Wills, Trusts and Estates by James L. MAdden, © 1927
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CONTENTS
PAG
EDITOR’S PREFACE V

PREFACE . . Vl
CHAPTER
I. THE INSTITUTION OF LIFE INSURANCE . 1
Economic and Social Status 1
Function of Life Insurance .. 2
Growth of Life Insurance . . . 3
Who Receives Benefits . 5
Permanent and Total Disability . 7
Physical Depreciation . 9
Mortgaging Future Income 10
Time Factor in Estate Building 12

II. SECURITY OF LIFE INSURANCE 14
State Supervision 14
Legal Reserve Life Insurance 15
Contingency Reserves 16
Investments 17
Simplicity of Claim Payments 19
Contested Claims 19
Incontestability 21
Competition 21
Use of Premium Dollar 23

III. BASIS FOR INSURANCE ESTATE 27
Basis of Life Insurance 28
Forms of Policies 29
Ordinary Insurance 29
Uses 30
Where Not Applicable 31
Limited Payment Life 32
Endowment Insurance 33
Corporation and Partnership Uses 34
xi

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