Excerpt from The Life Insurance Company The capitalist who invests his money in life insurance (and who sometimes makes expensive blunders through ignorance of fundamental truths) may find it of interest; so also may the financier, the legislator, the journalist, the sociologist, the student of political economy - for life in surance has become one of the greatest of financial forces, and has done as much to advance modern civilization as any other single influence. The student who enters upon the study of life insurance is like a traveler who seeks to follow an unfrequented trail. At first he will be in constant danger of losing his way, but after a time he will reach the beaten path and be able to follow it easily. Hence, although the effort has been to make this treatise comprehensive, the chief aim has been to make its earlier pages elementary and absolutely clear and simple. 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.