The Sun.
London, England, 1847-05-27 00:00:00

NATIONAL LOAN FUND LIFE
A-SURANCE SOCIETY.
26, CORN II I LL, LONDON.
Capital .£,--)o,ofstl. Etnpowered by Act of Parliament.
- rive Ihstduttolk eninraoes iftworiant and substantial advantays
with rcs.wct td lite as,uraoces .ti .d .le;erred annuities. The assured
ha*. OH sit ocea4ons, tie power to-borrow, withoui expense or for-
feiture of the policy, two•thirds of the prendunis pa;d (see Table);
also the option of selecting benefits, anti the conversion of his lu-
terests to meet other conveoistmies or necessity.
Afturatzes for terms or years on the lowest possible rates.
DIVISIoN OF PROFITS.
The increasing prosperity of th:• Soditty 'has enahled the Directors
.ALtliv Mutual-Meeting held on the !2th May. 1847, to declare a fifth
1114 varying from 3-5 to 8.5 per cent. on the premiums paid on each
Polley effected on the profit scale.
EXAMPLES.

4, I Bonus In
Annual Policy
-ge. E Pre- taken to o-ui Bonus in
1,-rtw 'ilium out in Assured. Cash.

Penna Sum the
n,nt Re- As',um]
duction of niay bur-
Annual row on
Prcnnutfis. Po.iey.

• 6. ol,_
r 1837 i. 2,13 9 3
if 2 $8 d 5. XlB s. d. d.
s. d 1838 !S. 4 6198 8 1.0 4 6 494 blO
1829 192 1 IU - 15 13 5 445 0 0
74 3 4 1i4.1 5 10! 86 9 3 13 4 9.39511 1
1810 4,34 14 2, 66 8 4 9 19 i "" 3
Li 1842 1111 b b 49 10 6 9 9 2 2t 6 13 4
4
7 10 4 1247 4 5

1000

The .tetnnal Report, with tables of r .tes, tn.ty he ua.t ai the
fllca
„ or any of its branches in Rio country ; or, on application. will
'lorwarded pest free.

F. -F ERt/IJSON CAILROUX, Secretary,

ATION AL LOAN FUND LIFE ASSU
RANCE SOCIETY.
OFFICE, 26, CORNI111,1„ LONDON.
Capital 500,0001.

