THE BANKING ELEMENT OF LIFE INSURANCE.

다국어 초록 (Multilingual Abstract)

With unimportant exceptions, Life Insurance, in this country and in Europe, has been invariably purchased by uniform annual premiums to continue through life, or for a stated number of years. By the necessity of the case, uniform premiums in Life Insurance must be greater than are required for the earlier years, in order that they may be sufficient during the later years. Every such uniform premium consists of three parts, essentially separate and distinct, and which should never be confounded.