The Sun.
London, England, 1854-01-11 00:00:00

LIFE ASS UR ANCE;
REPORT of the SELECT COMMITTEE of the HOUSE
of COMMONS, and the DEPOSIT SYSTEM—the New and
Important Feature of Life Assurance adopted by The DEPOSIT
and GENERAL LIFE ASSURANCE COMPANY.

The following is an extract from the Report of the Select Com
mittee : -

"TIRE OBJECTS which persons HAVE IN VIEW IN EFFECTING IN-
SURANOES upon their lives, are GENERALLY OF AN IMPORTANT AND
SOLEMN character, biz., the PROVISION FOR WIDOWS AND ORPHANS
after the death of their NATURAL PROTECTORS; unlike any ordinary
transaction of trade, a CONTRACT ONCE ENTERED INTO CANNOT BE
DISCHARGED OR ABANDONED, if doubts of the stability of an
Office should arise, WITHOUT A SACRIFICE OF. PREMIUMS PAID IN
PAST YEARS, and the necessity of effecting new policies in other
offices at increased rates of premium, owing to the greater age
of the assured ; persons are thus placed in the ANXIOUS AND UN-
HAPPY DILEMMA OP BEING COMPELLED TO PERSEVERE IN PAYING
PREMIUMS FROM YEAR TO YEAR, with SOME suspicion and doubt as
to the ultimate advantage of cluing SO, OR OF INCURRING THE SE-
RIOUS LOSS WHICH, UNDER THE MOST FAVOURABLE CIRCUMSTANCES,
MUST ATTEND THE ABANDONMENT OR SALE OF A POLICY."

On the DEPOSIT SYSTEM a person is NOT " COMPELLED" to pay
from " YEAR TO YEAR," and he does not, if desirous of " ABANDON-
ING" his Policy, incur any " SERIOUS LOSS," but, on the contrary, he
may pay such amounts, and at such times us he may find most con-
venient; he can stop paying whenever he pleases, and he can with-
draw the whole or part of his premiums. If the whole be with-
drawn the Policy is cancelled ; if part only, then the value of the
Volley is diminished by the assured value of the part withdrawn.
B, aged 20, opens a deposit policy with a payment of 5/., which
it will be seen he increases from time to time, and occasionally
diminishes.

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Thus Al 3, in 10 years, has saved and invested at different inter-
vals various sums amounting to 971., by which he had been insured
in case of death for 2601. 12s. 7d ; but A B requires 22/. ; he draws
this sum out, and diminishes the value of his Policy by 601. Bs. 3d.
at different times, leaving him in case of death a Policy for 2001.
4s. 4d., and during his life a fund of 751. to draw out at any time, in
part or wholly.
The first claim settled by the Deposit and General Life Assurance
Company was upon a deposit of 101. which a parent made for each
of five children, instead of adding it to an account they bad at the
Savings Bank. One of them died a few days after the 101. was de-
posited, and the father received 341. 65., being the amount of the De-
posit Policy.

EXAMPLE No. 2.

Supposing AB, aged 23, when he op a Deposit Policy hss the
means, and continues VOLUNTAILILY to pay the same sum every year
in the same way as he is COMPELLED to do in the ordinary system.

Year. Age.
-- £ • £. s. d.
18 49 6 6
1852 . ........... 24 18 48 16 0
18 47 18 0
18 47 4 6
1855.. ........ .... 27 18 46 10 6
18 45 17 6
18 45 4 0
1858................ 30 18 44 10 6
18 , 43 17 6
1860..,............. 32 18 43 4 0
to 90 206 7 6
1865..........•••••• 37.1
to 90 190 4 6
,871............... 43
to •
72 141 3 0
465
1 1,000 4 0
"5'''''•••••••-- 47?
1881
..
..
....
..
51 s 432
to
108 194 13 6
1880..........
to
90 147 18 6
1886 . ........••• 8
to 5
1891— ....„........ 631 108 182 10 6
__--- ---
------________ 738 1,525 s 6

. - - -
Th Premium or 18/. commencing at 23 years of age, and paid upon
an ordinary Policy (As IT MUST BE) every year till A.B. Is 46 years
old, will secure the same sum, viz., 1,004., but if A B lives 17
years longer (which is the probable duration of life at the time he
effected the insurance) his Deposit Policy, for the same payments
as for an ordinary Policy of 1,000/., will have increased to 1,525/,
6s. 6d.

Marna.
The Right Honourable the Lord Viscount Druniumeg, m.p., p.c.,
Comptroller of her Majesty's Household.
51nuaerrael.
„. :m r Sir W. Clayton, Bart., 79, Gloucester-place, Port-
art Banker, London. .
141
CharlesaanGe•
Price, BVice-Admiral Ayscough, Prospect House, Southampton.
CHAIRMAN.

The Right Hon. the Lord Viscount Drumlanrig, m.p., r
Comp-
troller of her Majesty's Household.

DETUTY-CTIATEMAN.
George Coode, Esq., Victoria-street, Belgravia.
CONSULTING ACTVARY.
Francis G. P. Nelson, Eiq., F.L.S.

STANDING COUNSEL.
R. B. Crowder, Esq., Q.C., M.P., Recorder of Bristol, Counsel to the
Adm,raltv, and Judge Advocate of the Fleet.
R. Malin% Esq., Q.C., M.P., Lincoln's-inn.
Chief Office, No, IS, New Bridge-street, Blackfriqrs, London. ,
Loans granted at 5 per cent. on real or personal sFertri Y•
Annuities on most favourable terms. Diseased lives and lives de-
clined by other offices accepted at equitable rates.
For Prospectuses and further information apply to the agents in
the country, or to C. W. Bevan, Resident Secretary.
Agents wanted in all parts of the United Kingdom.
N.B.—Life Assurances effected on the ordinary plan.

THE CHOLERA.---No further 'oaks of cholera have
been reported to the authorities in any of the parishes
into which Edinburgh is divided. The disease may be
said to have disappeared from Dundee ; but in Glasgow
it is still rather severe, there having been on Tuesday,
Wednesday, and Thursday last 49 new Cases of cholera,
and 38 of diarrhoea, with 17 deaths.--Scotsman.