The Sun.
London, England, 1847-06-21 00:00:00

No. 17,081.

NATIONAL LOAN FUND LIFE
ASSURANCE SOCIETY.
26, CORNIIILL, LONDON.
Capital £500,000. Empowered by Act of Parliament.
Th's Institution embraces important and substantial advantages
Nith. respect to life assurances and deferred annuities. The assured
OS all occasions, the power to borrow, without expense or for-
'entre of the policy, two•thirds of the premiums paid (see Table);
Also the option of selecting benefits, and the conversion of his in-
terests to meet other COSVeIIiQSCieS or necessity.
Assurances for teims of years on the lowest possible rates.
DIVISION OF PROFITS.
The increasing prosperity of the. Society has enabled the Directors
at the arnual meeting held on the !4th May, 1847, to declare a fifth
bonus, varying from 35 to 83 per cent. on the premiums paid on each
policy effected on the profit seals.
EXAMPLES.

Penna• Sam the
...4-:, Annual l'.olicy Bonus in rent Re- Assured
‘tie. ~.,,- 2 I Pre- ! taken addition' Bonus In duction of may bor-
a' mium. 'out in Assured. I Cash. Annual 1 row on
•L'
I
1
---
-----
, I .t s. d. £ a d. £ s. d. £ a. d.
ri 1837 243 9 3 112 8 5 18 4 6 i 494 S 10
1838 218 4 8' 99 8 10 15 13 5 ;445 0 0
X d'X3' 1839 192 1 10' 86 9 313 4 9 395 11 1
60 1000 74 3 4 I
!I 1810 143 5 10, 66 8 4 919 1 1346 2 3
j 1 lB4l 133 14 2 61 17 6 9 9 2 296 13 4
1 L. 1842 111 6 8 49 10 0, 7 10 4 247 4 5

.11 tables of rates, &c., may be had at the
its in the country ; or, on application, will

FERGUSON CAMROUX, Secretary.

