 2s. 9d, a certain bonus of 62/.
23. 9d, in the bargain,
which is more
than one-fourth of the
whole of his payments,
or he could either draw
out a part, 201. or 501„
diminishing the Policy
only by the assured
value of the sum is
drawn out at the age
when withdrawn. Bee
pagess
mp and 7 in detailed
pahlet. by
F. G. P. Nelson, Esq.

On comparison of these two tables it will be seen that a person
under the novel system of DEPOSIT assurance can secure the follow-
ug advantages, viz., l et. For a less sum, paid annually, he can assure
a larger sum in case of death than under the ordinary system.
•:dly. In the event of a desire to surrender his Policy ho can receive
in this Company, by the above example, which applies to all ages.
TUBES times as much as on the ordinary system. 3rdly. In the event
of inability or omission to pay, his policy remains still bis property,
of the same value as it was, though he cease his current payments
lot 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, be can do so at pleasure. Ile can at any time,
by giving a fortnight's notice, withdraw any part from II up to the
whole amount 'Allis pravlons 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has withdrawn part one year he can, by a single payment, three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
iiargain of having a fund to fly to in case of necessity, the same as
Is a bank, with this palpable advantage, however, that he gets inte-
rest fir his mener, and in case of death his family receive more than
the amount of his savings. In ordinary Life Of be can do iio
such thing, but his policy at ence lapses or is cancelled the moment
ne ceases to pay h's current premiums, and, instead of having any
fund to fly to Mr aid, all his hat 3-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 bit* because it allows a fair rate
of Interest in case of withdrawal, and gives twice the amount in the
:lands of the Company to the representatives of the Depositor in
case of death, thus combining the
ADVANTAGES OF A BANK WITH THE BENEFITS OF

AN ASSURANCE COMPANY.
In ease of endowment assurances the advantages of the DEPOBI •
system are still more striking.
ADVANTAGES OF THIS COMPANY UNDF.R THE ORDINARY