The Sun.
London, England, 1838-06-25 00:00:00

NATIONAL LOAN FUND LIFE ASSUR-
ANCE ..
SOCIETY. • ....c,,
11,..„,,e,;,„‘
26, CORNHILL, LONDON, -es
36, WESTMORELAND-STREET, DUBLIN • 48, SOUTH
_ - ~ s" i.; . 0
) 'IV"
c ... 4\
.. •
CASTLE-STREET, LIVERPOOL ,- •,.. .1,,
And 28, CORN-STREET, BRISTOL. -
I.- . Ct.:
. WI
..,, ~ •
1.
Capital, 500,0001. ,
_ .
(17,b
rit
) ..." - -,
...
;,.., ; PATRON.—His Grace the DUKE of SOMERSET, F. R. S.
~ -..clii.k: :, • ;40100;i4.• --• .....A.
DI R.F.CTORS. .ek%`
.1‘...,1 .Int •• sc.
T. LAMIE MURRAY, Esq. Chairman. e.. 1-. ~•• .• '/- "' • -V, v 40,00 , )).-..1'
- 7.:.,,, 47,,h 33
Col. Sir Barges Camac, K.C.S. George Lungley,'
Esq. ''•l' IQ
John Elliotson, M.D. F.R. S. Kenneth Mackenzie, Esq. .
C. Farebrother, Esq., Aid. John Rawson, Esq. WITH WHICH TI-IE ‘` TRUE S
R. Gordon, Esq. Joseph Thompson, Esq.
Robert 'Tolland, Esq., M.P.
PHYSICIAN—J. Elliotson, M.D. ,F. R. S., 37, Conduit. street. N 1"' o. 14 986
• LONDON, M()N DAY E
SunzEote—E. S. Symes Esq., 38, Hill-street, Berkeley-square. -- - -- -- -
ACTUARY—W.S. B. Woolhouse, Esq., F.R.A.S. •
whirls has been at all times irksome,. disturbing the harmony and ' of an annuity of 20/. 13s. 4d., cash down 2421. Is. ; or a po
By the new principles of Life Assurance in this Society, amongst f • .
omenttng the mutual distrusts of society.
other advantages the assured in this Society will enjoy the follow- The following is a comparison of the'benetits to be derived from licy on his life for 259/. 19s.
-te,:-- 11. PREMIUMS.
the contribution of ls. per week paid into a Benefit Society, or to
1. Moderate Rates of Premium consistent with security. purchase a Deferred Annuity from the National Loan Fund Annuity, £ 10 0 0
To secure on attaining the
2. A Cash Credit on his Assurance to the extent of two-thirds society
:-..
.... 97 15 0
of the payments on his Policy or Deferred Annuity. Age of 60, the option of
Policy, •125 15 6
3. Two-thirds of the payments on elapsed Policies returnable at Age -.P. Annuity Cash. 1 Policy' Sickness.; 1 o:in Death.
death. _ _-_--. I Payable Payable
4. Two-thirds of the entire Profits and of the Guarantee Fund X. s. X. s. X. s. Aug. Payable Annually. in One Sum, for Disparity.
NationalLoanFund.i
divided annually. Deferred A nnuit les 1 -- — ---..
5. Special Bonus on each Policy becoming a claim in favour of 47 16 394 11 466 0% of the %of the 24 of the £ a. d. X. a. d. 1: a. d.
the widow of the assured. Option of Benefits, payments payments payments 20 0 13 11 17 3 7 9 0 0
at 65
6. Females assured at one year less than their actual ages. received. 21 1 0 0 18 0 2 0 19 9
7. Facility in effecting assurances. Benefit Societies i
ditto 26 0 Nil. Nil. allow- Nil. Nil. 22 1 1 2 18 17 8 2 0 7
Detailed prospectuses of this Society may be had at the Offices, ances in 23 1 2 5 19 16 1 3 2 3
or any of the agents. sickness.
24 1 3 9 20 15 6 4 5 2
F. FERGUSON CAMROUX, Sec. National LoaaFund I
2"; I I 269 11,346 15, %of the %of the !4 of the 25 1 5 2 21 15 10 5 9 1
Option of Benefits, 1 'payments payments payments 26 1 6 9 22 17 3 6 14 3
DEFERRED ANNUITIES. at 60 i
- -- 27 1 8 5 23 19 10 6 0 9
NATIONAL LOAN FUND LIFE ASSUI? It is not alone to the industrious classes this plan of Deferred 28 110 2 25 3 7 98 5
