LIFE POLICY SURRENDER VALUES. - - - An interested reader of the
article on "Equalizing Income and Expenditure," which appeared in the Financial Supple- ment of the Spectator on July 24th, brings to our notice the inadequate sum which he considers was offered him for the surrender of a certain life policy, and from the details supplied by this reader the sum would certainly seem to be disappoint- ing when compared with the premiums paid in. It may be pointed out, however, that for various reasons the surrender of a life policy must always entail loss. To avoid disappoint- ment, .assurants, when effecting assurances, should insist on the amount of the surrender value or the principle upon which it is calculated being stated on the policy. Some offices do this voluntarily and most of them will do so when desired.
A. W. K.
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