New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-11-12
Life Assurance.


We have so frequently urged upon our readers
the wisdon-in many cases the duty-of making
provision for the support and comfort, in the event
OF their death of those dependent upon them, by
insurng their lives that we feel it to be unneces-
snry to reiterate those arguments, which the pro
verbal uncertainty of human life and the daily
instances of the benefits arising from life assur
ance. have placed in the list of incontrovertible
truisms Our present object is to direct the atten
ton of those who from any OF the various motives
that may render it advantageous to them, con
template etiecting insurance on their lives to the
advertisement of the National Loan Fund Life
Assurance Society,"" OF London, in our present
issue By pcrusing it, they will readily discover
the advantages which this Society offers to those
insuling with it, over and above those deriva0le
from policies obtained from other companies. The
principal of these advantages we shall shortly
explain. 1t is that the system adopted by the
National Loan Fund Society combines,-and
with perfect security as well to the insurer as to
the insured.-the benefits derivabe from the sys
tenn of Savings b anks and that of Life Assurance.
A policy effected with it performs double Office
it may either be used as q means OF promoting
the welfare OF the insured himself, or OF providing
for that of his family at his death. This result is
attained by the Society binding itself at all times,
to lend the assured, upon interest, one halt OF
whatever amount irregular annualpremlumh ne may
have paid upon his policy, and this without person
al liability or even deposit OF the policy, but oy
simple Endorsement ofthe amount borrowed there
on For eXample-we will suppose man OF IS
wears of age insured his life for S10,OOO-his an
nua payment for which, according to the Society
rates would be Sl04 about SIS 4 year on the
whole sum above the ordinary rates charged
without these important advantages. Should ne
die within these ten years from the date whenne
effected his insurance, his family VIII receive at
G-p l,c1t in
in cash-than his savings, in short-and, even de
Quoting the loans, net sum OF &5,96O-rece'rtnS
BESIDES his Sh0YCO profits and It must not be TOR
gotten that the fact OF his having insured MS HE
nav probably, have been the means OF forcing nun
to lny by this amount from his income tor lew
men especially of limited means and large lam
lies have the selfcontrol to deny themselves or
their children the pleasure OF spending an amount,
TIE saving of which would, apparently so little
benefit them; and it IS only the fear OF their taml-
lies losing entirely the benefit oil past payments,
that spurs them on to make the annual payments
on their life policies, at whatever saeuhoe OF pre-
sent enoymcnts But we will suppose that the
party insured survives the ten years and that he
then, from some OF the numerous casualties to
which all are exposed, either ilnds 1t Impossible
to continue his annual payment OF 2iOl upon his
policy, or requires n little pecunlary assistance
Tor any other purpose, he Mt once, without
trouble, make assignment OF his policy or soil.
citation to others, obtain, as right cash credit
of $4,000 one-half from the National Loan Fund
Society We have taken ten years as the term
by which to exempGy the working OF this system,
but of course the principle equally applies Mt any
time during the tendency Of the policy, and VIII,
according to circumstances, be found more or less
beneficial TO the insured, than in the we
have supposed. The adoption of this combi-
nation of the advantages derived from the SIM
pie accumulation OF savings and the securing to-
the survivors the benefit OF averaging the lie oil
those on whom they depend, and thus escaping
the disastrous results of their sudden or prcma-
ture deccase, is We think, the great merit OF the
National Loan Fund System but this Society
offers other advantages, which it would be well
for those who contemplate insurng their lives to
acquant themselves with, by calling at the Office
of the General Agency, II Wast. where they
will obtain every information to guide them, IN
what in nine cases out Of ten, at least, we feel
perfectly warranted in calling their wise and
praiseWorthy intention Another striking iea-
ure i'll this institution, long in practice IN their
London business, but now introduced into their
American Agencies is, that man may insure
his life for any sum within $4,000 by the an.
nual payment Of moderate premium, and II
lie survive to reach the age OF GO years the 7rhote
sum IS paid to hlm-or ii he dies before he
reaches that age, then the $4,000 Is paid to his
family, or to his heirs. We are we'll aware that
life assurance is frequently and benefclally re-
sorted to as means oil facilitating pccnnlary ar
rangements OF every description; but, in the vast
majority of cases. we believe it is adopted by the
right hearted and aFectionate father, to ward pow
erty and distress from the lot of those who are
dearer him than lile in the event of their being
deprived of his protection and care. Llfe-Assur-
ance, of all the inventions and discoveries OF mod
ern times, is most emincntly calculated TO prove
The stay and support Of the widow and orphan
TO protect them from the cold seliishness of the
world-and therefore is it, that we lose no oPpor
tunity of explaining its merits aud enforcing them
upon the attention Of our readers. Cour. & Emo.