Excerpt from What Life Insurance Is and What It Does: A Primer for Laymen and Students The uncertainty regarding the life of the individual makes life insurance necessary. The certainty regarding the life of a multitude of individuals makes it possible and safe. By carefully studying the Law of Average as applied to the duration of human life, statistics were gradually gathered and tabulated, and finally what are called tables of mortality were successfully constructed. Every such table was based at first on the recorded death rate of some city. Every modern table is based on more accurate statistics, such as the experience of some insurance company or group of companies. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.