The Sun.
London, England, 1853-03-12 00:00:00

ON THE ORDINARY SYSTEM.

The sum the ordinary
The sum the Life Offices would give
ordinary Life him if he ere unable
Offices would to pay, or if whe omitt ed
At the His give him for to pay his current
end of policy the surrender annual premium of
t. Annual thirty at that or sale 81. 6s. 3d. after he has
'u Premium yearswhenl age, of his policy, paid into their coffers
sto assure' the party in case after thirty 2491.75.6 d., and which
5001. is fifty of years'payments they have bad the use
years old, death j amounting to of at compoun
howill have will be, 2491. 7s. 6d. interest, or In
paid into worthiwhichtheyhave the event of his death
the office, had the benefit' one hour after such
of at compound omission or inability
interest. to pay.
- -------
little more
20 87. 65.3d.,249/. 78.6 d. 5001. than 801. NOTHING.
perhaps 901.
ON THE DEPOSIT SYSTEM.
Ifun able to pay, or rot
desirous of paying or
omitting topay,thePo-
licy would still remain
of its FULL value,
5221.28.7d.ti1l death, if
20 years alter, no fur-
ther payment beingre-
quired. Ifhowever the
party, from any cause,
wished to cancel the
Policy, he could not
onlydraw out all hell as
put In, viz., 2251., but
20 11.10 s Od 2251. 5221.2571 2871. 2s. 9d' a certain bonus of 621.
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when withdrawn.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
pagess and 7 in detailed
pamphlet, by
F. G. P. Nelson, Esq.

20

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., Ist. For a less sum, paid annually, he can assure
larger sum in case of death than under the ordinary system.
'cly. 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,
%Vieux times as much as on the ordinary
rdfn
system. 3rdly. In the event
Cif inability or omission to pay, his policy remains still his property,
of the same value as it was, though hefor cease
nhary system, he getsis current payments
allY number of years ; whereas on the
nothing. 4thly. Should .he require to increase or decrease the
amount of his policy, he can do so at pleasure. He eau at any time,
bY giving a fortnight's notice, withdraw any part from 11 up to the
note amount of his previous payments and with interest. After he
as Withdrawn part one year he can, by a single payment, three
ja e4rSt or any time afterwards. raise his policy to a greater or even
01
former amount ; and by this system he can at all times regulate
ks annual savings by his annual expenditure, with the facility in the
"Alain 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 inte-
rest fur his money, and in case of death his family receive more than
the amount of his savings. In ordinary Life Offices no
be can do
such thing, but his policy at ence lapses or is cancelled the moment
"e ceases to pay his current premiums, and, instead of having any
:red to ly to for aid, all his hard-earned savings become forfeited to
we society, and his misfortunes serve to benefit the pockets of his
more fortunate co-assurers.
Bach a system is too equitable 'and too striking to be overlooked
,
LDIIPOSIT assurance is the only system of assurance which can be
allversally recognised and adopted when the principles are imply-
_ allY canvassed, and its palpable benefits become widely diffused. It
'enters greater advantages than a b Ink because it allows a fair rate
;111lltemst in case of withdrawal, and gives
ives twice the amount in the
ands of the Company to the representat of the Depositor la
case of death, thus combining the
ADVANTAGES OF A BANK WITH THE BENEFITS OF
In AN ASSURANCE COMPANY,
ease of endowment assurances the advantages of the DEPOSIT
aYstem are still more striking.
ADVANTAGES OF THIS COMPANY UNDER THE ORDINARY
LIFE ASSURANCE BRANCH.
4:j° these who prefer this branch Policies are granted from 201. to
el. on every known principle thereof.
_ ives in all but the worst stages of disease, and such as have been
cular diseas e.
relected by other Offices. are taken at rates equivalent to the parti-
reLoans from 507. and upwards granted on every kind of security,
cr Personal, on the most equitable terms to the borrower
..,...-Unuities of every description granted on very favourable terms. -Non-forfeiture of a Policy.—ln case of Inability to pay the currant
ule_nderna, the Directors will either purchase the Policy at a fair
resa i cerr'aPoket value, or give a new one iu lieu thereof, less 5 per cent.nte-
whnding in amount to the whole of the previous payments
eh have been made.
oobit Prospectuses with tables in further Illustration of the De-
eau, Ya‘eul. and any further
countr information may be obtained on appli-
te the Agents in the y, or. to
_ .

CHARLES W. IiEVAN, Resident Secretary.
,ABeZhAleAtil Watei 1.11 MU 'kilo:Pro:l4