LIFE INSURANCE.

Te Aroha News, Volume XXVI, Issue 43088, 4 May 1907, Page 4

LIFE INSURANCE.

In the early days of life insurance ministers of religion in relation to their attitude to life insurance were fierce in their onslaughts against the new> fangjed scheme of protecting the family against want. Even the Quakers anticipated objections, for, in the prospectus of the Friends’ Provident institution, we read, “The first is, that it implies a distrust of providence, the second, that it beats somewhat the character of a. lottery. Further consideration will, it is apprehended, I show the fallacy of botihl these ideas, it will be seen that the plan bears rather the character of at community of pronertty than of selfish, zardotus, or distrustful speculation. Life' assurance, it has been contended, is nothing more or less than gambling. This idea,, strange ais it may seem, is seriously held, not by cranks but by sober minded men, The comparison is hot sound. The policy holder does not sacrifice his life -in order to provide ibreiaidl for (his family.- He may, and probably doe®, make a, sacrifice to pay . for insurance protection, but he has the satisfaction and pleasure of Living free from worry in so far as the future of his wife and family are concerned. Death 1 is the fate of all. That being the (Case, a man might just as Weil be a winner, especially when hiis moneys go to his wife and orphans. But a mlato -need nrt, die to win. He dan taka out, anl endowment policy, which! is payable in a given number of years at the option of the holder. The only safe investment is a, {Jovemment Life Insurance policy which guarantees the fulfilment of the contract. IAJ lot of people do not understand insurance, and* openly charge? companies with being rogues and thieves because ohe Company refuse® to pay an illegal claim. Al building society may fail, a ißalway Company may have a spell of bad luck, a - Bank may have a run upon its fund®, and a mine may be worked out, but .none of these things Can happen l to the - State Life Insurance. There cannot be a run upon 'any (‘Life Tnstu|airtce Society, because all the I claims fail due. in one year.. Even the most fatal plague ever known, remarks an actuary, Will hardly disturb the general average!.