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  • Careers for the Coming Men

Careers for the Coming Men

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Excerpt from Careers for the Coming Men: A Practical and Authoritative Discussion of a Profitable Profession, Life Insurance "Life Insurance, " in the words of De Morgan, "though based upon self-interest, is the most enlightened and benevolent form which the projects of self-interest ever took. Stripped of its technical terms and its commercial associations, it may be presented in a point of view which will give it strong moral claims to notice." In its origin a British institution, life insurance has developed most rapidly and on the largest scale in the United States. Practically unknown in this country a hundred years ago, and of insignificant proportions even fifty years since, the last half century, and in particular the last ten years, record what must be conceded the most marvelous business success of this or any other age. While there are many forms of insurance protection, legal reserve life insurance alone offers the absolute assurance that the obligations incurred and the promises made will be ultimately met with certainty. Of such companies there are about eighty in active operation, with about four million "Ordinary" and about thirteen and a half million "Industrial" policies in force. The accumulated assets of these companies exceed $2, 000, 000, 000, and the annual payments to policy-holders, $200, 000, 000. 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.
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