There can be no question as to that, provided always that the young man lived out the calculated time, invested his insurance money at once, and kept on investing it in "safe things" as long as he lived. But how many young men are there who could or would take this course?
It is much easier to save from our earnings than it is to invest those earnings wisely.
FORMS OF LIFE INSURANCE
The straight life policy, payable to the heirs at death, is the form in general use, but there are others.
There is yet another form, known as the "endowment," which in itself combines the usual life insurance with some of the privileges of a savings bank.
The endowment policy, while payable if death should occur before a fixed time, specifies the date when it shall be payable to the insured himself, if he should live till that time.
In this case the family is secured, in the event of death, and the insured has a guarantee for himself when he reaches life's unproductive years.
The premiums on an endowment policy are necessarily greater than those on a regular life, and the premiums increase with the shortness of the time.
MUTUAL INSURANCE SOCIETIES
Seeing the vast sums accumulated by what are known as "the old line companies," despite their high salaries and great expenses, working men throughout the world, but more particularly in the United States, have banded together and formed mutual insurance companies.