The Sun.
London, England, 1853-05-26 00:00:00

ON THE DEPOSIT SYSTEM.
If unable to pay, or not
desirous of paying or
omitting topay,thePo-
Hey would still remain
of its FULL value,
522/.25.7d.ti1l death, if
20 years after, no fur-
ther payment beingre-
quired. Ifhowever the
party, from any cause,
wished to cancel the
Policy, lie could not
onlydraw out all beb RS
put In, viz-, 2251., but
a certain bonus of 621.
20:71.10s Od . 225/. 522/.267d 2871. 2s. 9d. 2s. 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when withdrawn. See
pagess and7in detailed
pamphlet, by
F. G. P. Neison, Esq.

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.
2dly. 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
or 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. He can at any tithe,
by giving a fortnight's notice, withdraw any part from II 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has withdrawn part one year he can, by a single payment, three
yers, or any time afterwards, raise his policy to a greater or even
its former amount ; and by this system he can at all times regulate
his annual savings by his annual expenditure, with the facility in the
nargain of haying a fund to fly to in case of necessity, the same as
In a hark, with this palpable advantage, however, that ho gets Inte-
rest fpr his money, and in case of death his family receive more than
the amount of his savings. In ordinary Life Offices be can do no
such thing, but his policy at once lapses or is cancelled the moment
he ceases to pay his current premiums, and, instead of having any
fend to fly to for aid, all his hati-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 DEPOSIT assurance is the only system of assurance which can be
universally recognised 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
bands 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 DEPOSI
system are still more striking.
ADVANTAGES OF THIS COMPANY UNDER TEE ORDINARY