Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1852-10-16
LIFE INSURANCE COMPANIES IN ENGLAND.
FROM ORR LONDON conREspoXpgyr.

OUR LONDON CORRESPONDENT.
good deal of attention is excited upon the subject Of
life insurance companies which have lately increased in
England at very rapid rate. Prior TO 1900 there were
only TO- at the end of lS43 there ~ the close Of
1851 there 152 life companies doing bust
in England being increase Of 70 in eight years
937 per annum OF the whole number Of increase A
established in London The amount insured in these
companies is estimated at upwards Of fl50,OoO0O0,
yielding annual premiums to the amount Of f5OO0,000
In other words, portion Of the population Of Great
Britain now pay EA000 900 annually in order that
ESQ 100000 may be paid to their families at their de-
cease within varying periods the average Of which up
wards Of thirty years What striking proof is this Of
confidence in the future, and Of provision being made
for the being of society through long periods
This increased providence in individuals has created more
business for Offices and has rendered Offices
necessary The value Of life has ALSO owing improved
habits very materially ncreased profits have Of course
been greater the value Of life is still advancing and the
profits Of the Office still increasing In consequence
premiums have been lowered and new tables, giving
greater average duration Of f have been constructed
but the Offices continue gain largely they frequently
give large bonuses to the or divide profits with
them, and this empts and persons to assure
IL has lately been discovered that an Office may
be established and may succeed with very he capital
Mr. X H. STRoUsBERG Ia consulting actuary) has abso-
lutely published pamphlet to prove that capital il
quite unnecessary, except TO pay expenses at the con
mencement Of an institution and to form, during a,
earlier years Of companys existence guaranty snt
in case the premium fund should prove nsuficif mt
This dctudry says that the immense capt. ais
old companies have become incumbrance to hem.
That little capital necessary for the successful e. tbisb
ment Of an assurance company is proved by tn fact
stated by Mr.. CHRISTIE, that out Of forty -four none
the highest amount Of capital subscribed TO n, 80 wa
only E46,O0O while Of the majority the r, = i, from
100000 to e2,0O0 The proprietors Of !. s..,,ro,c
company may be said to come before the - --;.h
proposal, which, in few words is as foll ,.Yo.5u
so much money for year. according am
we will repay certain sum TO your :. -
death" Now as the power to pay tn, .N-, -, !
q distant period depends entirely ont 90. = -
interim Of the capital borrowed i'll .. 20 -, ~
portance to look to the charact ~. - 80,
assurance companies, not only as - -, h.
also their reputation for CONNIE 81 - IN
skiH especially since it has be, -. a, y - 800
panies are started, and do sue - -,
very triAing, capital. To .r.n,
for the honesty and capaci' - ,,.....- !. ,e
baps impossible No sure "a - ~, ...r.n
ing roSue,y ~" 80 ~ has yet been discovered Pc
s !, c.n,Ion - keep the public alive to the NJ
oeooy 100 ~ go iake directors liable for the 81
49, !. Il 80; pany, and for the Legislature
n.y.S 80 ~. ;nd;,. soorporaton unless perfectly We
eosa.u II -. dual high standing and mercanti
H. y VISIBILITY Of those who apply for
nsooo,a s ni.hln Of which writing are con
.a si =; seful In every part Of the world whe
nn..ans -h;oh izston have made any progress al
ques~Vs may arise respecting them in Esglar
States " -