The Story of Life Insurance
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In our eReader you can find the full English version of the book. Read The Story 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 Story of Life Insurance
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Such men, that is, entered the company, not for the insurance, but for the " investment." In other words, men of wealth have taken Tontine policies in order to get the profits made by closing out those less affluent than themselves. In 1878 Elizur Wright de- clared that, up to date, 100,000 policy-holders in the Equitable and New York Life, who had dropped their policies, " found themselves in no better position than if the companies had failed." In 1885 John K. Tarbox, insurance commissioner o...f Massachusetts, declared that forfeitures already set apart and divided under the Tontine system " would have provided for dependent family support to the amount of tens of millions of dollars." In the main, lapsing members were those over- taken by misfortune. Others ceased through careless- ness, misunderstandings concerning the days of pay- ment or days of grace allowed, or temporary illness.
Others had taken Tontines with inadequate notions of what they were, and then afterward abandoned them in disgust.
What to read after The Story of Life Insurance?
You can find similar books in the "Read Also" column, or choose other free books by Hendrick Burton Jesse to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Such men, that is, entered the company, not for the insurance, but for the " investment." In other words, men of wealth have taken Tontine policies in order to get the profits made by closing out those less affluent than themselves. In 1878 Elizur Wright de- clared that, up to date, 100,000 policy-holders in the Equitable and New York Life, who had dropped their policies, " found themselves in no better position than if the companies had failed." In 1885 John K. Tarbox, insurance commissioner o...f Massachusetts, declared that forfeitures already set apart and divided under the Tontine system " would have provided for dependent family support to the amount of tens of millions of dollars." In the main, lapsing members were those over- taken by misfortune. Others ceased through careless- ness, misunderstandings concerning the days of pay- ment or days of grace allowed, or temporary illness.
Others had taken Tontines with inadequate notions of what they were, and then afterward abandoned them in disgust.
What to read after The Story of Life Insurance?
You can find similar books in the "Read Also" column, or choose other free books by Hendrick Burton Jesse to read onlineMoreLess
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