ANC•E SOCIETY. Annuities will be found efficient, in securing an ample competency 29 112 1 26 8 7 10 17 7
Capital, 500,000/. for old age ; but also to that important class of the community who 30 1 14 2 27 15 0 12 8 3
PAT ROH.—Tlig Grace the DUKE of SOMERSET, F. R.S. derive their income from a combination of capital and personal 31 1 16 5 29 210 14 0 6
HI/LECTORS. labour. To this class, the Savings' Banks do not afford a suffi- 32 1 18 10 30 12 2 15 14 5
I'. LAMIE MURRAY, Eel, Chairman. ciently profitable investment; and, indeed, the framework of such
institutions as have been designed for the more humble classes, has 33 2 1 6 32 3 0 17 10 1
Cel. Sir surges Camac, K. C.S. I George Lungley, Esq.
34 2 4 4 33 16 7 19 7
John Elliotson, M.D. F. R.S. Kenneth Mackenzie, Esq. not been made to suit their wants or consult their interests, and 2 -7 5 35 911 21 7 8 4
C. Farebrother, Esq., Aid. John Rawson Esq. there exists no institution, at present, to which they oars resort, 35
H. Gordon, Esq. Joseph Thompson, Esq. that would at the same time foster their industry,---secure to them 36 210 10 37 6 0 23 8 9
Robert Holland, Esq., M.P. a competency in old age,—and protect them against the varied 37 214 6 39 4 0 25 12 5
casualties of life. 38 2 18 7 41 4 0 27 18 4
A USITOR. --Professor Wheatstone, F. R. S.
The Tables of Deferred Annuities have Leen eenstrueted with 39 3 3 0 43 6 1 30 6 9
PHYSICIAN—J. Riliotson, M.D., F. R.S., 37 Conduit-street. a view to exhibit the benefits that may be secured by the smallest 40 3 711 45 10 3 32 17 5
Bueneole—E. S. Symes, Esq., 31, Hill-street, Berkeley-square. effort of frugality, and to suit the eircamstances and convenience of 41 313 b 47 16 8 35 10 10
thorn A RY—W, S. B. Woollionse, Esq., F. R. A. S., 26, Cornhill. all classes. 42 3 19 7 50 5 3 38 6 9
sANlcaas.—Messrs. Wright and Co., 5, Henrietta-street, Co- The objeet of Tables No. I. is te 'how the option of benefits 43 . 4 6 4 52 16 4 41 5 6
the payment of Is. per week, or 2/. 12s. per annum, will secure at
vent-gardess. 44 4 14 1 55 9 11 44 7 3
the period of attaining the age of 50, 55, 60, or 65
STAWDING CONNSEL. —W. Milbourne James, Esq., Stone-build-
The Tables No. 11. show the Annual Pretiums.required to se- _45 5 2 9 , 58 6 2 47 12 0
ings, Lincoln's Inn. sure the option of given benefits at these ages,---the sum required EXAMPI.Z. —A person aged 26 may secure, on attaining the
SOLICWIOAII. —Wows. Webber and Bland, 43, Bedford-row. at each age to be paid down at once to purchase them,—and also the age of 60, an Annuity of 10/., with the other options, by the
SEONETARY. —F. Ferguson Camroux, Esq. sum at any age to be paid as disparity, so as to enable the purchaser annual payment of 11. 6s. 9d., or a single payment of
221. 17s. 3d. ; or on payment of 6/. 14s. 3d. for disparity, he
instead of paying the premium at his awn age, to pay that set down
will be entitled to the same benefits by an annual payment of
DEFERRED ANNUITIES. for the age of 20, and by this means enabling the owner of a little
1. Amongst the eeveral remedies proposed to mitigate or dimi- saying to tarn it to the
. best account. The Society will, more- 181. 11d., the same as for age 20.
*ail the burthen of poor-laws, none has hitherto been brought over, receive all this sum by instalments, two-thirds of the
