Book Description

Excerpt from Assessment Life Insurance: A Treatise Showing the Origin, Development and Condition of the Assessment System of Life Insurance If one had defined assessment life insurance when it was new, he would have said that it was a plan by which the amount of a claim was collected after the death of the insured by levying an assessment upon the living mem i bers. There is no doubt that this practice of post-mortem assessments gave the name to this plan of insurance, nor that the plan came into use because of men's unwilling ness to part with their money until it is needed and as a result of suspicion of the accumulation of money in the hands of the regular companies. This sentiment caused the adoption of the following motto: The best place for a dollar - (that is, until required) - is the pocket of the man who made it. The idea was to call in money as needed and not a moment before; and the assessments were orig inally a certain sum upon each living member at the death of a memberi. The benefit paid at the death of a member was limited to what was collected in this way by one assessment. 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.