Empowered by Act of Parliament.
t
*-
io The system ot Deferred Annuities, origin illy proposed by the Na-
alLan Fund Life Assurance Society, tor the better advance-
of the objects ot Benefit and Friendly Societes, having received
the approbation of a considerable body (f site active inembv-e and
eers of those Institutions, and the Directors ot the National Loan
Fund Society having been urgewly solicited by them t estabiisha
*ranch Office in connexiou with those csocieties and the Operative
Class
es generally, in which their services might be successfully en-
„.._„-
a Committee has been sanctioned by the Directors to open
'-untrnunication with the different S cieties, with the view of more
etrmtually d sseminating the valuable benefits amongst the indus-
trious classes, and a pia • has been iroposed with that object.
ADDRESS 9F THE COMMITTEE.
• -4ny Praiseworthy bat ineffectual ttempts have been made to
bring within the scope and operation of the laws of trim tality and
siaonrno3itteiytsheresavings of the industrious classes, as well as various cal-
their7distribation, having for their object either
innnediate, contingent, or deferred benefits.
slight examination, however, will demonstrate that the con-
.traction of these assi:ciations or societies 1s defective; and that in-
stadis,of affording an easy access and a free choice of investment,
Lie' Would be the privilege of every one, they confine too oar-
Wiy flit 'flannel through which a benefit can alone be secured;
in Propor ion as their action is circumscribed and embarrassed,
their utility is United. Fur example, it is not to every individual
oinr!o every class amongst the industrious community, that provision
.h.,:sae of sickness is an object of such Importance as to call for a
.nniery sacrifice; whie to others such a provision appears more
".",ractive, and the loss of employment caused by sickness is a risk
agate which they desire to he guatded. For this anomalous state
t°,,, things there is an effective and simple remedy; that is to say,
'tact of. covering, by one weekly or annual payment, two or more
e2t_t:ngem tir deterred benelts, so to arrange it that each separate
lit should Intee its separate contribution.
.2t IS to not having observed this rule, and to the association of
70 dissimilar funstions. and by confounding a sick allowance and
tund In one and the selt•same payment, that much of the
'and mismanageinent has onsets amongst Benefit Societies.
~:‘-`0 Mechanism can he so perfect for the management of a sick -
eial-flut4 Provision as that afforded by the consiant sectional asso-
thisron and watchfulness of the several members composing it, By
sohaeana a thorough and constant check is mutually exercised, and
11,n` olt the really sick are likely to become chargeable upon it.
Where a funm p d isr the
to accumulated througyh a succession of years,
and
bef4 Where results are to bear out calculations, tnoney investment
Porf,", geeral beyond the experience of the Industrious classes.
sick„'"ese reasons it is clear that the funds destined for a provision in
pi.ny:.ss should be kept entirely distinct from the fund intended as a
ili"n for old age :
eon,. Because the laws ot sickness and mortality, though apparently
i,j'cr,tools do not depend on the same calculation.
Because there are a great number who, in order to secure a
for 'Provision in old age are willing to take the risk of providing
alro;.l)able aickness on themselves.
ecau4e the responsibility of managing a provision for old age,
Witt, lied to a distant period is, in a great measure, incompatible
soans.nintary associations, fluctuating laws, and indiv.dual irre-
such.'"nity, and more exp undertaker a failure in the performance of
c.ontract , that when on the same principles that
4,7,artlY govern commercial hodie..
nsise,tteeatise the expenses of providing for sickness must, when
itt, 'lll the same payment with provision for old age, tend to dim'.
Ilah„ sr 11 Mere this provision : nor is II
wisdom or good policy to en-
of the one for the sake of the ether.
shre,Eed with these convictions, and with an Intimate knowledge
Fti,,,,llaolissions passing within the bosom of many of the existing
at° Y and lienetit Societies, the parties whose names are here-
or ad_attached, have had several meetings. with a view of proposing
to o,Pting a remedy for those and other evils ; and in this manner
Mad i-teer:lnl ad
itional force to the principles of broiherho,,d, unity,
then;sfu, Wel alit, on which friendly societies are based, by guarding
the risks ot suddeo dissolution.
Drcious,,nnuch diligent search anion st the combinations ingeniously
objn, (1 trona time to time for the attainment of one of the principal
sirt„,?l Friendly and Plenetit Societies, they have found none equal
ana sympathy
and comprehensiveness of design, classes ell as fore, hought
Aropn's'Pathy for the wants ot the industrious, as the plan
true she,(l. 17 the National Lei,n Fund Lite Assurance Society. It. is
Promin" the author of that plan has furnished an argument against
pedien_ n in sickness; but, without concurring in the immediate ex-
other ~c3' • abandoning a provision in sickness, no one can read the
eotweral tof the plan itself, without being fully sa isfied that the
ence and safety of Friendly and Ueneflt Societies will be
itito'Lae,:ured and consulted, by separating the payment of a sick
A'ao from an annuity for old age.
Pohl7:nlation having waited on the directors of the National Loan
""n f;rh° met in the handsomest manner the overtures made to
busing,_ the establishment of a separate office for the transaction of
tiustpin'n' connected with Friendly and Benefit Societies, and the in-
ttittoinr; classes in general, resolutions have been ewered into, con-
n"tber' the undersigned as a Committee, with power to add to its
and
Whir
Or the promulgation of the benefits contained in the an-
whi„Veottls, under the guarantee of the Capital or the society,
s without interfering with the numerous objects connected
opinion•so institutien of Benefit and Frien,,ly Societi,s. will in their
to the grPatly enlarge their sphere of utility, and afford a protection
DreWeen°rtk-log classes in old age and adversity, which nothing up to
Them,s.7 has adequately secured to them.
John F- tinhorn, P.C.R., Ancient Order of Foresters.
John C.R„ Ancient Order of Foresters.
siare,iluordon, 11,18, Ancient Order of Fotesters.
enry ll n"alu D.C.R., 'Ancieiit Order of Foresters.
‘,1"., P. 0., Manchester Unity of Odd Fellows.
Joseph •-‘llgent, Prit. . C " Manchester Unity of Odd Fellows.
t'ontueli,r_ `oksi 11.0. F. order of Old Friends
ttrell, D .d.R.. Ancient Order of Foresters.
Example DEFlatifFD ANN U[ riEs.
meat of 16-7:' Pero°, aged 24 next birthday, by the annual pay-
tor 2S, ed., rn or
quarterly payment of 75., or monthly payments
Leivi..ing Ann:, eon attaining the age of 60, the option of re-
Life, ;7'l'. 6s. 2d. ; Cash down, 1971. 35. ;or a Policy
"
%tin" titalbepaag;nl4Je:‘tar'n aged 26 next birthday, may secure, on at-
at o paymen, of 61. 145. ad. ot 101., with the other options, by
11. SS. 9d or a single payment of 22/.171.3d.:
7.7 Mine benefits by he will be entitled to
Z. for disparity,
"r age 20, an annual payment of 188. I Id., the same as
14 , , aam
bleat person aged 30 next birthday, by the arum it pay-
er,:
ad. IL 65., or quarterly payment of 75., or, mthoirohplyttopnayotrtur,nc-t
%I , may Secure on attaining the age of 65
14'44 Annuity, 18/. Os. ed.; cash down, 1481. 12a. ; or a policy on
burs 1751. Ils.
'tram le —Aperson aged 3.5 next birthday, by the annual pay-
Inea
tofll 65 or quarterly payment of 75., or monthly payment
of „, • ••
ttei„,_'• an.. may secure. on attaining the age of 65, the option of re-
It„'wg Annuity, 18/.os. 4d. ; cash down, .1451. 125.; or a policy on
We, 1751. its.
LIFE ASSURANCE.
see —Nei —A person at the age of 30 next birthday may secure
elk et 100/. payable at his death, whenever it may happen, and
spentarticipate in the Annual Division of Profits, by the annual pay-
,_
tza • vs. 3d.
ken, m—
pie., Person at the age of 25 next birthday, by the pay
1121. E 'is• per month, o, Is. per week, may secure the sum of
*tile 7, Pant) eat nit death. whenever it may happen, and like-
"Lre in the annual profits of the Society.
F. FERGUSON C ,MROUX, Secretary.