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Editorial
March 20, 1941
Montgomery County Sentinel
Rockville, Gaithersburg, Montgomery County, Maryland
What is this article about?
Editorial by Ethel M. Troy titled 'The Money Tree' argues that life insurance is the most complete solution to five major problems in managing private property: creation, preservation, transfer to heirs, administration, and final distribution. It emphasizes insurance's role in providing certain income and protecting family needs.
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OCR Quality
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Full Text
THE MONEY TREE
By ETHEL M. TROY
The relationship of the average man private property presents five major problems:
1. He must create it
2. He must preserve it against distintegration during the period of its accumulation;
3. The property must be transferred to his heirs with minimum loss and shrinkage;
4. The property must be administered so that the purposes for which it is created and transferred will be followed and completed;
5. The property must finally be distributed so that the ultimate purpose of its creation will be accomplished.
To solve these problems many types of investment organizations, holding companies, trusteeships, and administrator concerns have been set up. But the experience of a hundred years has proved that there is in the world of finance today no answer so complete, so satisfying, so absolutely certain as life insurance.
Life insurance is that form of personal property which provides immediate income when labor can no longer supply it income that is certain, continuous, automatic.
That which best does for our people the financial job they want done will survive.
Adjustment and improvement will be seen as a natural development in the growth of the institution, but where there is life there must be insurance of life; where there are hazards, there must be protection; where there are capabilities, there must be guarantees of the preservation of their value. So long as man recognizes family claims, so long as he breathes the breath of liberty and strives for personal freedom, so long will life insurance serve his needs. (Ref. - R. and R. Booklet No. 151).
By ETHEL M. TROY
The relationship of the average man private property presents five major problems:
1. He must create it
2. He must preserve it against distintegration during the period of its accumulation;
3. The property must be transferred to his heirs with minimum loss and shrinkage;
4. The property must be administered so that the purposes for which it is created and transferred will be followed and completed;
5. The property must finally be distributed so that the ultimate purpose of its creation will be accomplished.
To solve these problems many types of investment organizations, holding companies, trusteeships, and administrator concerns have been set up. But the experience of a hundred years has proved that there is in the world of finance today no answer so complete, so satisfying, so absolutely certain as life insurance.
Life insurance is that form of personal property which provides immediate income when labor can no longer supply it income that is certain, continuous, automatic.
That which best does for our people the financial job they want done will survive.
Adjustment and improvement will be seen as a natural development in the growth of the institution, but where there is life there must be insurance of life; where there are hazards, there must be protection; where there are capabilities, there must be guarantees of the preservation of their value. So long as man recognizes family claims, so long as he breathes the breath of liberty and strives for personal freedom, so long will life insurance serve his needs. (Ref. - R. and R. Booklet No. 151).
What sub-type of article is it?
Life Insurance
Financial Security
What keywords are associated?
Life Insurance
Private Property
Financial Security
Family Protection
Income Guarantee
What entities or persons were involved?
Ethel M. Troy
Editorial Details
Primary Topic
Life Insurance As Solution To Private Property Management Problems
Stance / Tone
Strongly Promotional Of Life Insurance
Key Figures
Ethel M. Troy
Key Arguments
Five Major Problems In Private Property: Creation, Preservation Against Disintegration, Transfer To Heirs With Minimal Loss, Administration To Fulfill Purposes, Final Distribution To Accomplish Ultimate Goals.
Various Investment Organizations Exist But None As Complete As Life Insurance.
Life Insurance Provides Certain, Continuous, Automatic Income When Labor Ends.
Life Insurance Will Endure As It Best Meets Financial Needs Amid Life's Hazards And Family Claims.