Investing · Entrepreneur memoirs
Samuel Smiles:Thrift, Excerpt 246
Samuel Smiles《Thrift》· Thrift · Investing
In this way, life assurance may be regarded in the light of a contract, by which the inequalities of life are to a certain extent averaged and compensated, so that those who die soon--or rather their families--become sharers in the good fortune of those who live beyond the average term of life. And even should the assurer himself live beyond the period at which his savings would have accumulated to more than the sum insured, he will not be disposed to repine, if he takes into account his exemption from corroding solicitude during so many years of his life.
Source:
https://www.gutenberg.org/ebooks/14418
Locator:Excerpt 246 · 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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