Excerpt from Elements of Life Insurance: Third Editions With Definitions of Life Insurance Terms
The demand for this little book calls for a new edition, and the changes in life insurance as practiced in the United States which have taken place during a decade past have rendered it necessary to make this a revised edition as well. The surprising thing is that the princi ples of sound life insurance are so well established and so universal that even the great, and indeed startling, de partures in recent years from the former methods result in but few alterations of the text - and these relatively unimportant - and in yet fewer additions.
An earnest attempt has been made to make the book yet simpler and more explicit than in the previous editions, and to exclude all that is mere opinion.
A glossary has been added, giving the definitions of life insurance terms which are in common use, with references to pages of the book which discuss the subject more fully.
In revising the book, its employment as a text-book in schools and colleges has been kept in mind, and especial efforts have been put forth to make it accurate and denni tive throughout.
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Paperback. Condition: New. Print on Demand. This book delves into the fascinating world of life insurance, tracing its origins and evolution from ancient times to the early 20th century. The author meticulously examines the principles underlying life insurance, exploring its key features and comparing it to other forms of insurance. A central theme is the importance of reliable statistics and the development of mortality tables, which allow insurance companies to accurately assess risk and set premiums. The book dives into the methods used to calculate premiums, including the concept of ââ Å"natural premiumââ  and its historical significance. It also discusses the various forms of life insurance policies, from term insurance to endowment insurance, and explores how premiums are calculated for each. The book offers a thorough exploration of the different aspects of life insurance, including the importance of ââ Å"insurable interestââ Â, the calculation of reserves and the concept of surplus, and the different ways that surplus is apportioned and applied. It also examines the development of surrender values and loan provisions in policies, highlighting the historical context and evolution of these concepts. The book provides a comprehensive overview of the life insurance landscape as it existed in the early 1900s, offering valuable insights into the industry's history and the principles that continue to shape it today. Forgotten Books publishes hundreds of thousands of rare and classic books. 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. The digital edition of all books may be viewed on our website before purchase. print-on-demand item. Seller Inventory # 9781332326150_0
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781332326150
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Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781332326150
Quantity: 15 available