Addresses And Papers On Life Insurance And Other Subjects

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64, May, 1906, pp. 613 and 614.
96 The Practice of Industrial Insurance of the companies, and about the same as the maximum amounts which can be insured for in this country.* In this connection I may call your attention to the fact that although under the original plan of Mr. Gladstone the British system of post-office insurance fixed the minimum age at sixteen, the special committee of 1882 recommended a material change in this respect and said: "As regards the minimum age, it has been reporte
...d that in the case of these small insurances, which are chiefly made the object of pacing funeral and medical expenses and providing nursing, the motive which prompts a father or mother to insure their own lives must make them equally desirous to insure the lives of their children. Your committee, therefore, recom- mend that the insurances for small amounts, say not exceeding ^^5, should be permitted in the case of children between eight and fourteen years." To this significant state- ment the committee add: "In recommending this extension of insurance to children, your committee attribute much im- portance to the encouragement which may thus he given to continue insurance in after life." The recommendation, I may add, was adopted.f I may also direct your attention to another important fact which I do not think is generally known.

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