amount paid may, at any time, be withdrawn on deposit of the policy, I. BENEFITS
forward or adopted that would either induce or afford facilities to
and in the event if death before the stipulated age, two-thirds of Secured, ou attainin the age of 55, by an Annual Premium
the able-bodied members of society, to be responsible for their own g
the payment will be returned to the family.
luPport. 1. BENEFITS
11. In a state of employment and health every one may be
Secured on attaining the ake of_6_s, by an Annual Premium of AGN• Annuity. Cask. Polley.
assumed ()arable of self-support; competition has, no doubt, re-
2i. 125.-----
lueed the rewards of labour to the standard of existenee, rue.
.f s. d. £ a. d. £ s. d.
,
daring it the more necessary that the smallest surplus, over *xi- lea.
Annuity. I Cask. I Policy. 20 16 16 6 190 11 0 269 15 0
geneies, should be carefully husbanded, in order that, by the best _
________ -___________ 21 15 17 5 179 16 0 254 10 0
faailities given to economy and the application of means to ends, £ a. d. £ s. d. £ a. d. 22 14 19 3 169 10 0 239 18 0
it may be rendered capable of supplying the deficiencies, caused by 20 47 16 6 394 11 0 466 0 0 23 14 111 159 13 0 226 0 0
''cant of employment, sickness, the several casualties of life, and by 21 45 4 8 373 3 0 440 14 0 24 13 5 4 150 6 0 212 15 0
614 ago. Over the frequent fluctuations in the quantity of em- 22 42 15 3 352 16 0 416 13 0 25 12 9 7 141 6 0 200 1 0
Phlatent, the employed have me eontroul; and, as the cause is not 23 40 8 2 333 7 0 393 15 0 26 11 14 6 132 16 0 188 0 0
44inendent on fixed laws, bat most frequently on the eontingeneies 24 38 3 4 314 17 0 371 18 0 27 11 0 1 124 13 0 176 9 0
Ishieh affect the quantity of money, their duration er occurrence 25 36 0 8 297 5 0 351 2 p 28 10 6 5 116 18 0 165 10 0
26 33 19 11 280 9 0 331 5 0 29 9 13 4 109 10 0 155 0 0
(*mot be submitted to enleulation—at any rate the remedy is be-
-27 32 1 2 264 10 0 312 7 0 30 9 0 11 102 8 0 145 0 0
lend their reach. The laws of sickness have been sufficiently as-
-28 31 3 9 030 4 4 249 5 0 294 8 0 95 14 0 135 1.0 0
tertained, for fixing a provision apportioned to the value of a given
29 28 9 2 234 16 0 277 ff 0 32 7 17 8 89 6 0 )26 8 0
Nutribution ; but although such a provision is not to be overlooked,
30 26 13 10 221 0 0 261 0 0 33 7 6 11 83 3 0 117 15 0
it is of trifling importance compared to the hardships resulting from 31 28 4 0 207 18 0 245 11 0 34 616 7 77 7 0 109 10 0
giant of employment, and unprovided old age. Want of employ- 32 23 13 9 191 8 0 230 16 0 35 6 6 9 71 16 0 101 13 0
t'lent, sickness, and old age, may fairly be classed under one head, 33 22 5 0 183 11 0 216 15 0 36 5 17 5 66 10 0 94 3 0
/ia, :—a state of non-productiveness. To these, therefore, who 34 20 17 7 172 5 0 203 9 0 37 5 8 6 61 9 0 87 0 0
'°lely depend on their labour, which is seldom too highly reraune- 35 19 11 7 161 10 0 190 16 0 38 5 0 0 56 13 0 so 4 0
rated, it must be a matter of importance, out of their earnings 36 18 6 11 151 7 0 178 15 0 39 4 12 0 52 2 0 73 15 0
When anmlny.,l +n nrrivitla far overy nPrinil of non-productiveness, 37 17 3 5 141 13 0 I 167 6 0 40 4 4 3 47 14 0 67 11 0

