The Sun.
London, England, 1854-02-27 00:00:00

E. R. FO:
ANDREW

iTER, Resident Director.
FRANCIS, Secretary.

I F E ASSURANCE;
4 REP(,)RT 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 fell awing is an extract from the Report of the Select Com-
mittee : - -
"Tan OBJECTS which. persons HAVE IN VIEW IN EFFECTING IN-
eVLLNcae upon their lives, are GENERALLY OF ♦N IMPORTANT AND
OOLEMN character, VIZ., the PROVISION FOR WIDOWS AND ORPHANS
after ttee death of their NATURAL PROTECTORS ; unlike any ordinary
transiu:tfon of trade, a CONTRACT ONCE ENTERED INTO CANNOT BE
oz ABANDONED, if doubts of the stability of an
office :should arise, WITHOUT ♦ SACRIFICE OF PREMIUMS PAID IN
?AST Maas, and the necessity of effecting new policies in other
it increased rates of premium, owing to the greater age

of the assured ; persons are thus placed in the ANXIOUS AND IN-

SAPPY DlLnime. OF BEING COMPELLED TO PERSEVERE IN PAYING
PREMIU 'Ns FROM TEAR To TEAR, with SOME suspicion and doubt as
'to the • animate advantage of doing so, o& OF INCURRING THE SE-
ZIOUS 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
Ipa. " TEAR To YEAR," and he does not, if desirous of " ABANDON-
his Policy, incur any " saatous Loss," but, on the contrary, he
Islay pay such stmouuts, and at such times as he may find most con-
Ten Vent ; he mut stop paying whenever he pleases, and he can with-
draw the whole or part of his premiums. If the whole be with-
drawn the Pulley is cancelled ; if part only, then the value of the
Policy is dlrainished by the assured value of the part withdrawn.
A 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

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Thus AB, 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 enm 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. 44., and during his life a fund of 75/. 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 had at the
Savings Bank. Ono of them died a few days after the 10/. 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 opens a Deposit Policy has the
means, and continues VOLUNTARILY to pay the same sum every year
IA the urns way as he is cosuruLED to do in the ordinary system.

Year. Age.
....----.--. - - x X. s. d.
1851•••••••••••••••• 23 114 49 6 6
1551•••••••••••••••• 24 18 48 16 0
1853,..••••••••••••• 25 18 47 18 0
26 18 47 4 6
27 18 4 10 6
1854....• 28 18 45 l7 6
29 18 45 4 0
30 18 44 10 5
31 18 43 17 6
1859••••••••••
32 13 43 4 0
1861.••••••••••••••• 33? 90 206 7 6
to
1865 ........ ••.• .. .• 37 S
.. ..... ..... ... 90 190 4 6
to
/870............• ... 42
11171..........•••••• 43
72 141 3 0
to
1874.......•........ 46
-----• ---.--
. 432 1,000 4 0
ien................ 47 194 13 6
to 108
MO. •••••••••••••• 52
11181..•••••••••••••• 53?
to 90 147 18 6
188(5................ b., S
ISI6
to 108 182 10 6
1891.....•••••...... 63
- -----
738 1,525 b 6

•
Th premium or 181. commencing at 23 years of age, and paid upon
611 ordinary Polley (AS IT MUST 8E) every year till A.B. is 46 years
old, will secure the same sum, viz., 1,0001., 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 1,0001., will have increased to 1,5251.
as. 6d.

TRISTEES.
The Right nononrable the Lord Viscount Drumlanrig, M.P., P.C.,
Comptroller of her Majesty's Household.
Major-General Sir N. Clayton, Bart., 79, Gloucester-place, Port-
man-square.
Sir Charles Price, Bart., Banker, London.
Vice-Admiral Syscough, Prospect House, Southampton.

cnAnnux.

The Right Hon. the Lord Vis
M coun
aj t D
ty ru
's mlanrig.
Household. M.P., P.C., Comp-
troller of her es

CONSULTING ACV:TAIT.
Francis G. P. Nelson, Esq., F.L.S.
STANDING COUNSEL.

R. R. Crowder, Recorder of Bristol, Counsel to the
Admiralty, and Judge Advocate of the FBleleate
iars, Lendon.
R. Malins, Esq., Q.C.. Lincoln's-inn.
kft
Chief Office, No, is,
Loans granted at 5 per cent. on real or personal security
Annuities on most favourable terms.
itable Diseased lives and lives de-
fined by other offices accepted at equ rates.
For Prospectuses and further information apply to the agents in
country, or to C. W. Bevan, Resident Secretary.
Agents wanted in all parts of the United Kingdom.
X.sASSCITAZIOCS effected on the ordinary plan.
Pa raphlets, to he had gratis on application at the Publishers
by letter oric1011111; ft Neap Stamp.)

No . 19,165.]

Now ready, at all the Libraries, in three vols.,
MISS PARDOE'S NEW NOVEL,
"REGINALD LYLE."
. .

—•—
" A novel from Miss Pardoe's pen can never disappoint public ex -
pectation. Excellent as were this lady's previous works of Imagina-
tion, we think that in ` Reginald Lyle' she has even surpassed her-
self."—Messenger.
" This novel will take its place in the highest rank. It places in
a striking light the great imaginative powers of Miss Pardoe."—
Naval and Military Gazette.
Hurst and Blackett, Publishers, successors to Henry Colburn, 13,
Great Marlborough-street.