How to Choose Your Insurance Company. By Charles Cox. (Argus
Printing Company. 2s. 6d.)—Mr. Cox has made a really valuable contribution to the subject of which he treats. Few people realise the difference between the advantages offered by various companies. Here are some significant figures. In one office a policy for 41,000 effected at the age of thirty was in force for sixty years. The assured had then paid 41,552 10s. in premiums, and the policy, with bonuses, was worth 42,969. In another office an exactly similar pulley was effected. In this case £1,470 was paid in premiums, and the policy was worth £1,300. In the first case all the premiums were repaid with 41,416 10s. in additi, n; in the second, as it turned out, the insured would have done hater by £170 for his heirs if he had buried his premium year after year. (There is a by-moral here —do not always choose the lowest premium ; in (1) this was 425 7s. 6d.; in (2) it was 424 10s.) Mr. Cox gives lists of offices with the figures of policies which may be said to have run their natural course, by this being meant that the expectation of life is exactly fulfilled. A takes out a policy for which he pays 410 premium, at the age of thirty, when the expectation of life is thirty-five years. The largest sum which 410 would insure at this age is £402; but this office would give 4536 only at the end of the time; on the other hand, another office would give £759, though the initial sum would be 4410 only. This is a book to be studied.
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