Savings Bank Life Insurance.

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There are uses for whole life but they are limited. This is one of the great advantages of life insurance as it is one of the few items that remain tax-free for most people. In 1776 the Society carried out the first actuarial valuation of liabilities and subsequently distributed the first reversionary bonus (1781) and interim bonus (1809) among its members. [5] It also used regular valuations to balance competing interests. [5] The Society sought to treat its members equitably and the Directors tried to ensure that policyholders received a fair return on their investments.

Pages: 0

Publisher: Richard D. Irwin, IL; First Edition edition (1963)


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