The Sun.
London, England, 1853-02-03 00:00:00

ON THE ORDINARY SYSTEM.

,The sam the ordinary
The sum the Life Offices would give
ordinary Life him if he were unable
Offices would to pay, or if he omitted
f.
At the His give him for to pay his current
end of policy i the surrender annual premium of
76 Annual thirty at that, or sale Si., 6s. 3d. after he has
7.4 premium:yearswhen age, I of his policy, paid into their coffers
to assure the party In cases after thirty 2491.7 s Gd., and which
300/.. is fifty of ,years'payments they have had the use
yea-a old, death I amounting 10 of at compound
hewn' have will be 249 /. 7s. 6d. interest,t or in
paid into worth which theyhave the event of his death
the office. Thad the benefit one hour after such
of at compound omission or inability
interest. to pay.

isl. 6 s. 3d.!!

little more I
249/.78.gd. 5001. than V/. NOTHING.
I perhaps 901.

ON THE DEPOSIT SYSTEM.
Ifunable to pay, or not
desirous of paying or
omitting topay,thePo-
licy would still remain
of US FULL value,
522/.25.7d.ti1l death, if
20 years after, no fur-
ther pay [pent beingre-
quired. If however the
party, from any cause,
wished to cancel the
Policy, he could not
onlydraw out all hehas
pnt in, viz , 2251., but
20 7/.los Od 2:251. .122/.257d 2871. 2s. 9d. a certain bonus of 621.
2a. 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 se
drawn out at the age
when withdrawn. Sec
pagess andim 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 tnidd* ing classes.
In most offices, particularly the older ones, such as the Scottish
Equitable and the Globe, these rates would be much higher. IR the
former of 101. 7s. 6d., with 10 sh'llings per cent. entrance fee, would
be the rate to insure 5001. at 20 years of age. In the latter 81. 13s 4d.,
to insure the same sum. The higher the rate the more in favour of
the Dm= system. .

t Money laid out at compound interest DOUBLES ITSELF every four-
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, via., Ist. For a less sum, paid annually, be can assure
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,
Tams times as much as on the ordinary system. 3rdly. In the event
of inability or omission to day, 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. Ile can, at any time,
by giving a fohnight's notice, withdraw any part from 1/ 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
forme' amount ; and by this system he can at all times regulate
his annual saN:ngs by his annual expenditure, with the facility in the
bargain o fhav:ng a fluid to fly to in case of neeessitY, the same as
in a bank, with this palpable advantage, however, that be gets inte-
rest fur his money, and in case of death his family receive more than
the amount of his savings. In ordinary Life Offices he can do TO
such Of 3g, but his policy at once lapses or is cancelled the moment
he ceases to pay his current premiums, and, instead of having any
thud to ily to for aid, all his hard-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 nzromT assurance is the only system 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
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
AN ASSURANCE COMPANY.
In case of endowment assurances the advantages of the =nom?
System are still more striking.
ADVANTAGES OF THIS COMPANY UNDER THE ORDINARY