The Sun.
London, England, 1854-02-04 00:00:00

PATION IN THE PROFITS.
Policy Stamps paid by the Society.
Assignments of Policies Registered Free of Charge.
A Liberal Commission allowed to Solicitors and Agents on the
introduction of business.
ANTHONY PECK, 11. A., Assistant-Actuary.

LIFE ASSURANCE;
REPORT of the SELECT COMMITTEE of the ROUSE
of COMMONS, and the DE POSIT SYSTEM—the New and
Important Feature of Life Assurance adopted by The DEPOSI f
and GENERAL LIFE ASSURANCE COMPANY.

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

" THE OBJECTS which persons HAVE IN VIEW IN EFFECTING IN-
SURANCES upon their lives, are GENERALLY OF AN IMPORTANT AND
SOLEMN chsracte . viz.. the PROVISI.N FOR WIDOWS AND ORPHANS
after the death of their NATURAL PROTECTORS ; unlik • any ordinary
transaction of mid-, a CONTRACT ONCE ENTeRED INTO CANNOT CI
DISCHARGED OR ABANDONED, If doubts of the stability of an
°nide should arise, WITHOUT A SACRIFICE OF PREMIUMS PAID IN
PAST YEARS, and the necessi'y ot effecting new polims in other
offices at increased rates of premium, owing 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 S.liplCloll and doubt as
to the ultimate a Iva tae of doing so, oa or INCURRING THE SE-
RIOUS LOSS WHICH UNDER THE MOST FAVOURABLE CIRCUMSTANCES,
MUST ATTEND THE ABAND.NmENT OR SALE OF A POLICY."
On the DEPOSIT SYSTEM a person is NOT " COMPELLED" to ply
from •• YEAR TO YEAR." aid he does not, it desdruus of • ABANDON-
ING" his Pol,cv, mom* any ' seams Loss." hut, on the contrary, he
may pay such amounts, ant at such times 48 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 rolicy is cancelled; if part only, then the value of the
Policy is diminished by the assured valn3 of the part withdrawn.
A 13, aged 20, opens a deposit policy with a payment of 51., which
it will be seen 118 increases from time to time, and occasionaliy
diminishes.

O ,6=o—.
P ri
P gg!'2 4:74g=34,7-V4=1;38
...a4
0 ,
w _
= -
E.
c.) ... 0 . ..:..--0 .. —.. ... .
--
2 1 , g 4„. .i.... —. ~.... .... ~
...; g Q —3B
w o ',3 -0. 4"Z —A "" 1.1;1,1 gA% 93
r.-.. . .0 ,a, .
t. . -4
E. -4
''' d .4 = . . Icy
ce!
A fp...
4 ,1.,
g 4 r ao
c., 1111. 11—.111mm
a -gB5 4
m . 4
2 ; g
id ca
1-4 gl t 0 -.. Id ? ~,.. it.
.4 ‘' . . N C.. w 74 VV,
M .4
t 4
t '9 IA '' .'
ag 4.n2”nnlessg
i'B 7. or
c..
6
m 7 4 62 4wocoo ..0
9.0. co,o I
x C.) AV ... ........ a
C.)
,m.
•
a
2
.. . e.
'4
g: • : .... • ,
m 4.0•-0 : .0 --; 0
i OS ..-I,,B4,AgXgoAAgA
m .c;
w c. . v .0r... am
. . . .. .0
e .. . ...
--, --

Thus AB, in 10 years, has saved and invested at different inter-
vale various Mimi amounting to 971., by which he had been insured
in case of death for 2601. 12s. 7d ; but A B requires 221. ; 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.
45. 4d., and during his life a find of 75/. to draw ont 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 aiding it to an account they had at the
Ravines Rank. One 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 A B, aged 23, when he opens a Deposit Policy his the
means, and continues VOLUNTARILY to pay the same sum every year
in the same way as he is COMM-LED to do in the ordinary system.

Tear. Age.
...--.--.-- ....... £ X. s. d.
18 49 6 6
1851 ..... ••••••••••• 24 )8 48 16 0
1853 ••••••• • • • • • • • 25 18 47 18 0
26 18 47 4 6
13 46 10 6
• 28 18 45 17 6
29 18 45 4 0
30 13 44 10 6
18 43 17 6
13 43 4 0
1861....••..•••. • ' 33
90 206 7 6
to
1865.............. S 7 S
1866........ ..... .. 36 ? 90 190 4 6
1870................ 42
43 ?
to 72 141 3 0
46 8
_____ _____--
432 1,000 4 0
1875.........• •• •• • • 47
108 194 13 6
to
1880. .. „ „ ........ 52
1a5i.......... ...... 53
to 90 147 18 6
1851................7 ‘.)
sd?
to 108 182 10 6
1891........•• ...• • • 63 S
—._ -- ...—_------
738 1,525 b 6
Th premium o 161. commencing at 23 years of age. asd paid uno
an ordinal's, Policy (As IT MUST BO every year till A.B. is 46 year

Th premium o 141. commencing at 23 years of age. and paid won
an ordinary Policy (as yr muse s€) every year till A.B. is 46 years
old, will secure the sarn • sum, viz., 1,00 but if &It lives 7
years longer (which is the probable ,ittration of life at the time hP
effected the insurance) his Deposit Policy, for the same oayirients
as for an ordinary Polley of 1,0001., will have increased to 1,5251
6s. 6d.

TWOSTEES.
The Right TTonourable the Lord Viscount Drumlanrlg.'.►i.P., P.O
Comptroller of her St tje.ty's Howehold.
M w.General Sir W. Clayton, Bart., 79, Gloucester-place, Pori
man
Sir Cherie,' Price, Bart , an
London.
Vice-Admiral Ayscough, Praiyect S ilithampton.

CHAIRMAN.
The Right Hon. the Lord Visenunt Drumlanrig. M.P., I'.C.,
troller of her Majesty's Household.

CONSULTING MITITASLY.
Francis G. P. Ncisnn, F./,.5.

STANDING coinvarz.

Comp.

A. B. Crowder, Esq•• Q.C., M.P., Recorder of Bristol, Counsel to the
Admiralty, and Judge Advocate of the Fleet.
R. Malin% Esq., Q.C.. M.P., Lincoln's-inn.
Chief Office, No, is, New Bridge-street, Blackfriars, London.
Loans granted at 5 per cent. on real or personal security.
♦nnuities on most favourable terms. Diseased lives and lives de-
clined by other offices accepted at equitable rates.
For Prospectuses and further infgrma-ion apply to the agents in
e country. rto C W. Bevan,R silent ,ecrctary.
Agents wanted in all parts the Un'ted Kingdom,
Assurances effected on the ordinary plan.
Pamphlets, to be had gratis on application at the Publishers
if by letter enclosing a postage stamp.)
•