A PRACTICAL SUGGESTION.
A correspondent of the Canterbury ‘Press* writes as follows:—One op two instances have come under nay notice in which persons who have erected cottages or bought land through the agency of building societies, have died before paying off the mortgage. The widows had thus been left with a debt which had to be met by periodical payments, which in some instances was altogether beyond their power to meet. It has struck •me that if the husbands had insured thei* lives to the extent of the amount of the mortgage, the widows would have had the amount wherewith to pay off the mortgage, and have in hand the balance already paid to this society. I should be glad to make one in a society in which it was compulsory with borrowing members to insure their lives in one of the companies er the Government, for I have some reason to know that a mortgaged property is a legaby of very doubtful value to a struggling family.
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https://paperspast.natlib.govt.nz/newspapers/ESD18760323.2.22
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Evening Star, Issue 4079, 23 March 1876, Page 3
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168A PRACTICAL SUGGESTION. Evening Star, Issue 4079, 23 March 1876, Page 3
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