The assurance of diseased and doubtful lives on a new principle, more advantageous and equitable to policy-holders than the system hitherto adopted / by Morrice A. Black ; with observations on the characteristics of assurable and non-assurable lives, by A.P. Stewart.

  • Black, Morrice A.
Date:
1862
Catalogue details

Licence: Public Domain Mark

Credit: The assurance of diseased and doubtful lives on a new principle, more advantageous and equitable to policy-holders than the system hitherto adopted / by Morrice A. Black ; with observations on the characteristics of assurable and non-assurable lives, by A.P. Stewart. Source: Wellcome Collection.

Provider: This material has been provided by The Royal College of Surgeons of England. The original may be consulted at The Royal College of Surgeons of England.

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    T 23 be decided by those who have to pay extra premiums. Their case may be summed up thus. Suppose the annual extra premiums payable through life to be commuted into a sum to be deducted in each case from the Policy.at death’, this plan would represent the old method. But under the new system the members are made aware, that the deductions from the Policies of those who die within the time when the Policies become paid up, will, in each case, be more than if they were all to be made liable for the deduction of the extra premiums with which each was originally charged. But the members think it a more equitable arrangement that those who die, probably from the disease for which they were first charged an extra premium, should be made liable for the full amount of such extra premiums, and that those members who have turned out better lives than was anticipated, who, in fact, have lived to pay premiums to the full expectation of life, shyuld be altogether exempted, for it may fairly be assumed they were originally assessed in error. V(! 'I '’’ll .'I'l f - / {< t • . . . IJ • i J - ■ 1 ;i- -Y ‘ ‘ ‘ ‘ • ■ , :. I ' I - \ t • • ' ' I , . . , , iJ : r. i r.