The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1838-05-01 00:00:00

Thus, it appears that the highest expectation of sickness,
amongst males., is twelve sod a half days, and the lowest six
days, in each year from the age of twenty to sixty-five; its
mean duration, inclusive of accidents of alt kinds, would be
nine and a. quarter days, during which, from these causes, an
individual may expect to be abstracted froth productive employ-
ment 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 and 156 days. •
V. From the foregoing facts it must be obvious that provision
in sickness,. or a Health Assurance by means of a separate con-
tribution, is necessary, more particularly as such separate con-
tribution must tend to waste the resources out 'of which the in-
dustrious classes have to provide for the future. It also in effect
throws the burthen of the permanently sick on one class ex-
sivelv, instead of society at large-; who are thus called on
for an act of benevolence, while they are scarce able to do jus-
tice,to-AluaAdaims of their own families. Besides this, trOloom-
pensation. is given out of the contribution for a provision in sick-
ness and old -age to the families of those who never teach the
age of 65, .though death should happen immediately preceding
it ; and, if an assumed hypothesis is correct, that sickness be-
fore death . is ,not more than five weeeks, and taking bed-lying
pay at Ills. per week, it will not unfrequentiv happen the only
return a man may obtain as a long and steady contributor. to a
Benefit Society, will not exceed 505., a sum scarcely equal to
one year's payment at a shilling per week, while by his death
be leaves.his family entirely unprovided for.
VI. It is to remedy these defects. inherent in the constitution
of Benefit Societies, that the National Loan Fund Life As-
-surance society proposes to submit a plan of Deferred Annuities
on a new principle, which will not only atTimrd a more ample
provision for old age,' and protection against sickness and mis-
fortune—but in addition, the means, at all times, of putting his
energies in motion, and in the event of premature death, a bet-
ter protection to his family.
The plans proposed will embody several essential objects:-
1. To secure an increased provision for old age nut of a given
saving, by applying it exclusively to the purchase of a
Deferred Annuity.'
2. To render the purchase of a protection in sickness unne-
cessary, by enabling the purchaser ,w a Deferred An-
nuity to withdraw or borrow two-thirds of his previous
payments.
3, By the use of two-thirds of all his payments when required;
to limit Misfortune and want of employment, and extend
the power of poductiveness by an increasieg' command,
in each year, of capital, so that, while providing fur mid
age, ear h successive contribution renders him more se-
.. cure against present Misfortune.
4 To afford, at time 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 t value fixed on the contract,
or a larger sum payable at his den h.
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 nosy be settled on the contract.]
6. 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 pre-
sent Annuity.

Vll. Not vvithstaMling-the obvious and tnanifold advantages
of this plan over every other hitherto proposed, for scenting
present an►- future competence to the .incitistrUnis polotlation.
still more stsikito vantiwes wiii he exhibited by contrastiry
its prospective provision for old age with that offered by Benefit
Societies. T his arises from the uou-abstraction of a given sum
for a separate benefit in sickness, which protection, by the oper—
ation of the Loan Fund on the Deferred Annuity, is not only
more ample, but other misfortunes are proVided against, which
if calculated, and a separate contribution male for each, whose
d'uratiou equals that of sickness, the- purchase of llern would