92 New mode of Life Insurance. 



It is not to be expected that any large sums would be so 

 invested, because the return would be less than could be obtained 

 in other ways, and would only be realised on withdrawing the 

 capital. 



It would, therefore, most probably be found sufficient security 

 for the office if the insurer were required to undergo a strict 

 medical examination before opening his account with the office, 

 and if he were required to attend personally for the purpose of 

 making each deposit, and to hold himself on all such occasions 

 ready to submit to a further medical examination if it were 

 thought necessary. 



If this were the case any unusually large deposit would natu- 

 rally excite suspicion, and the reception of the deposit would be 

 deferred till after such examination. The medical adviser of 

 the office would also, of course, be provided with a list of 

 depositers, and would keep a general lookout as to any indication 

 of disease. 



It would also probably be necessary to require a notice of 

 three or six months before the withdrawal of any large sum. 



In conclusion, I wish to state that this suggestion is not to 

 be judged of as one claiming to do great things, but merely as 

 an additional convenience to those persons whose incomes are 

 so fluctuating as to deter them from encumbering themselves 

 with a regular life insurance, and who, at the same time, are 

 desirous of investing their savhigs in a way as advantageously 

 as possible for their relatives in case of their early death, yet in 

 such a manner that they may readily realise them without loss 

 in the event of their requiring them. 



PS. — Since reading the preceding Paper I have been informed 

 by W. H. Archer, Esq, that the proposed system has been 

 adopted by more than one office ; but I have not been furnished 

 with the names of the offices or the details of their arrangements 

 in time for press. 



W. P. W. 



Sept. 23, 1857. 



