124 Mr W. Fraser 07i the present Erroneous and 



the same standing, there would be no chance of its being in a 

 great measure carried off on account of those who died early. 

 Still farther to prevent individual loss, should any one, after be- 

 ing some time a member, find it inconvenient to pay the full 

 amount of his original premiums, or even to remain at all in the 

 institution, either the sum assured should be reduced, so as to 

 admit of a corresponding reduction in his annual payments, or 

 his interest in the capital at the time should be ascertained, and 

 a due proportion of it returned to him, in the case of his with- 

 drawing altogether from the society. 



To whatever extent the premiums are found to be less in the 

 subjoined Tables than in those of the present institutions, the dif- 

 ference may be said to be just so much saved to the assured, and 

 upon premiums for large sums, it would afford at once a consi- 

 derable addition to the policies. The difference upon the pre- 

 miums of Females in particular will be found to be no trifle, from 

 the greater longevity known to prevail among them than among 

 males — a fact which has been long ascertained, but which has 

 been very seldom taken into view in calculations for Life Assu- 

 rance. 



It needs only farther be noticed, that in commencing a 

 Life Assurance Society, a large number of members, or high 

 individual assurances, are by no means indispensable. A limit- 

 ed number, for sums from L. 100 to L. 500, should be only 

 expected in the first instance, and whose premiums might be 

 made payable either annually, half-yearly, or quarterly. Both 

 of these would without doubt be very speedily increased ; but 

 in such an institution, as indeed in any other concern, it is safer 

 to proceed upon a small scale at first, and advance gradually, 

 than to undertake high individual risks before a sufficient num- 

 ber of policies be issued to cover them. 



The following Tablesshew the value, both in single payments 

 and in yearly premiums paid in advance, of L. 100 to be re- 

 ceived six months after the death of a male and also of a female ; 

 according to the Government Tables, interest 4 per cent. ; in- 

 cluding the per-centage before mentioned for charges, and addi- 

 tional security to the assured. 



