Medical handbook of life assurance, for the use of medical and other officers of companies / by James Edward Pollock and James Chisholm.

  • Pollock, James Edward.
Date:
1889
Catalogue details

Licence: Public Domain Mark

Credit: Medical handbook of life assurance, for the use of medical and other officers of companies / by James Edward Pollock and James Chisholm. Source: Wellcome Collection.

Provider: This material has been provided by The University of Leeds Library. The original may be consulted at The University of Leeds Library.

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    . Ll'f.D*^ ^'tVES'l HIOiNG :rffO;C>Ch!(^U!!aiCAL SOCIETY MEDICAL HANDBOOK OF LIFE ASSURANCE. CHAPTER I. NATURE OF LIFE ASSURANCE. 1. Life assurance, pure and simple, is a contract of indemnity. The amount of the indemnity to be paid on death is fixed by each individual according to his means or wishes, and the company engages to pay the indemnity when life fails, in consideration of an annual payment or premium so long as the contract lasts. 2. Irrespective altogether of health, the risk under- taken by the company is greater or less according to the variation in two factors : (1) The age of the life to be assured ; (2) The duration of the term of assurance. The premium required for an assurance on a life age 40 is greater than that for a life age 20 ; and, again, the premium for an assurance over the years of life from 40 to 60 is greater than that for an assurance from age 40 to age 50 only. 3. It will be simpler to consider in the first place