A ge ..),), Annuity Cash. Policy' Sickness.; 1.0. mi. Death.
- - - - - ---..
X. s. X. s. X. s.
NationalLoanFund.l
Deterred A nnuit ies
47 Iti 394 11 466 0 % orate % of the % of the
Option of Benefits, payments payments payments
at 65 received.
Benefit Societies }
26 0 Nil. Nil. allow. Nil. Nil.
ditto
ances in
sickness.
National Loan Fund
27 I 1569 11,346I 151 '
of the % of the % of the
14
Option of Benefits, ipaymentspayments payments
at 60
i received.

X 2, d. X. s. d. s. d.
20 0 15 11 17 3 7 0 0 0
21 1 0 0 18 0 2 0 19 9
22 1 1 2 18 17 8 2 0 7
23 1 2 5 19 16 1 3 2 3
24 1 3 9 20 15 6 4 5 2
25 1 5 2 21 15 10 5 9
26 1 6 9 22 17 3 6 14 3
27 1 8 5 23 19 10 6 0 9
28 1 10 2 25 3 7 9 8 5
29 1 12 1 26 8 7 10 17 7
30 1 14 2 27 15 0 12 8 3
31 1 16 5 29 2 10 14 0 6
32 1 19 10 30 12 2 15 14 5
33 2 1 6 32 3 0 17 10 1
34 2 4 4 33 19 7 19 7 8
3.5 2 -7 5 35 9 11 21 7
36 2 10 10 37 6 0 23 8 9
37 2 14 6 39 4 0 25 12 5
38 2 18 7 41 4 0 27 18 4
39 3 3 0 43 6 1 30 6 9
40 3 7 11 45 10 3 32 17 5
41 3 13 b 47 16 8 35 10 10
42 3 19 7 50 5 3 38 6 9
43. 4 6 4 52 16 4 41 5 6
44 4 14 1 55 9 11 44 7 3
45 5 2 9 58 6 2 47 12 0
?,XAMPI.Z. —A person aged 26 may secure, on attaining the
of 60, an Annuity of 101., with the other options, by the
ual payment of 11. 6s. 9d.. or a single Olvniont of

