Page 14 - Life Assurance

/1 Preface

A human life has value for many reasons.
Many of these reasons are philosophical
reasons in nature.

A human life has economic value to those
who depend upon the earning capacity of that
life. Particularly, for two central economic
groups, the family and the employer, as
follows:

1- To the family, the economic value of a
human life is probably most easily measured by
the value of the earning capacity of each of its
members.

2- To the employer, the economic value of a
human life is measured by the contributions of
an employee to the success of the business
firm.

There are two main perils that can destroy,
wholly or partially, the economic value of a
human life.

The main economic problem arising when
some one in the family dies, particularly the
chief breadwinner is the loss of earning of the

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