Notes on Life Insurance, Vol. 1 PDF ePub eBook

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Notes on Life Insurance, Vol. 1 free pdf Excerpt from Notes on Life Insurance, Vol. 1: With Appendix, Algebraic Discussion In case a renewal premium is not paid, the policy-holder has 110 right in equity, at his own option, to demand the return to him of any portion of the reserve. The original contract was for insurance: the policy-holder's contributions to tho reserve fund are intended to provide for future insurance, and all that ho is in equity entitled to is the insurance that these contributions will at that time effect. In case a policy-holder docs not pay his renewal premium: "The company ought to give him paid-up insurance, and can base it upon his contribution to the reserve fund." "This being done, the policy-holder has received the full value of his payments, in tho commodity in which the company deals.' "The theory that all the computed reserve is the individual property of tin insured, to be demanded and received at will, is unsound and unsafe." (Prof. Bartlett, 1875.) "Does the system itself rest on principles and laws so certain and stable as to justify a reasonable conviction that if the system is fairly and honestly administered, the broad that is cast on its waters will be surely found, though after many days?" (John E. Sanford, 1803.) "What is wanted is that the school-house and the press, tho universal educators, shall take up tho matter, not in the interests of companies or their agents, but in that of the public and it coming generations. The companies have nothing to fear but every thing to hope from the most thorough discussion of their plans and tho exposure of all the details of their management." (Elizur Wright, 1872.) About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully- any imperfections that remain are intentionally left to preserve the state of such historical works.

About Gustavus Woodson Smith

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Details Book

Author : Gustavus Woodson Smith
Publisher : Forgotten Books
Data Published : 27 September 2015
ISBN : 1330386981
EAN : 9781330386989
Format Book : PDF, Epub, DOCx, TXT
Number of Pages : 212 pages
Age + : 15 years
Language : English
Rating :

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