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    314 iiFE assurance;

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    . . One Theee That Cannot Appeals Possib...

    a commercial investment none offers such , large and secure returns as a well conducted Life Assurance Office . Very large profits have been

    known to have been realised froin these associations both to policy and share-holders . Moreover , these associations have better

    opportunities of investing monies ( mostly at compound interest ) than any other description of companies . And as from the way in which

    they are formed they cannot break like a bank , etc ., for when ( and thisseldom happens ) they are obliged to close they transfer their

    . business to more prosperous offices who fulfil all their engagements , no safer method of investing moneyeither in purchasing shares

    , or assuring for any of the advantages , is at present in existence than a prosperous Life Assurance Company . *

    Assurance associations are organized on the " mutual , " " proprietary" and " mixed " principles . The first is formed of

    policyholders , solely and has no shares , the entire risks and profits being divided amongst them . The second consists only of share-holders *

    the policy-holders having no voice as in the _" mutual" company . The " mixed" association is constituted of share and

    policyholders , all and each having a voice and exercising certain rights in itand the share-holders receivingin addition to interest on

    their , shares , a portion of the profits . Comp , licated as the forms of Life Assurance seem to be and extravagant as many of the advantages

    held out appear , the whole of them are founded on the most simple princile it is possible to conceive . As the tables of mortality shew

    that of p fifty persons of various ages one will die every year until the whole have departed to that " bourne from whence no traveller

    returns , " and supposing fifty persons to have assured their lives for one hundred pounds each , each paying four pounds a year premium ,

    and that one of them dies immediately after the first premium has _been paidthe one hundred pounds is handed to his representative

    although but , four pounds have been invested ; while the individual who dies last of the fifty secures no more than one hundred pounds to

    his heirs , although during fifty years he has paid two hundred pounds . Thus the excess of premium on the longest life creates a

    fund which enables the office to perform the peculiar engagements attendant on Life Assurance business . There are two ways of

    assuring , with and without " profits . " In the case of him who died first of the fiftthere would have been no time for a homesas it

    is calledto accumulate y , on his policy ; but on the policy of , him who died , last of the fifty , there would probably have been a large

    bonus or sum of money paid in addition to the one hundred pounds : therefore if the whole fifty had assured ivith profits , the longest livers

    would have secured the most to their survivors . It is , however , more expensive to insure with profits .

    make Many an : obj pious ection well to -meaning this beautiful persons princi , more ple on particularl the score of y reli women gion , ,

    to which it is they conceive in some way opposed , and they regard

    the solemn kindly act of assuring for the" benefit of a beloved wife

    314 Iife Assurance;

    314 iiFE assurance ;

• Citation
  • English Woman’s Journal (1858-1864), Jan. 1, 1859, page 314, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/ewj/issues/ewj_01011859/page/26/