On this page
-
Text (1)
-
LIFE ASSURANCE. 311
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software. The text has not been manually corrected and should not be relied on to be an accurate representation of the item.
-
-
Transcript
-
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software. The text has not been manually corrected and should not be relied on to be an accurate representation of the item.
Additionally, when viewing full transcripts, extracted text may not be in the same order as the original document.
. . One Theee That Cannot Appeals Possib...
_parents and worldl and those well-doing who have they the are care responsible of families it for becomes whose therefore religious
y , elastic one of princi the positive ple which duties if of carried women out to to foster its fullest and disseminat extent would e an
nearly banish poverty from our land . which of The the refers continental princi to ples human of states _iw life -surance of ) Europe are very ( as distinguished where ancient , strange and ori from g to inated remark _as-surance in , some they ,
attracted but small attentionand where , even , to this day their application is very limited . But , the practical genius of Great Britain immediately encouraged so excellent a method of providing for
losses transactions sent nourishing by land ¦ which and condition have sea , and for . The their lost term no object time 6 insuranc protection in bring e' app ing from lies it the now to its chance to pre all
of loss in any conceivable contingency of our lives , to all kinds of propertyand also to losses arising from storms , and diseases
or death among , cattle or horses . Assurance on life is not nearly so ancient , not having been in use
for more than one hundred and fifty years ; and for a long period after its introduction its forms were simple and restricted . Like
countries the princi . ple Lorenzo of insurance Tonti , a it Neapolitan originated , introduced in one of the the earliest continental form
of Life Assurance , known as the " Tontine Annuities . " These associations were based on an ingenious principle . A specified number
of . individuals of either sex or any age deposited a given sum in the hands of a treasurer , which was supposed to . be invested . The
interest of the whole was divided yearly or half yearly among the of surviving those that members were left ; as were each augmented of the members so that deceased the sole , the survivor incomes of
a " Tontine " occasionally received hundreds , per annum for his time perhaps was small much inve in use stment an . instance In France is recorded , where of this a wido system w , the at last one
living member of the , second Tontine which had been formed in 1689 , who at her death at the age of ninety-six hundred was in livres the receipt
of no less than seventy-three thousand _Hve yearly after for her its ori ori ginal inal deposit introduction of three Life hundred Assurance livres was . For limited many in years its very
and application various , g methods assurances of a for nnuities sums being of money its most at prominent death to survivors features .
But now that its principles have been scientifically arranged , and that it is found to produce such innumerable advantages , its nature
of being are population at so the elastic present , it as has time to of extend nearl late y years to one the made hundred increased such and vast wants twenty strides of any associations that amount there
devoted to Life Assurance only , and nearly as many _aj ) propriated to on Life the , Fire facts , and derived Marine from Insur the ances valuable . All kinds science of assurance of statistics are , which based
affording the requisite knowledge of the birth , longevity , diseases ,
Life Assurance. 311
LIFE ASSURANCE . 311
-
-
Citation
-
English Woman’s Journal (1858-1864), Jan. 1, 1859, page 311, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/ewj/issues/ewj_01011859/page/23/
-