The North-Carolina standard., 1849-02-21
LIFE 1NsuRGNcEf

Institutions of this character have been in operation
in England, for more than centnry: but it is only
within few years that the nature Of this institution
has been comprehended in this country and its bene
fits embraced. @'F4 '.Nssa''
They are not onl used to afford security to the as
sured, but they furnish safe and profitable mode of in
Eestment for capitalists The principles of life insu-
rance are the same those insurance. From
certain d0a the nature of the risk is asceraine and
the amount of premium determined upon. Records of
deaths have been kept in different cities, for numb
er of consecutive years, and from these records have
been constructed tables, showing what is technically
called the probability of life " Of person of any
given age The subject regarded one of sufficient
importance in England to engage the consideration
of the British Parliament, which in 1925 appointed
committee to inquire into the merits of these tables
The oldest tables of rates for life insurance in
use, are the Northampton formed by DIR. Price from
the bills mortality kept in the parish of All Saints,
next tables are the Swedish, and were constructed
upon returns collected in the years 1875 to IT'S,
from the whole population of Sweden and Finland (;
they have been corrected by others made at different
periods. The third table, formed in France by M.
Parcieux during the years 1889 to 1876. and taken
from select lives. The fourth, called the Carlisle
table, formed during the years 1779 to 1887, upon
the population of that town in England. These last
tables Were approved by the Committee of Parlia-
ment. ALI these tables have been modified for it is
ascertaned that in later years the duration of human
life has increased in consequence of the advance in
medical science, and the improvement of The moral
and social condition of society From these tables
a calculation can easily be made, how much person
ought to pay yearly, during his life, to entte his
representatives after death to receive certain sum
taking out the account the rate of interest at which
these annual payments presumed to accumulate,
and the profits of the insurers. :. 4-t
Life insurance has become a very extensive busi-
ness in Europe. In London, alone, there eighty
offices for this purpose, and throughout the kingdom
every town of two thousand Inhabitants has several
agencies from them. The real service of the Instiu
ton to persons who have certa and limited incomes
whether salaried officers, professional men, mechan-
les, laborers, should commend it to general accep
tance. 1t IS, however, not only of private benefit
as atordlng support and protection to families who
might otherwise be destitute; bat it is of public
utility, as exemptng society from the pressing de-
mands of the suffering poor and of conseq sent crime
Within few years past there has been modiflca-
ton, or rather improvement, of the original Life
| Insurance Companies. What are called "Mutual
Benefit associations have been established. the prin-
cPe of which is, that the person taking out policy
becomes member and has mutural or joint interest
In Its concerns and property, and voice In its man.
agement.
! The science of life insurance has revealed some
new and interesting facts In the first place, it is
ascerained that people live longer than they did
century ago, or rather fewer die young. This is
owing to the increased attention paid to personal
cleanliness, aud public health, to improvements in
medical science, and particularly the discovery of
vaccination. Another fact elicted is, that the richer
classes live longer than the INDECENT; because they
more exempt from the evils of want, and the ankle
ties OF business. Women live longer than men.
They are not as subject te exposure, to dangerous
emPloyments, to the and anxiety of men they
are moreover of more temperate habits.
Life insurance is applied to a variety of CONNER
cial purposes. Creditors insure the lives of their
debtors, and persons insure their lives for the
benefit of their creditors. In every form, Life In
surance is an institution productive of good.
Ne1r Orleans Bulletin.