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The Pamphlet Collection of Sir Robert Stout: Volume 37

"Life Assurance for Men of Fortune."* [Table B.]

page 20

"Life Assurance for Men of Fortune."* [Table B.]

"A policy of Life Assurance provides money for immediate uses on the death of the assured. On the death of a gentleman of fortune there are often large demands for ready cash. His property may consist of houses, warehouses, land, mines, collieries, ships, shares, and yet when he dies there may be very little actual money at his credit. Money must be raised either by borrowing or selling, and both processes are likely to be costly and troublesome. If the nature of his investments is peculiar, if they are out of the ordinary run, then, even though lucrative to him, it may be actually impossible readily to raise money on them. The safest and most independent course is to take out a policy for a few thousands of pounds, and the difficulties all vanish. The ready money is provided for all urgent claims, and no trouble, no sacrifice of any kind is needed."