The Sun.
London, England, 1838-05-30 00:00:00

m I:hes, it appears that the highest expictation of sickness, amongst
is twelve and a half clays, and the lowest six days, in each
Year from the age of twenty to sixty-five; its mean duration,in-
clusive of accidents of all kinds, would be nine and a quarter days,
during which, from those causes, an individual may expect to be ab-
stracted from productive employment throughout a period of forty-
five years: while, it may be observed, his religious observation of
the seventh day, in which he " shall do no work," has diminished
his productiveness, by its recurrence in the same period, six years
44,1 156 days.
V. From the foregoing facts it must be obvious that provision in
sickness, or a Health Assurance by means of a separate contribu-
tion, is unnecessary, more particularly as such separate contribu-
eion must tend to waste. the resources out of which the industrious
Classes have to provide for the future. It also in effect throws the
burthen of the permanently sick on one class exclusively, instead of
society at large; who are thus called on for an act of benevolence,
elf :He they are scarce able to do justice to the claims of their own
families. Besides this, no compensation is given out of the contri-
bution for a provision in sickness and old age to the families of
those who never reach the age of 65, though death should happen
Immediately • preceding it ; and, if an assumed hypothesis is correct,
*hat sickness; before death is not more than five weeks, and taking
j-lying-pay at 10s. per week, it will not unfrequently happen the
~,:y return a man may obtain as a long and steady contributor to a
iareeeff t Society, will not exceed 605., a sum scarcely equal to one
_s payment at a shilling per week, while by his death he leaves
family entirely unprovided for. •
VI. It •
Is to remedy these defects, inherent in the constitution of
ken fit Societies, that the National Loan Fund Life Assurance
s Leeeee proposes to submit a plan of Deferred Annuities on a new
ee
which will not only afford a more ample provision for old
e, and protection against sickness and misfortune—but in addi-
en"i the means, at all times, of putting his energies in motion, and
the evert of premature death, a better protection to his family.
ric pan proposed will emody seveal esenal objects :
• Tol secure an increasedbprovision fors old age out of a given
saving, by applying it exclusively to the purchase of a
eDe-
Served Annuity.
z. To render the purchase of a protection in sickness unneces-
sary, by enabling the purchaser of a Deferred Annuity to
3.
Is,withdeaw or borrow two-thirds of his previous payments.
y the use of two-thirds of all his payments when required,
to limit miefortune and want of employment, and extend
the Power of ieroductiveness by an increasing command, in
each year, of cacital, so that, while providing for old age,
each succesive conteibution renders him more secure against
4. resent misfortune.
To afford, at the age- at which the Deferred Annuity would
commence, without reference fo 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
6.
_larger sum payable at libel eath.
In the event of death fore the age at which he would
be entitled to his Deferred Annuity, to return two-third:; of
his Payments to hie family [or such fixed Life Assurance as
6.
..reav be settled on the contract].
'n 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:
thie nee Nottiwithstanding the obvious and manifold advantages of
eielfihso over every other hitherto proposed, for securing. present
streeuttire competence, to the industrious population, still mere
Trite: advantages will be` exhibited by contrasting ies prospectiv.e
tron for old age with that offered by Benefit Societies. This
At ei from the non-abstraction of aby
sum for a separate bene-
lei" sickness, which protection, by the operation of the Loan
.teef`` On the Deferred. Annuity, is not only more ample, but other
pateertimes are provided against, which if calculated, and a sepa-
lieL
41:octribution made for each, whose duration equals that of
.ess, the purchase of them would entirely absorb the means of
die f
Preetineg or o,d age, while such a sytern must ten,cl totidise.oeunrtage
pre,,ae'veness, and afford no protection to a family an he or f o. f
Ore death. The object this plan embraces ?s to open
0: the efforts of self-support, to stimulate the independence of
Nod., !' above the forced benevolence of another, while recom-
*le itself to the latter by diminishing the burthen of Poor-laws,
has'
eineuno. )cen at all times irksome, disturbing the harmony and
Tee', the mutual distrusts of society.
the e"e following is a comparison of the benefits to be derived. from
t
porch of Is. per week paid into a Benefit Societ, or
• ase a Deferred Annuity from the National Loan Fund
elet—

‘.------L‘!Z (Annuity Cash. l'olicy S: ckness. ' Loan. Death.
Nra, -----1--- ---!-- -- -- ------
s-ilonaiL,
~ ,_, t .g. s. X. s. HI:. s.
u erre , , ~i1111,..und,1
(IA ttit icsi
'Ont. ' I i
''.4)ll'of l-17 16 391 11.466 0. %of the jof the %of the
at (-,3' 2ennfita, I payments paymentsipayments
... ,
.............. .) received.
.1.11,,fit _
‘.
.• I
ditto
....... °"etie'
1.6 0 Nit i Nit. allow. Nil. Nil. .
............ i al:cies in
ati(MallAlatirund sickness.
°Ption or .. 17 1 1 •9119 11;346 15 %of the %of the %of the
at co . - .)eiletiis, payments plyments!payments
---.__. ............. 1
1.- , ----------::_ I I I received.

"F,
und
ti oPtiou
at
*******
?lot alone to the industrious classes this plan of Deferred
old will be found efficient, in securing an ample competency
derive but also to that important class of the community who
'141)01,,, 'l,'," income from a combination of capital and personal.
-10 this class, the Savings' Banks do not afford a sufli-
tiAt,c, ) Profitable investment ; and, indeed, the framework of such
4qt 'i,Lcitiirs as have hn designed for the more humble classes, has
e made to snit their wants or consult their interests, caul
that ''", no institution, at resent, to which they can resort,
~a.t,i,“-tud t the same time foster their industry,--secure to them
.IkAirstalriet_ctiY in old age,—and protect them against the varied
The „; of C.
criaob.xl'elis of i
tll):;ferred Annuities have been eonstructed with
heuelli4 that may be secured by the smallest
cla„,,srUgality, and to suit.the circarristances and convenience of
the abject of Tables No. I. is to ,sltow the option of benefits