TUE DUTY OF LIFE INSURANCE.
1 doubt whether the cause of life insurance in general has er been pleaded with greater effect than by Mr. H. Nes-ill rn,das, at the recent annual General Court of the Scottish 1,1‘ows' Fund Life Assurance Society. He drew attention to nePort of the Inland Revenue Commissioners giving analysis of the estates which had paid death duties. Of
estates nearly a quarter consisted of amounts between
and £1,000 in net value, the average being £714, and ti a'se Life Assurance figured only for £60. A similar small 2'1,,rtfen was shown in the ease of larger estates, but, as Mr. 11.1.a.s pointed out, it was in the case of these smaller estates Zei lack a adectuat4 life insurance was especially to be , while in-the ease of larger estates, the chairman of the
4t, re
tish Widows' Fund ventured the reminder that a decrease the Purchasing power of incomes called for adjustment ugh the process of life insurance. Asregards the Society If, the Report is a thoroughly satisfactory one, for in spite
of the many adverse influences of the past year, the new business showed an increase, both gross and net, over that of 1925, while the company was able to add to its funds £681,266, which is one of the largest additions ever made in a single year. The chairman added, moreover, that the directors were able to look forward to showing satisfactory results for the full tininquennitnii to be disclosed as at Deceniber 3/st, 11)28. .
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