Business Insurance (Classic Reprint): A Concise Description of the Adaptation of Life Insurance to Corporations, Business Firms, and Individuals: A ... Firms, and Individuals (Classic Reprint) - Tapa blanda

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Excerpt from Business Insurance: A Concise Description of the Adaptation of Life Insurance to Corporations, Business Firms, and Individuals

The potentiality of life insurance as a factor in commercial stability may be inferred from a public utterance made a few years ago by an officer of one of our leading mercantile agencies. He declared that during the past decade corporation and partnership insurance would have saved more than one million employers from sinking back into the ranks of the employed. This is a stag gering statement, but it is supported by a report of another agency to the effect that one-third of all business failures are attribut able to deaths for which no provision has been made. Another large proportion of business failures is doubtless occasioned by general financial stringency finding concerns unprovided with reserve resources, such as would be furnished by the loan values of life insurance policies.

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