Investing · Entrepreneur memoirs

Samuel Smiles:Thrift, Excerpt 239

Samuel Smiles《Thrift》· Thrift · Investing

The person who joins an assurance society is in a different position. His annual or quarterly saving becomes at once a portion of a general fund, sufficient to realize the intention of the assured. At the moment that he makes his first payment, his object is attained. Though he die on the day after his premium has been paid, his widow and children will receive the entire amount of his assurance.

Source: https://www.gutenberg.org/ebooks/14418
Locator:Excerpt 239 · Verified:2026-10-19 · Verification:Short excerpt

Today's question

Does this passage change one judgment about money or risk today?

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