The House Of Protection; By Griffin M. Lovelaceendorsed By The National Association Of Life…

Paperback | February 3, 2012

byGriffin M. Lovelace

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1921. Excerpt: ... II BUILDING ON THE SAND SO many beneficiaries fail to build a House of Protection out of the materials bequeathed to them. It is a difficult task. They are not trained in this highly specialized kind of work. It is no wonder, therefore, that they fail at the most vital point in their construction--at the foundation. The House of Protection must be built upon a foundation so strong and deep that it cannot be shaken or destroyed by investment storms. The beneficiary doesn't understand this; and, though she be ever so conscientious, she may, through ignorance, build her house upon the sand. Or she may be venturesome and say: "I'll take a chance. I'll build my house upon the sand and perhaps no winds or floods will come my way." Occasionally she wins--the winds and the floods chance not to come her way. But too often her house stands in the path of the storm and is wrecked beyond repair. What are some of the specific things that may happen to the lump sum and destroy the protection which the husband or father thought he had secured to his family? Living on the Principal When the husband, or father, dies, the beneficiary receives a check from the "Home Office" of the life insurance company and deposits it in her bank. She settles outstanding bills by checking on the account, and then, if she understands that the money should be invested carefully, she waits, seeking the right place for it. Thus, the insurance funds do not begin to earn interest immediately, but he idle in the bank and are checked against from week to week, or month to month, in order to meet current expenses. The widow may not realize the importance of putting her capital to work. She has such a lot of money in the bank, more, perhaps, than her husband ever had in his bank account; it may not ...

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1921. Excerpt: ... II BUILDING ON THE SAND SO many beneficiaries fail to build a House of Protection out of the materials bequeathed to them. It ...

Format:PaperbackDimensions:20 pages, 9.69 × 7.44 × 0.04 inPublished:February 3, 2012Publisher:General Books LLCLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0217592074

ISBN - 13:9780217592079

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