Our conservative assessment
companies,--and there are many of them that can be fairly so styled,
ignore none of the scientific principles upon which life insurance
depends for its permanent success. They do believe however that their
methods of conducting the business will conserve the interests of a far
greater number, and relieve them of a large proportion of the burdens
imposed by the older and more cumbersome form.
Assessment companies call upon their policy-holders for such sums as are
required to meet actual losses, together with a small amount for
expenses and for an emergency fund. Mortuary assessments are called only
when there is an amount in hand on that account, insufficient to meet
the maximum sum for which a policy is issued. They may be called at
stated periods, or as the exigencies of the case shall require.
Objection is made to this method that it is unreliable, and cannot be
depended upon when the mortality is from any cause unusual or excessive.
It is not claimed by the best informed advocates of assessment
insurance, that direct assessments should be the sole reliance of the
company.
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