Summary |
The purpose of this volume, like its predecessor, is twofold: namely, (1) to show that the human life value, as the predominating economic element in our business and family affairs, should be accorded the same careful and scientific treatment which we have for many years extended to our property possessions, the minor element; and (2) to explain the availability of life insurance as a practical and convenient means of applying to the organization and management of our life values all those fundamental principles and practices which we now apply, as a matter of course, to the organization and management of our property affairs.
The present volume is not intended to present the highly technical aspects of life insurance, such as the home office specialist in some particular department might desire. Instead, its purpose is to emphasize the economic services of life insurance, a subject which, despite its outstanding importance to the welfare of the individual and the community, has unfortunately been greatly subordinated in previous publications on life insurance to the mathematical principles and operating practices. It aims to present comprehensively those service phases of life insurance concerning which students of economics, the public generally, and the vast company field forces who should serve as counselors to the public, should be informed in order to have a clear understanding of the far-reaching and manifold usefulness of life insurance to the family, to business, and to the insured’s personal welfare.
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