1. Amongst the *evoral remedies proposed to raitigat,4 or dimi- saying to tarn it to the best account. The Society will, moil
ssiali the burthen of poor-laws, none has hitherto been brought over, receive all this sum by instalments, two-thirds of th
forward or adopted that would either induce or afford faoilities to amount paid may, at any time, be withdrawn on deposit of the polie!
4
the able-bodied members of society, to be responsible for their own and in the event of death before the stipulated age, two-tkirde
the payment will bo returned to the family.
support. I. BENEFITS
11. In a state of employment and health every one may be
S
assumed ()arable of self-support; competition has, no doubt, re-
ecured on attaining th age of 65, by an Annual Premium c
slueed the rewards of labour to the standard of existence, rut. 2k 12s.
dwing it the more 'wintery that the smallest surplus, over *xi- Ala.
Annuity. Cask. I Policy.
tencies, should be *artfully husbanded, in order that, by the best ____
---
facilities given to economy and the application of means to ends, £ e. d. £ s. d. £ s, d.
t may be rendered capable of supplying the deficiencies, caused by 20 47 16 6 394 11 0 466 0 0
"rant of employment, sickness, the several casualties of life, and by 21 45 4 8 373 3 0 440 14 0
Old ago. Over the frequent fluctuations in the quantity of em- 22 42 15 3 352 16 0 416 13 0
Plopnent, the employed have se eoatroul; and, as the eau"' is not 23 40 8 2 333 7 0 393 15 0
dependent on fixed laws, but most frequently on the eontingeneies 24 3$ 3 4 314 17 0 371 18 0
"lush affect the quantity of money, their duration or occurrence 25 36 0 8 297 5 0 351 2 0
4initot be submitted to calculation—at any rate the remedy is be-
26 33 19 11 280 9 0 331 5 0
)end their reach. The laws of sickness have been sufficiently as-
27 32 1 2 264 10 0 312 7 0
tertained, for fixing a provision apportioned to the value of a given 28 30 4 4 249 5 0 294 8 0
29 28 9 2 234 16 0 277 8 0
Nutribation ; but although such a provision is not to be overlooked, 30 26 15 10 221 0 0 261 0 0
it is of trifling importance compared to the hardships resulting from 31 21 4 0 207 18 0 245 11 0
I,ant of employment, and unprovided old age. Want of employ- 32 23 13 9 191 8 0 230 16 0
kept, sickness, and old age, may fairly be classed under one head, 33 22 5 0 183 11 0 216 15 0
/is. :--a state of non-productiveness. To those, therefore, who 34 20 17 7 172 5 0 203 9 0
solely depend on their labour, which is seldom too highly reraune- 35 19 11 7 161 10 0 190 16 0
rated, it must be a matter of importance, out of their earnings 36 18 6 11 151 7 0 176 15 0
l'hen employed, to provide for every period of non-productiveness, 37 17 3 5 141 13 0 167 6 0
1 38
from whichever of the foregoing causes it may arise. 16 1 1 132 9 0 156 8 0
111. The two institutions open to the productive classes, are Sa- 39 14 19 11 123 14 0 146 2 0
rings Banks and Benefit Societies, rhose nature and scope, wnen 40 13 19 9 115 8 0 136 6 0
*tarnined, will be found to offer but a very imperfect remedy against 41 13 0 7 107 10 0 126 19 0
2
the evil, being institutions wherein OW limitedruesns of this class are 42 12 6 100 0 0 118 2 0
43 11 5 3 92 18 0 109 14 0
not bestmade applicable to their several ends. 44 10 810 86 2 0 101 14 0
Strings Banks are of unquestionable utility, but they afford no 45 9 13 3 79 14 0 94 3 0
,(4lfingent future advantage, and, besides, the sum that can be 46 8 18 G 73 12 0 86 19 0
boarded is incommensurate with the wants of the middle pre- 47 8 4 8 67 16 0 , 80 2 0
'l4etive classes. 43 7 11 1 62 7 0 I 73 12 0
Benefit Societies propose to offer provision in sickness and old 49 ,6 18 6 57 2 0 . 67 9 0
tge, but their construction will be found imperfect, and their plan 5O 6 6 6 52 3 0 ' 61 12 0
the least profitable application of the means of economy. The basis on which this table is calculated is the pay-
1. Because sickness itself is not a calamity of equal probable ment of is. per week, or 21. 12s. per annum; but any
duration to the fluctuations in the quantity of employment payment may be made and the benefits secured in proportion
and other casualties, and misfortune, against which they offer
thereto.
no protection. EXAMPLE.—A person, aged 23, by the payment of Is per week,
2. Because, out of a given means, the sum laid aside for sickness
must diminish the provision for old age. or 2/. 12s. per annum, will secure, on attaining the age of 66,
3. Because many must contribute to the sick fund who never the option of an annuity of 401. Bs. 2d., cash down 333/. 71.,
become chargeable upon it, and the value of such contribu- or a policy on his life for 3931. 15e.
tious is lost to themselves and families. By one-half the payment, that is Ga. per week, ui ii. 0..
4• tecau;; sickness, being a state of non-productiveness, must per annum, he will secure the option of half the benefits.
necessarily be included in any protection against such an oc- By five times the payment, he will be entitled to the option of
eurrence. five times the benefits; and the same may be extended to any

The basis on which this table is calculated is the pay-
ment of is. per week, or 2/. 12s. per annum; but any
payment may be made, and the benefits secured in proportion
thereto.

EXAMPLE.—A person, aged 23, by the payment oils per week,
or 21. 12a. per annum, will secure, on attaining the age of 6h,
the option of an annuity of 401. Bs. 2d., cash down 3331. 71.,
or a policy on his life for 393/. 13s.
By one-half the paywent, than is Ga. per week, ui it. 0..
per annum, he will secure the option of half the benefits.
By five timei the payment, he will be entitled to the option of
five times the benefits; and the same may be extended to any
other proportion.
All premiums to terminate with the period.
Two-thirds of the payments may at any time be withdraws
on deposit of the policy ; and should the party not sui vivo,
two-thirds of his payments will be returned to his representa-
tives.

Various ohservations hare been made on the duration of
"knelt, amongst the industrious elasses, from an early period of life
its close. Those most in use are,—the sickness amongst the
11eneflt Societies in Scotland, given by the Highland Society ;—the
itekness amongst the labourers in the East India Company's Sir-
;—the sickness amongst persons employed in Cotton, Silk,
'l'o6l, Flax, and in the Potteries, by the Factory Commissioners ;
"-and the sickness amongst the English Benefit Societies, from re-
turns made to the Society for the DitTusian of Useful Knowledge.
These results, though varied, show how inconsiderable is site
Nouot of sickness during that period of life, between the ages of
*ll and d 5, when each individual is more immediately thrown on his
!Iwo resources ;--they are as follows :-
-

11. PREMIUMS.
the
Annuity. 1 0 0
of
rr,
Cash B2 10 0
Policy 97 8 6

To secure, on attainin,
Age of 65, the optioi

Payable
in One Sum.

