The Bottom Line
May, 1974
Do you own the wrong kind of life insurance? The chances are that you do.The life-insurance industry began before 1700. Initially, the cost of insurance increased as an individual aged. Over the years, there developed a profession of men called actuaries. They calculated the risks inherent in the selling of insurance and the premiums needed to offset those risks. They then formulated the "level premium" policy, wherein the insurance company would charge more than necessary at younger a...
