Synopses & Reviews
Synopsis
Excerpt from Cost of Insurance: A Treatise Upon the Cost of Life Insurance, Together With an Arithmetical Explanation of the Computation of Premiums and Valuation of Policies; To Which Are Added Tables of Net Premiums, Cost of Insurance, &C., For the Use of Life Insurance Agents
The object of this treatise is to explain the science of life insurance, so that its main features can be easily understood by any one having an ordinary knowledge of arithmetic. The author has avoided as far as possible the algebraic terms which have hitherto made the subject almost incomprehensible to agents; and he has endeavored to explain and illustrate it in the simplest possible manner. The great want among life insurance companies at the present time is agents who thoroughly understand the nature of the business they are advocating, and who can present arguments based upon the scientific nature of the subject, and meet objections without referring to the home offices for information. The importance of life insurance is now universally admitted by all intelligent men; the information which they require is, whether it will pay, and what are the necessary premiums which the company must charge for insuring their lives. If they are satisfied that it is a good investment, the victory is half won.
About one half of the tables in this treatise are from a larger work on the Cost of Insurance, published by Stephen English, Esq., Editor of The Insurance Times. The remainder were computed by the author.
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