This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1895 Excerpt: ...the "Record" for that year: Two men may appear to have equally good prospects of long life, and yet one die within a month, and the other live many years. For example: Policy No. 7, issued May 19, 1845, is still in force, while Policy No. 142,835, issued June 24, 1880, matured by the death of the insured just five days ...
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1895 Excerpt: ...the "Record" for that year: Two men may appear to have equally good prospects of long life, and yet one die within a month, and the other live many years. For example: Policy No. 7, issued May 19, 1845, is still in force, while Policy No. 142,835, issued June 24, 1880, matured by the death of the insured just five days afterward. Policy No. 15, issued May 24, 1845, upon a life aged twenty-nine, is still in force, f while Policy No. 17, issued three days afterward, upon a. life five years younger, matured by the death of the insured January 13, 1889. The latter policy was for $1,000, and its total cash cost, less dividends, was $406.24, an average of $11.61 per year. If this $11.61 per year had been put at compound interest at % per cent, per annum, it would have brought at the end of thirty-five years only $988.75. Among the bills affecting life companies that were introduced in the Legislature in 1880, and failed of passage, there were two of special interest in connection with the history of the New-york Life. One of these bills authorized life companies organized under the laws of the State to lend money on bonds secured by pledge of their own policies, such loans not to exceed the reserve value of the policies pledged; and if such loans were refused by the issuing company, any other life company was authorized to make them to the amount of one-half of the reserve value of the policies pledged. Another bill required life companies to attach to each policy issued by them within this State a copy of the application upon which the policy was based. The first of these bills was only permissory--it compelled nothing--and it would have been of great value to the companies and to the insured; the second required what the NewYORK LIFE had been doing of...
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New. Sewn binding. Cloth over boards. 468 p. In Stock. 100% Money Back Guarantee. Brand New, Perfect Condition, allow 4-14 business days for standard shipping. To Alaska, Hawaii, U.S. protectorate, P.O. box, and APO/FPO addresses allow 4-28 business days for Standard shipping. No expedited shipping. All orders placed with expedited shipping will be cancelled. Over 3, 000, 000 happy customers.
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PLEASE NOTE, WE DO NOT SHIP TO DENMARK. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Please note we cannot offer an expedited shipping service from the UK.
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PLEASE NOTE, WE DO NOT SHIP TO DENMARK. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Please note we cannot offer an expedited shipping service from the UK.
