The manager of one of the life insurance offices with a branch in Nelson quotes an excellent example of the uncertainty of life and the consequences of life assurance (states the Grey River Argus). A farmer made a proposal for £2OOO of cover against death. The proposal was accepted on December 7. The first premium was paid on December 17, on which date the: cover commenced. The farmer was killed in a motor accident on December 23, six days later, and the office is now awaiting the completion of the' papers to enable payment of £2OOO to be made to the deceased’s representatives. The deceased delayed payment for 10 days, and if he had done so far a further "five days his estatewould have been deprived of the benefit of the sum.
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Otago Witness, Issue 3860, 6 March 1928, Page 17
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132Untitled Otago Witness, Issue 3860, 6 March 1928, Page 17
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