The Sun.
London, England, 1853-01-19 00:00:00

ON THE ORDINARY SYSTEM.

The sum the ordinary
The sum- the Life Offices would give
ordinary LSI him if he were unable
Offices would to pay, or if he omit, ed
At the His give him for to pay his current
end of policy the surrender annual premium of
-15 Annual thirty at that or sale Si. 6s. 3d. after he has
ri premium years:when age, of his policy, paid into their coffers
to assure the party in case after thirty 2491.78.6 d., and which
o bool.* is fifty of years'payments they have had the use
years old, death amounting to of at compound
hewill have will be 2491.75. 6d. interest,t or in
paid into worth wbichtheyhave 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
2018/. 68.3 d. 2491. 78.6 d. 5001. than 801.
perhaps 901.
ON THE DEPOSIT SYSTEM.
funableto pay, or not
desirous of paying or
omitting topay,thePo-
Hey wouhl still remain
of its FULL value,
522/.25.7d.ti1l death, if
20 years after, no fur-
ther payment beingre-
quired. If however the
party, from any cause,
wished to cancel the
Policy, he could not
onlyd raw out all helm
put in, viz., 2251., but
20 i/.los Od 2251. 522/.257d 2871. 2s. 9d. a certain bonus of 621.
2s. 9a. 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when withdrawn. See
pagess and 7 in 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 midd ing classes.
In most offices, particularly the older ones, such as the Scottish
Equitable and the Globe, these rates would be much higher. In the
former of 101. Is. 6d., with 10 shillings per cent. entrance fee, would
be the rate to insure 5001. at 20 years of age. In the latter Si. 13s 4d.,
to insure the same sum. The higher the rate the more in favour of
the DEPOSIT 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, viz., Ist. For a less sum, paid annually, he can assure
a larger sum in case of death than under the ordinary system.
2ndl. 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 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. 4thlv. Should he require to increase 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 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
is former amount ; and by this system he can at all times regulate
his annual savings by his annual expenditure, with the facility in the
baain ohaving a Rind to fly to in case of necessity, the same
in arg
bank, with this palpable advantage, however, that he gets inte-
rest for his money, and in case of death his family receive mere than
the amqunt of his savings. In ordinary Life Offices be can do no
such thing, but his policy at once lapses or is cancelled the rastment
he ceases to pay his current premiums, and, instead of having any
fund to fly to for aid, all his hard.earned savings become forfeited to
the society, and his misfortunes serve to benefit the pockets o his
more fortunate co-assurers.
Such a system is too equitable and too striking to be overlooked
and DEPOSIT assurance is the only hi
system of assurance wch 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 ban 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 DEPOSIT
system are still more striking.
ADVANTAGES OF THIS COMPANY UNDER THE ORDINARY
LIFE ASSURANCE BRANCH.
To those who prefer this branch Policies are granted from 201. to
6,000/. on every known principle thereof.
Lives in all but the worst stages of disease, and such as have been
re
reaALloa or Loans
rejected by other Offices, are taken at rates equivalent to the parti
cular disease.
-
ispersonal,fromo f b
on th
0 /
of
and grantedtoenrmeso
vfrythkeinbodrroofwserecurity,
—lncase
favourableee terms.
currant
Non-forfeiture to pay
premiums, the Directors will either purchase the Pelicy at a fair
w
market value, or give a new one in lieu thereof, less 5 per cent., inte-
resth i
echo
have respobnedeinngminadaem. amount to the whole of the previous payments
Detailed prospectuses with tables in farther illustration of the De-
cation te the Aangenatanyinfuthrte herinformation may be obtained on appli-
fevery
a d ese
Policyme ps upwardst
equitable
Posit system, d
country, or to
CHARLES W. BEVAN, Resident Secretary.