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Everybody's Guide to Money Matters: with a description of the various investments chiefly dealt in on the stock exchange, and the mode of dealing therein by William Cotton
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the benefit of a wife or children of an insured
person, the trustee being the Insurance Com-
pany. The advantage of this is that such a
policy does not constitute a part of the husband's
estate or become subject to his debts, either
whilst living or at his death, so that in the
latter event the money is paid to the widow or
children direct for their own use. A policy of
this kind, if necessity should arise, could also be
exchanged for a non-forfeitable policy in the
manner before pointed out.

_Endowments for Children_. -- A parent, by paying
a premium of about £5 5s. annually, can secure
to a child aged six a sum of £100, on its attain-
ing the age of twenty-one. Should the child die
before reaching that age, the money paid in pre-
miums is not lost, for it is all returned to the
parent without deduction.

By this means a marriage portion or outfit for
a girl, or a start in business for a boy can be
provided to any amount that may be desired.

_Insurance on Joint Lives_ is another mode of
insurance, very useful in particular cases. For
example: a mother aged fifty has an income,
for her life and no longer, of £300 a year, and
she has a daughter aged twenty, who has no
means of her own, present or prospective, being
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