How to Sell Assurance a Guide for the Agents of the Equitable Life Assurance So

Cover How to Sell Assurance a Guide for the Agents of the Equitable Life Assurance So
How to Sell Assurance a Guide for the Agents of the Equitable Life Assurance So
William Alexander
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His wealth is represented by his surplus the difference between the value of the house and the amount of the mortgage ; namely, $5, 000.
Do not let interested people throw dust in your eyes. It is the old fable of the fox who sneered at tails. The people who have sought to create confusion in the minds of the public regarding the surplus of the Equitable are those who are interested in companies having less strength and less wealth that is to say, less surplus.
" But, " some one says, " doesn't
... the surplus of a life company differ from the surplus of a business firm or an individual ? Is it not, in fact, a liability ?" Let us discuss that proposition : The surplus of a com- pany, whose business like that of the Equitable is con- ducted on the mutual plan, is in a certain sense a liability. It is, so to speak, an item of liability which the company is responsible for to those inside the organization. This is essentially true of such a company as the Equitable, for the members of the Society the policy-holders constitute the company.

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