Equitable Assurances: The Story of Life Assurance in the Experience of The Equitable LIfe Assurance Society 1762-1962

by Ogborn,Maurice

• ISBN13: 9780415378642
• ISBN10: 0415378648
• Edition: 1st
• Format: Hardcover
• Copyright: 2006-04-11
• Publisher: Routledge

Summary

The original establishment of life assurance upon a sound basis was largely the achievement of The Society for Equitable Assurances on Lives and Survivorships (now known as The Equitable Life Assurance Society and still affectionately called the 'Old Equitable'), and of the men who served her. Old Equitable was the first life assurance society to grant long-term contracts for either a stated period or the whole of life, with premiums calculated according to age and type of assurance. Published in 1962 to mark this Society's bicentenary, this book charts its long history in a way that will interest not only those actually engaged in the assurance business, but any intelligent policy holder to whom perhaps the mechanics of life assurance is still a mystery. This book traces the development of life assurance from untried theory into established practice, through the interplay of ideas of many individuals. Their activities, ranging far beyond the quiet walls of a life office, are part of the stuffof history. It tells the story of how James Dodson's vision of mutual life assurance became realized in the pioneer 'experiment' of the Equitable.

Table of Contents

Foreword	p. 7
Preface	p. 9
Explanation of Dodson's Scheme	p. 11
Abbreviations	p. 13
Illustrations	p. 17
The genesis of life assurance	p. 19
The struggle for incorporation	p. 30
Mutual life assurance is born	p. 39
Early days	p. 50
The dispute with the subscribers	p. 61
The new regime	p. 71
Richard Price, DD, FRS	p. 85
The foundations of prosperity	p. 98
A time for building	p. 114
The Tredegar family	p. 138
Flood-tide	p. 145
The defences hold	p. 166
Autumnal glory	p. 193
The ebb-tide	p. 212
The seething pot	p. 228
The ending of the restrictions	p. 240
Expansion in modern times	p. 247
Note on Thomas Simpson	p. 257
Supplementary Notes	p. 259
Appendix III
Presidents of the Society	p. 260
Actuaries of the Society	p. 261
Original Subscribers	p. 262
List of historical articles	p. 264
Index	p. 265
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