Excerpt from Life Insurance The Yale Lectures on Life Insurance appeared five years ago. Although a considerable edition was printed, the unexpectedly large demand soon exhausted it, and as the plates were destroyed, for two years the lectures have been out of print. It seems desirable that either a new edition of the lec tures should be printed, or that something new should be published in their place. The latter alternative has been chosen, and instead of simply reprinting the old lectures, the plan has been adopted of selecting special readings, partly from the Yale Lectures, partly from other sources. This plan was preferred for two reasons. In the first place, many changes have taken place in the insurance business since the old lectures were given, and much new and valuable material has appeared. In the second place, it has been thought that by not confining the readings to the old lectures a more comprehensive treatment could be secured. In this way it has been hoped to broaden the scope of the new readings, and thus to increase their usefulness. Only four of the lectures included in the old volume are reprinted, and three of these have been partly rewritten. Some of the matter now published has never appeared before, and much of the remainder has been revised. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.