The Granite monthly, a New Hampshire magazine, devoted to literature, history, and state progress . ared HomanssContribution Formula, which becameso well known that it needs no en-dorsement here. As a representative of the Mutualand of American life insurance atlarge, he was twice sent to Europe. The last of these trips, said aT con-temporary, several years since, • wasundertaken in 1869, for the especialpurpose of being present at the statis-tical congress assembled at the reception then extended to him,though undemonstrative in its char-acter, gave full assurance of the ap-preciati
The Granite monthly, a New Hampshire magazine, devoted to literature, history, and state progress . ared HomanssContribution Formula, which becameso well known that it needs no en-dorsement here. As a representative of the Mutualand of American life insurance atlarge, he was twice sent to Europe. The last of these trips, said aT con-temporary, several years since, • wasundertaken in 1869, for the especialpurpose of being present at the statis-tical congress assembled at the reception then extended to him,though undemonstrative in its char-acter, gave full assurance of the ap-preciation in which his labors in thecause of life insurance were interchange of his ideas withthose of leading European actuarieswas another step towards breakingdown that barrier of self-sufficiencywhich leads every nation to regardits own policy as the best, and wasanother step, too. in opening up theway for life insurance on either sideof the water to measure its defects,and profit by the experience gainedon the other. It was in 1871, we think, that Ietired from the active act-. Skcppard Hoinans. 183 naryship of the Mutual Life, contin-uing as consulting actuary for thatcompany, and for as many others asdesired his services—and they wereso many that he was constantly en-gaged. In 1875 he organized the Provi-dent Savings Life Assnrance Societyof New York, became its president,and introduced the renewable termassurance, hereinbefore plan (not the company, or itsguiding spirit) was criticised at theoutset, but figures are in evidencethat it has since become very popu-lar, and is evidently growing in favorevery day, the decided progress real-ized in 1888 having already receivedattention in these columns. Brieflystated, term assurance, being writtenfor a short time under a renewablepolicy, gives the maximum amount of protection for the premium paid,thus affording, as the company putsit, the maximum of security andthe minimum of cost. The Provi-dent S
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