Payable
fw Disparity.

X. s. d.
o 0 0
0 11 5
1 3 5
1 16 •
2 9 3
3 3 1

---- ---
Average Average yearly
Class of Persons. Period. amount of Sickness in the
Sickness, period.
.....„.„___... j
*M .-------
Months. Days. Days
tilßhland Societies' return ...... 20 to 65 W 4 11
Vast India Company's labourers,2o to 65 9 0 6 1-15
actery Commissioner 3—
Cotton 21 to 61 7 27 1
Wool, Yorkshire 2l to 61 10 29
Ditto, 'West of England 2l to 61 A 13 } 71,4
Flax, Yorkshire l2l to CI 9 1 i
&„ Silk •..................i21 to 61 11 4 j
iety i'..r Diffusion of 'Useful!
I(now 1 •
....___ ectge 2) to 65, l 21 12V,

3 17 8

4 13 0
5 9
6 6 1
7 3 11
8 2 9
9 2 7
10 3 4
11 5 4
12 8 8
13 13 0
14 18 10
16 6 O'd
17 14 8
110 4 10
20 16 8
22 10 1
24 5 4
26 2 6
28 I 8
30 2 11
32 6 6
34 11 3
37 0 7
39 11 7

Thus, it appears that the highest expectation of sickness, amongst
bales, is twelve and a half day .s, and the lowest six (lays, in each
Year from the age of twenty to sioity-five; its mean duration, in-
'll'give of accidents of all kinds, would be nine and a quarter days,
j
°liting which, from these causes, an individual may expect to be ab-
It'.acted from productive employment throughout a period of forty-
!" years: while, it may be observed, his religious observation of
14? seventh day, in which he " shall do no work," has diminished
its productiveness, by its recurrence in the same period, six years
141 156 days.
V. From the foregoing facts it must be obvious that provision in
'l'itness or a Health Assurance by means of a separate eontribu.
t'''ao is unnecessary, more particularly as such separate contribu-
-14" must tend to waste the resources out of which the industrious
Hasse have te provide for the future. It also in effect throws the
lierthen of the permanently sick on one class exclusively, instead of
'lc'eiety at large ; who are thus called on for an set. of benevolence,
.*bile they are scarce able to do justice to the claims of their own
Besides this, no compensation is given out of the contri-
bution for a provision in sickness and old age to the families of
,nose who never reach the age of 65, though death should happen
141, ntediately preceding it ; and, if an assumed hypothesis is correct,
that sickness before death is not more than five weeks, and taking
bed-lying-pay at 10s. per week, it will not unfrequently happen the
°''lY return a man may obtain as a long and steady contributor to a
11
'nefit Society, will not exceed 505., a sum scarcely equal to one
Fear's payment at a shilling per week, while by his death he leaves
LS family entirely unprovided for.
It is to remedy these defects, inherent in the constitution of
e°ttefit Societies, that the National Loan Fund Life Assurance
'lety proposes to submit a plan of Deferred Annuities on a new
~
meipla, which will not Only afford a more ample provision for old
le, and protection against sickness and misfortune—but in addi-
1i441, the moans, at all times, of putting his energies in motion, and
the event of premature death, a better protection to his finally.
„„
be plan proposed will embody several essential (objects :
I• To secure an increased provision for old age out of a given
saying, by applying it exclusively to the purchase of a De-
ferred Annuity.
2. To render the purchase of a protection in sickness unneces-
sary, by enabling the purchaser of a Deferred Annuity to
wit-hdraw or borrow two-thirds of his previous payments.
the use of two-thirds of all his payments when required,
to limit misfortune and want of employment, and extend
the power of productiveness by an increasing command, in
each year, of capital, so that, while providing for old age,
each succesive contribution renders him snore secure against
presest misfortune.
4. To afford, at the age at which the Deferred Annuity would
commence, without reference to his then state of health, the
option of receiving, instead of his Annuity, its value in
money, according to the value fixed on the contract, or a
larger sum payabi: at his death.
5.
In the event of death before the age at which he would
be entitled to his Deferred Annuity, to return two-thirds of
his payments to his family [or such fixed Life Assurance as
may be settled on the contract].
4. In all such cases where the power of productiveness fails,
either from disease or accident, to enable the assured on
equal terms to convert his Deferred Annuity into a present
._ Annuity.
elversNohwthstanding the obvious and manifold advantages of
and ?lan every other hitherto proposed, for securing present
td competence to the industrious population, still more
rov:it.g advantages will he exhibited by contrasting its prospeetive
ai,e,,lyn for old age with that offered by Benefit Societies. This
tt froth the non-abstraction of a given sum for a separate Lene-
F,,t,_:, sickness, which protection, by the operation of the Loan
stenos
on the Deferred Annuity, is not only more ample, bet other
stenos are provided against, which if etieulated, and a sopa-
kttticeontribution made for each, whose duration finals that ef
Pr,,,iPt the purchase of them would entirely absorb the means of
Pro,,tts"ng for old age, while such a system must tend to disPeurage
pv",‘±
aettiveness, and afford no protection to a family in the event of
141_ ure death. The object this plan embroace is to open faai-
-0441: the efforts of self-support, to stimulate the Issii.ependenee
of
1404,4 above the forced benevolence of another, while it Minn-
itself tv tbo latter by diminishing tiara purthen off Po

