Synopses & Reviews
Synopsis
Excerpt from Life Insurance for Professors, Vol. 4
Thus we see that when we consider only the probabilities of the two cases a larger provision for life insurance than for old age appears desirable. When to these considerations we add that. The needs of a family which is suddenly deprived of support are extremely urgent, and that there is no other way to provide for them than by life insurance; but that, on the other hand, the provision which must be made for old age is for a remote con tingency, for which a man has the whole period of his working years to prepare, it is reasonable to regard the duty of insurance as far more pressing than the duty of provision for old age. At the least, we may conclude that the young man at the beginning of his career is extremely negligent if he fail to provide life in surance which will be adequate to the needs of his family in the event of his early death; but that he may quite properly delay for a while the beginning of the accumulation of a reserve for his own old age, with the expectation of being able to provide for it from the increasing resources of his maturity.
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Synopsis
Excerpt from Life Insurance for Professors, Vol. 4
It is the experience of many men to find, when they undertake to make provision for their families by life insurance, that the premium rates charged by the insurance companies are so high that it is almost impossible for them to pay for an amount of insurance which is adequate to the needs of their families. This state of affairs bears with peculiar hardship upon those whose income is in the form of salary, a class to which the university professor usually belongs. May it not be possible that, by the establishment of an insurance office which shall give attention to the needs and resources of professors, life insurance may be furnished to them at'rates which will bring it within their power effectually to assure the discharge of their obligations to their dependents in the event of death?
The problem which such an organization will have before it may be framed as follows: How should the principle of life in surance be applied, in order to provide in the most economical and efficient manner for those risks which are caused by the um certain duration of life, among a group of people whose economic and social conditions present the marked degree of uniformity which is the case among college faculties?
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.