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. 1920 Excerpt: ...who are engaged in certain occupations. The few insured lives who do go to these unfavorable regions or engage in hazardous occupations do not appear to produce serious results on the mortality experience of the companies. An example may be given of what this nonforfeiture meant fifty years ago in comparison with ...
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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. 1920 Excerpt: ...who are engaged in certain occupations. The few insured lives who do go to these unfavorable regions or engage in hazardous occupations do not appear to produce serious results on the mortality experience of the companies. An example may be given of what this nonforfeiture meant fifty years ago in comparison with policies now written by a reference to the policy provisions of one of the large life insurance companies' policies. The purchaser agreed fifty years ago that his policy became null and void if, without the company's consent, he passed beyond the settled limits of the United States or Canada or even visited those parts of the United States west of longitude i00. Nor could he go south of Virginia and Kentucky in the summer time or live within ten miles of the Mississippi or Missouri rivers south of latitude 400. All service on boats or trains was forbidden, as well as military service, except in time of peace. Death by suicide, dueling, and execution by the state voided the policy. At present all policies in this company are free from restrictions of residence, travel, occupation, and failure to pay the premium, after two full premiums have been paid, does not void the policy. Cash-Surrender Clause.--It was a marked improvement in the policy contract when the policyholder was permitted to withdraw his share of the common insurance fund. At present, if one wishes to withdraw from a company, he may have a specified cash-surrender value at any age, usually after the second or third year, or he may secure a loan, or he may have his insurance extended to that future date, which his past payment will purchase. In addition the policyholder is granted certain days of grace, usually thirty, for the payment of the premium and in the event that he fails to pay...
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Add this copy of Principles of Insurance; Volume 1 to cart. $49.08, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2018 by Sagwan Press.
Add this copy of Principles of Insurance; Volume 1 to cart. $52.52, new condition, Sold by Booksplease rated 4.0 out of 5 stars, ships from Southport, MERSEYSIDE, UNITED KINGDOM, published 2018 by Sagwan Press.
Add this copy of Principles of Insurance; Volume 1 to cart. $54.02, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2016 by Wentworth Press.