The a B C of Life Insurance
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In our eReader you can find the full English version of the book. Read The a B C of Life Insurance 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 The a B C of Life Insurance
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And note the number and amount of premiums in excess of the actual cost of the insurance paid each year by those who die dur- ing that year, and compute their aggregate with compound interest accretions. Of course, under the pure endowment, page 26, since there is no insurance there can be no cost of insurance, and the reserve at the end of each year includes every cent which has been paid by all those who have died. If ^the reader has followed the discussion carefully from the first page to th...e current one, he will readily understand that the amount of contribution to the reserve by those who have died will vary very largely with the form of policy and the length of time during which the insurance has been in force, being in some cases of considerable, and in others of incon- siderable, importance. But that any such contribution, of greater or of less amount, has been made, is sufficient to nullify the alleged " ownership " of the reserve. The fact is that the insured agrees to pay so much a year for so much insurance ; as a rule he knows little of the theory or practice of the business, and concerns himself less.
What to read after The a B C of Life Insurance?
You can find similar books in the "Read Also" column, or choose other free books by Charles E Willard to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
And note the number and amount of premiums in excess of the actual cost of the insurance paid each year by those who die dur- ing that year, and compute their aggregate with compound interest accretions. Of course, under the pure endowment, page 26, since there is no insurance there can be no cost of insurance, and the reserve at the end of each year includes every cent which has been paid by all those who have died. If ^the reader has followed the discussion carefully from the first page to th...e current one, he will readily understand that the amount of contribution to the reserve by those who have died will vary very largely with the form of policy and the length of time during which the insurance has been in force, being in some cases of considerable, and in others of incon- siderable, importance. But that any such contribution, of greater or of less amount, has been made, is sufficient to nullify the alleged " ownership " of the reserve. The fact is that the insured agrees to pay so much a year for so much insurance ; as a rule he knows little of the theory or practice of the business, and concerns himself less.
What to read after The a B C of Life Insurance?
You can find similar books in the "Read Also" column, or choose other free books by Charles E Willard to read onlineMoreLess
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