The Sun.
London, England, 1853-03-28 00:00:00

ON THE ORDINARY SYSTEM.

• • " • The sum the ordinary
The sum the Life Offices would give
•
• ordinary Life .him if he were unable
r.. • Offices would to pay; or if he omitted
• • At the His give him for to pay his current
--end or policy. the surrender annual premium of
bh Annual _ 'thirty at that or sale 81.65. 3d. after he has
u premium years when ages of his policyp, paid into their coffers
,to askure' flie•party in case after thirty 1249/.75.6d., and wh!ch
' • 5001. is fifty of • years'payments they haie had the use
years old; death I amounting to •of compottn
' , hewillhave will be 2491. 7s. eld.. interest, .or in •
t• f 1-••• -paid into Worthwhichtheyhave the event of his death
• the Office, • 'had the bbnefitl One hour after such
' . . . °fat compound• omission or inability
interest.. . to 'pay..
• ••• •• ' ••• • • " little morb"
20 81.63.3 d 1249/ 75 6d• 15001. than 801. NOTHING. „
' It perhaps 901. .
-
• • • - DEPOSIT SYSTEM. , •
•
/funableto pay, or not
• desirous of paying or
, omitting topay,thePo-
. licy-Would still remain
. •- • of its FULL Tilde;
5221.22.7d.ti11death,,if
• - . 20 years after, no fur,
titer payment b,eingre-
• - quired. Ifhowever the
. • party, frOm any cause,
•
wished to cancel the
Policy, he could not
onlydraw out all heh as
put in, viz., 2251., but
20 71.1Qs Cd 2251. 5221.2571 2871. 2s. 9d. a certain bonds of 621.
. 28. 9d.. in the bargain,
which le 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 eutn se
• • • drawn out at. the age
- when withdrawn. See
• ' • • pagess and7indetsiled
• . • • 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., let. For a less sum; paid annually, he can assure
4,laiger mini in Case of death than under.the ordinary system.
.„
`OIIY. •• In the event of a desire to surrender his Policy he can receive
in this,Company, by the above example, which applies to
th all ages,
'Tnaaa times as much as on the ordinary system. 3rdly. In e event
of inability or ()Mission 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 h e gets
the
nothing. , 4thly. Should he require to increase or decrease
!Mount 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
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
bargain of having a fund to fly to in case of necessity, the same as
111 a bank, with this palpable advantage, however,
that be gets inte-
rest for his money, and in case of death his family receive mere than
the amount of his savings. In ordinary Life Offices be can do no
euch thing, but his policy at *nee lapses or is cancelled the moment
he ceases to pay his current premiums, and, instead of having any
fund to byto for aid, all his hard•earneel savings become forfeited to
the society, and his misfortunes serve to benefit the pockets of his
%or efortunate 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
venters greater advantages than a bsnk 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 to
ease of death, thus combining the
ADVANTAGES OF A BANK WITH THE BENEFITS OF