State Insurance, a Social And Industrial Need
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In our eReader you can find the full English version of the book. Read State Insurance, a Social And Industrial Need Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book State Insurance, a Social And Industrial Need
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To quickly assess the difficulty of the text, read a short excerpt:
P. " How to Buy Life Insurance, p. 71, and ly. D. Brandeis, Address before Twentieth Century Club, Boston, October, 1906.
124 STATE INSURANCE — whose machinery and methods most nearly resemble those of industrial insurance com- panies — it found a tendency on the part of the managers to forget that they were simply trustees and to look upon the concern as their own personal property. So in this country the insured finds himself not only paying legiti- mate expenses, but contributing to enormous... dividends to stockholders and apparently to dividends to more highly favored insurers in the same company. A flagrant instance of such dividends to stockholders has often been cited, where upon an original investment of $1000 there is an annual return of $2200. * The percentage of withdrawals from such companies — often exceeding ninety per cent — is of great significance. The apologists for such insurance flippantly tell us that it is only the thriftless that withdraw, seeming to forget that it is not intended for well-to-do and prosperous people.
What to read after State Insurance, a Social And Industrial Need?
You can find similar books in the "Read Also" column, or choose other free books by Frank W Frank Wesley Lewis to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
P. " How to Buy Life Insurance, p. 71, and ly. D. Brandeis, Address before Twentieth Century Club, Boston, October, 1906.
124 STATE INSURANCE — whose machinery and methods most nearly resemble those of industrial insurance com- panies — it found a tendency on the part of the managers to forget that they were simply trustees and to look upon the concern as their own personal property. So in this country the insured finds himself not only paying legiti- mate expenses, but contributing to enormous... dividends to stockholders and apparently to dividends to more highly favored insurers in the same company. A flagrant instance of such dividends to stockholders has often been cited, where upon an original investment of $1000 there is an annual return of $2200. * The percentage of withdrawals from such companies — often exceeding ninety per cent — is of great significance. The apologists for such insurance flippantly tell us that it is only the thriftless that withdraw, seeming to forget that it is not intended for well-to-do and prosperous people.
What to read after State Insurance, a Social And Industrial Need?
You can find similar books in the "Read Also" column, or choose other free books by Frank W Frank Wesley Lewis to read onlineMoreLess
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