I.

FUNDAMENTAL NATURE OF LIFE INSURANCE   

1

II.

THE SIMPLE MATIIEMATICS OF LIFE INSURANCE.

8

III.

ASSESSMENT LIFE INSURANCE    

22

IV.

LEVEL PREMIUM COMPANIES    

31

V.

RESERVES, NATURE OF AND NECESSITY FOR    

38

VI.

THE PARTITION OF THE PREMIUM    

45

VII.

KINDS OF LIFE INSURANCE POLICIES   

53

VIII.

SURPLUS, WHENCE DERIVED AND How ASCER-

TAINED    

61

IX.

SURPLUS, How APPORTIONED AND APPLIED    

68

X.

POLICY CONDITIONS    

80

XI.

BENEFICIARIES-INSURABLE INTEREST    

92

XII.

CONVERTIBILITY    

98

XIII.

INDIVIDUAL ACCOUNTS    104

XIV.

STOCK AND MUTUAL LIFE INSURANCE COMPANIES 113

XV.

MUTUAL COMPANIES WITH GUARANTY CAPITAL

AND MIXED COMPANIES    

130

XVI.

AN ANALYSIS OF AGENCY SYSTEMS    

147

XVII.

PROVISION FOR EXPENSES-ANOMALIES IN LOAD-

ING    

159

XVIII.

WHEN IS NEW BUSINESS PROFITABLE?    

163

XIX.

LEGAL RESERVE REQUIREMENTS AND THEIR EF-

FECT    

175

XX.

THE EVOLUTION OF VARIETIES OF LIFE INSUR-

ANCE POLICIES   

193

XXI.

REBATING, LOCAL BOARDS AND STOCK WITH POLI-

CIES    

206

XXII.

"DATING   BACK"   SCHEMES   AND   INVESTMENT

BONDS    

218

XXIII.

LIFE INSURANCE AS AN INVESTMENT    

226