Life Insurance: A Textbook |
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Page ix
... method , 7. Life insurance changes uncertainty into certainty and is the opposite of gambling , 10 . II . - FAMILY AND PERSONAL USES OF LIFE INSURANCE 13 Capitalization of the value of a human life and indemnification of that value , 14 ...
... method , 7. Life insurance changes uncertainty into certainty and is the opposite of gambling , 10 . II . - FAMILY AND PERSONAL USES OF LIFE INSURANCE 13 Capitalization of the value of a human life and indemnification of that value , 14 ...
Page x
... method of pay- ing premiums , 47. Policies classified according to the inclusion or exclusion of a pure endow- ment feature , 50. Policies classified according to the method by which the proceeds are paid , 52 . Special types of ...
... method of pay- ing premiums , 47. Policies classified according to the inclusion or exclusion of a pure endow- ment feature , 50. Policies classified according to the method by which the proceeds are paid , 52 . Special types of ...
Page xii
... and pur- pose of the reserve , 192. Method of calculating the reserve , 196. Comparison of reserves on dif- ferent interest bases and on different policies , 204 . 191 CHAPTER XVII . THE GROSS PREMIUM - LOADING , by xii CONTENTS.
... and pur- pose of the reserve , 192. Method of calculating the reserve , 196. Comparison of reserves on dif- ferent interest bases and on different policies , 204 . 191 CHAPTER XVII . THE GROSS PREMIUM - LOADING , by xii CONTENTS.
Page xiii
... Methods of apportioning the surplus , 249. Meaning of the terms " divisible surplus " and " dividends , " 251 . Methods of distributing the surplus according to the time of distribution , 252. How dividends may be used , 255 . PART III ...
... Methods of apportioning the surplus , 249. Meaning of the terms " divisible surplus " and " dividends , " 251 . Methods of distributing the surplus according to the time of distribution , 252. How dividends may be used , 255 . PART III ...
Page xv
... Method of arriving at the rate of earnings , 353 . PAGE 324 342 XXVII . - GOVERNMENT SUPERVISION OF LIFE INSURANCE . 355 State versus federal jurisdiction , 356. Officials intrusted with supervisory control and their duties and powers ...
... Method of arriving at the rate of earnings , 353 . PAGE 324 342 XXVII . - GOVERNMENT SUPERVISION OF LIFE INSURANCE . 355 State versus federal jurisdiction , 356. Officials intrusted with supervisory control and their duties and powers ...
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Common terms and phrases
accumulated actuarial agency agent American Experience table amount of insurance ance annual level premium annual premium annuity due application assets assignment assumed beneficiary benefit BUSINESS 80 cent chapter charged claims computed Contingent Beneficiary continue cost courts creditors death disability clause dividends earnings END OF END endowment insurance endowment policy equal expenses face value fact fraternal fund furnishes home office income increase instances insurable interest insurance company insured's investments law of average life-insurance companies life-insurance policies limited limited-payment lives loading loss maturity ment method mium mortality table mutual companies net premium net single premium option ordinary life policy paid-up pany payable period person policy loans policyholders premium payments premiums paid present value probability property insurance protection purchase pure endowment purpose rate of interest reserve risk saving secure single premium stipulated surance surplus survival term insurance term policy tion twenty usually whole-life policy
Popular passages
Page 382 - It is not easy to define with precision what will in all cases constitute an insurable interest so as to take the contract out of the class of wager policies. It may be stated generally, however, to be such an interest, arising from the relations of the party obtaining the insurance, either as creditor of or surety for the assured, or from the ties of blood or marriage to him, as will justify a reasonable expectation of advantage or benefit from the continuance of his life.
Page 437 - A provision that all statements made by the insured shall, in the absence of fraud, be deemed representations and not warranties...
Page 401 - Provided, That when any bankrupt shall have any insurance policy which has a cash surrender value payable to himself, his estate, or personal representatives, he may, within thirty days after the cash surrender value has been ascertained and stated to the trustee by the company issuing the same, pay or secure to the trustee the sum so ascertained and stated, and continue to hold, own and carry such policy free from the claims of the creditors participating in the distribution of his estate under...
Page 403 - If any beneficiary shall die before the Insured the interest of such beneficiary shall vest in the Insured.
Page 401 - ... as of the date of the filing of the petition initiating a proceeding under this title * * * to all of the following kinds of property * * * (5) property, including rights of action, which prior to the filing of the petition he could by any means have transferred or which might have been levied upon and sold under judicial process against him...
Page 382 - But in all cases there must be a reasonable ground, founded upon the relations of the parties to each other, either pecuniary or of blood or affinity, to expect some benefit or advantage from the continuance of the life of the assured.
Page 463 - ... that said member is in good standing in this order at the time of his death; and provided also that this certificate shall not have been surrendered by said member, and another certificate issued at his request, in accordance with the laws of this order.
Page 409 - ... this insurance, as to the interest of the mortgagee (or trustee) only therein, shall not be invalidated by any act or neglect of the mortgagor or owner...
Page 462 - ... benefit certificate shall bind the member and his beneficiaries and shall govern and control the agreement in all respects the same as though such changes, additions or amendments had been made prior to and were in force at the time of the application for membership.
Page 387 - ... assigned to one who has no insurable interest in the life of the insured; and...