ATIONAL LOAN FUND LIFE ASSU-
RANCE SOCIETY.
OFFICE, 26, coirsniLL, LONDON.
Capital 500,0001.
Empowered by Act of Parliament.
The system ot Deferred Annuities, originally proposed by the Na-
tional Loan Fund Life Assurance Society, for the better advance-
ment of the objects of Benefit and Friendly Societies, having received
the approbation of a considerable body cf the active members and
officers of those Institutions, and the Directors of the National Loan
Fund Society having been urgently solicited by them to establish a
Branch Office in connexion with those societies and the Operative
Classes generally, in which their services might be successfully en-
gaged, a Committee has been sanctiowed by the Directors to open
communication with the different Societies, with the view of more
effectually disseminating the valuable benefits amongst the indus-
trious classes, and a plan has been iroposed with that object.
ADDRESS OF TIIE COMMITTEE.
Many praiseworthy but Ineffectual attempts have been made to
bring within the scope and operation of the laws of mortality and
money the savings of the industrious classes, as well as various cal-
collations regulating their distribution, having for their object either
immediate, contingent, or deferred benefits.
A slight examination, however, will demonstrate that the con-
struction of these associations or societies is defective; and that in-
stead of affording an easy access and a free choice of investment,
whicis should be the privilege of every one, they confine too liar-
. owly the -sienna through which a benefit can alone be secured ;
and, in proportion as their action is circumscribed and embarrassed,
their utility- is limited. For example, it is not to every individual
or to every class amongst the industrious community, that provision
in case of sickness is an object of such importance as to call for a
pecnniary sacrifice ; while to others such a provision appears more
attractive, and the loss of employment caused by sickness Is a risk
against which they desire to be guarded. For this anomalous state
of things there is an effective and simple remedy ; that is tb say,
Instead of covering, by one weekly or annual payment, two or more
contingent or deferred benefits, so to arrange it that each separate
benefit should have its separate contribution.
It Is to not having observed this rule, and to the association of
two dissimilar functions. and by confounding a sick allowance and
an annuity fund in one and the self-same payment, that much of the
evils and mismanagement has arisen amongst Benefit Societies. ,
No mechanism can be so perfect for the management of a sick -
i•ess-fund provision as that afforded by the constant sectional asso-
ciation and watchfulness of the several members composing it. By
this means a thorough and constant check is mutually exercised, and
none but the really sick are likely to become chargeable upon it.
lint the same perfection, or the same security, is seldom attainable
where a fund is to be accumulated through a succession of years,
and where results are to bear out calculations, money investment
seine in general beyond the experience of the industrious classes.
For these reasons it, is clear that the funds destined for a prvision in
dckness should be kept entirely distinct from the fund intended as a
provision for old age:-
Ist. Because the laws ot ckness an mortality, though apparently
connected, do not depend on d the same calculation.
2d. Because there are a great number who, in order to secure a
,arger provision in old age are willing to take the risk of providing
tor probable sickness on themselves.
3d. Because the responsibility of managing a provision for old age,
continued to a distant period is, in a great measure, incompatible
with voluntary associations, fluctuating laws, and individual irre-
sponsibility, and more exposed to a failure in the performance of
such a contract , that when undertaken on the same principles that
ordinarily govern commercial bottle..
4th. Because the expenses of providing for sickness must, when
united in the same payment with provision for old age, tend to dimi-
nish still more this provision : nor is it wisdom or good policy to en-
danger the one for the sake of the other.
Impressed with these convictions, and with an intimate knowledge
ot the discussions passing within the bosom of many of the existing
Friendly and Benefit Societies, the parties whose names are here-
unto attached, have had several meetings. with a view of proposing
or adopting a remedy for those arid other evils ; and in this manner
to give an additional force to the principles of brotherhood, unity,
and mutual aid, on which friendly societies are based, by guarding
them from the risks of sudden dissolution.
After much diligent search amonsst the combinations ingeniously
proposed from time to time for the attainment of one of the principal
objects of Friendly and Benefit Societies, they have found none equal
In simplicity and comprehensiveness of design, as well as forethought
and sympathy for the wants of the industrious classes, as the plan
proposed by the National Loan Fund Life Assurance Society. It is
true that the author of that plan has furnished an argument against
provision in sickness; but, without concurring in the immediate ex-
pediency of abandoning a srovision in sickness, no one can read the
other part of the plan Itself, without being fully sa,isfied that the
conven once and safety of Friendly and Ilenefit Societies will be
greatly secured and consulted, by separating the pas-ment of a sick
allowance from an annuity for old age.
A deputation having waited on the directors of the National Loan
Fund, who met in the handsomest manner the overtures made to
them for the establishment of a separate office for the transaction of
business connected with Friendly and Benefit Societies, and the in-
dustrious classes in general, resolutions have been entered into, con-
stituting, the undersigned as a Committee, with power to add to its
number, for the promulgation of the benefits contained in the an-
nexed prospectus, under the guarantee of the Capital of the Society,
and which, without interfering with the numerous objects connected
with the institution of Benefit and Friendly Societies, will in their
opinion greatly enlarge their sphere of utility, and afford a protection
to the working classes in old age and adversity, which nothing up to
ihe present day has adequately secured to them.
Thomas Burthom, P.C.lt., Ancient Order of Foresters.
John Fussell, C.R„ Ancient Order of Foresters.
John 11. Gordon, Is.S., Ancient Order of Foresters.
James Hale, D.C.R., Ancient Order of Foresters.
Henry Hunt, P.G., Manchester Unity of Odd Fellows.
Joseph Nugent, Pro. C.S., Manchester Unity of Odd Fellows.
Joseph Reeks, 8.0. F., Order of Old Friends.
Samuel Thnbrell, D.C.R.. Ancient Order of Foresters.
DEFERRED ANNUITIES.
Example.-A person aged 24 next birthday, by the annual pa
ntys
-
ment of 11. 65., or quarterly payment of 75., or monthly payme
of 2s. 23., may secure, on attaining the age of 60,3 s the option oPolicyf re-
ceiving Annuity, 101. 19s. 2d. ; Cash down, 1071.
on
Ehixi sanL,iptiee,
_13A71.
personrie aged 26 next birthday, may secure, on at-
taining the panne of 60, an Annuity of 10/., with the other options, by
the annual pant of 1/. 65. 9.1„ era single payment of 22/.173.3(14
or on paytnens of 61. 14s. 3d. for dissarity, lie will be entitled to
the same benefits by an annual payment of 18s. I Id., the same as
or age 20.
person aged 30 next birthday, by the annual pay-
Example.-A. p
ment of 11. 65., or quarterly payment of 75., or monthly payment
of 2s. 23., may secure on attaining the age of 65, the option of re-
ceiving Annuity, IV. Os. 4d.; cash down, 1481. 12s. ; or a policy on
his life 175/. 1 la.
Example.-A person aged 35 next birthday, by the annual pay-
ment of 11. 65., or quarterly payment of 75.,
or monthly payment
of 2s. 2,1., may secure, on attaining the ago of 65, the option of re-
ceiving Annuity, la/. Os. 4d. ; cash down, 1481. 12s. ; or a policy on
is life, 1751. 115.

LIFE ASSURANCE.
Example. —A person at the age of 30 next birthday ay secure
the um ot 1001. payable at his death, whenever it may ha may secure
the sum of ioo. payable at his death, whenever it may happen, and
Msos participate in the Annual Division cf Profiti, by the annual pay-
ment of 21. 9s. 3d.
Example.—A person at the age of 25 next birthday, by the pay-
ment of 4s. per month, or Is. per week, may secure the sum of
1121.55. payab'e at his death, whenever it may happen, and like-
wise share in the annual
Fprofits of the Society.
. FERGUSON C ‘MROUX, Secretary.

IMPERIAL LIFE INSURANCE COMPANY,
CORNIIILL, LONDON.
DIRECTORS.
HENRY JAMES PRESCOTT, Esq., Chairman.
GEORGE FIELD, Esq., Deputy Chairman.
James C. C. Bell, Esq. Daniel Mildred, Esq.
Michael Bland, Esq James G. Murdoch, Esq.
Charles Francis Cobb, Esq. John Horsley Palmer, Esq.
Andrew Colvile, Esq. Henry Pearce, Esq.
George Henry Cutler, Esq. George Reid, Esq.
George Ilibbert, Esq. William R. Robinson, Esq.
Thos. Newman Hunt, Esq. Newman Smith, Esq.
FOUR-FIFTHS, or 80 per Cent., of the PROFITS will be as-
signed to policies every fifth year, and may be applied to increase the
sum insured, to an immediate payment in cash, or to the reduction
and ultimate extinction of future premiums, as shown in the follow.
ng example :
PROFITS to P

ILICIES of 25 YEARS STANDING, entitled t•
ticipate in the Bonus declared in 1846.