On the advantages of policies of insurance terminable at the age of 63 or at death, instead of at death only
Citation:
Hancock, W. Neilson. 'On the advantages of policies of insurance terminable at the age of 63 or at death, instead of at death only'. - Dublin: Dublin Statistical Society,Vol.I, Part VI, 1856, pp321-323Download Item:
Abstract:
The common mode of life assurance is subject to one defect. If
the insured should happen to attain a considerable age, he changes,
as time advances, from being a productive member of society, to a
state of inability for laborious exertion. His duties generally
change too; the relatives whom he was at first bound to support
have either died already, or have become themselves productive
members of society, or have passed by marriage to the care and
protection of others. Thus, men of advanced life often require assistance
instead of being bound to give it; and the longer they live,
the more they require to be supported and the fewer claims have
others upon them. Now, by the common mode of insurance, the
same premium continues payable every year until death, and the
sum assured cannot be realized until that event.
Description:
Read April 21st, 1856
Author: Hancock, W. Neilson
Publisher:
Dublin Statistical SocietyType of material:
Journal articleCollections
Series/Report no:
Journal of the Dublin Statistical SocietyVol.II Part VI, 1856
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InsuranceISSN:
00814776Metadata
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