MAIDEN ASSURANCE.

Waikato Times, Volume XXVIII, Issue 2274, 5 February 1887, Page 2 (Supplement)

MAIDEN ASSURANCE.

The Queen of November 20 contains the following, taken originally from the Journal: —" The Danes have a society unlike those of any other people we know. It is known as ' The Maiden Assurance Society.' Its aim is to provide for a class—single well-to-do families. It shelters and cares for them, and furnishes them with 'pin money.' It's methods are thus described:—As soon as a girl-child is born to him the father enrols her name in a certain association, and pays a certain sum, and thereafter a fixed sum to the aocioty. When she has reached the age of—we believe —twentyone, and is not married, she becomes entitled to a fixed income and to a suite of apartments in a large building , of the association, with gardens and park about it, inhabited by other young or older ladies who have thus become members. If her father dies in her youth, and she desires it, she has shelter in this building, and at a fixed time her own income. When she dies or marries all the right to income lapses, and the money paid in swells the endowment of the; association. Her father may pay for 20 years, and then her marriage cuts off all advantage of the insurance. But this very chance must enable the company to charge lower annual premiums, and make the burden less on the father insuring. He has, any way, the pleasant feeling that his small annual payments are insuring his daughter's future, and giving her a comfortable home and income after he is gone. It is obvious that the chances for marriage among a given number of women can be calculated as easily as those of death. The plan bas worked well for generations in Copenhagen."