le tubles, No. IL, are calculated, is
I annuity of 10/. ; but any amount
ly purchased by making the pay.

The basis on which tires
the purchase of a deferred
of annuity may be similar]
mente in proportion.
EXAMFLE.—A person, aged 30, may secure, on attaining the
age of 65, the option of an annuity of 10/., cash down 821. 10s..
or a policy on his life for 97/ 8s 6d., by the annual payment of
19s. 6d., or a since payment of 16/. 7s. ld. ; or by payment
of 71, 3s. I Id., for disparity of age, he will be entitled to the
same bencielts by the same annual payment as for the age of
20, viz., 10s. lid. per annum.

An annuity of 5.04, ci five times the (Aber benefits, tray
be secured by five times the payment ; and, in like manner,
any other annuity and corresponding benefits may be pur-
chased by making the payment accordingly.
Ail premiums to terminate with the period.
Two-thirds of the amount paid may at any time be with-
drawn on deposit of the policy ; and should the party not
survive., two thirds of his payments will be returned to his
represeatatives.

I. BENEFITS
Secured, on attaining the Age of 60, by an Annual Premium

of i/. 12!.

AGE. Annuity.' Cash. rulicy.
X. s. d. X. s. d. X. s. d.
20 27 11 4 269 11 0 346 15 0
21 26 1 1 254 15 0 327 14 0
22 24 12 2 240 12 0 309 11 0
23 23 4 8 227 3 0 292 5 0
24 21 18 5 214 6 0 275 14 0
25 20 13 4 202 1 0 259 19 0
26 19 9 6 190 8 0 244 19 0
27 18 6 9 179 6 0 230 13 0
28 17 5 1 168 14 0 217 1 0
29 16 4 5 158 12 0 204 1 0
30 15 4 9 148 19 0 191 13 0
31 14 6 0 139 16 0 179 17 0
32 13 8 2 131 2 0 168 13 0
83 12 11 122 16 0 157 19 0
34 11 15 0 114 17 0 147 16 0
35 10 /9 7 107 7 0 138 2 0
36 10 4 11 100 4 0 128 18 0
37 9 11 0 93 7 0 11/0 2 0
38 8 17 9 AS 16 0 111 16 0
39 8 4 1 80 14 0 103 17 0
40 7 13 / 74 17 0 90 6 0
41 7 1 8 69 6 0 a 9 2 0
4/ 6 10 10 63 19 0 82 5 0
42 .05 0 6 58 18 0 7415 0
44 510 7 , 54 1 0 1 08 11 0
45 5 1 3 , 49 10 0 83 14 0

ExAmpuc,A person, aged 25, by the p/eynient of 2/. 12s.
Igy annum, wilt see OA attaining the age (if go, the option