2 10 General Principles
What The Public Ought To Know About Life Assurance By A Lady © 1858
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LIFE ASSURANCE. 11
in this country was the Hospital Life Insurance
Company of Boston, in the year 1825. The
next was the New-York Life Insurance and
Trust Company- in 1829.
Comparatively few persons, however, availed
themselves of the practice of Lith Assurance
until 1843, When the MUTUAL LIFE INSURANCE
CompALNY of NLw-YouK was formed, whose
career of success to the present time has, it
is believed, no parallel in the history of Life
1 Assurance in this or any other country. In
another place we give a more particular ac-
count of its history and progress.
Many other Companies have since been es-
tablished, and the Life Assurance interest of
this country has now become one of vast pecu-
niary amount, and of vital importance to hun-
dreds of thousands of our most useful and ener-
getic citizens.
III. GENERAL PRINCIPLES.
“It is curious to observe that Life Assurance, which has so favorable
an influence on our social and moral welfare, may be said to have
originated from the study of the laws of chance as observed in the ex-
perience of the gambler. The one, however, it will be seen, is the
direct antithesis of the other. In Life Assurance the individual is
freed from risk by union for mutual protection with his fellow men.
