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The attack on child insurance, if not an adequate response, threatened the very life of industrial insurance. Premium Business Week was for the family, and less that young people were a big part of the family were included, the basic principle of this type of coverage was defeated. This result was quite evident from the experience of the London Prudential, the expansion of which had been radically hindered by a temporary ban on children's insurance.
In 1889 the Pennsylvania legislature introduced a bill to prohibit insurance on children. The idea spread to New York, Ohio, Massachusetts, Connecticut, and Canada. For six long years legislative inquiries into Industrial insurance continued their challenge. The most serious of these attacks was that of the Massachusetts legislature in 1895. Coolidge Charles Lee was a spokesperson for the Massachusetts Society for the Prevention of Cruelty to Children and other organizations supporting the bill for the abolition insurance for children. Headlines in tabloids inflamed the public with tales of hunger, suffering extreme poverty alleged, and the result industrial life insurance.
When Mr. Fiske offered to answer the accusations through the columns of newspapers, refused to accept their statements except as paid advertisements. To put the facts before the public, his statement was printed on regular advertising rates. Next, Mr. Fiske spoke in the chambers of many state legislatures. With the tact and eloquence which had characterized him as a lawyer, who drew attention to the fragility of the charges, showed that even the isolated cases when investigated proved to be false. He successfully challenged his opponents to present a notarized request of the terrible charge effects. His weapon was a simple fact. He knew that ignorance and prejudice would be pushed aside by the power of truth. And he did.
In relation with the hearings, Mr. Fiske outlined the accomplishments and benefits of industrial insurance and discussed the misconceptions that had grown around it. He emphasized that a company which was established 40 years ago in England and that in two decades in the United States has led to the writing of nearly 7,000,000 low-cost insurance life (= http://www.youtube.com/watch?v=er4uFwT0xvc title "target =" _blank "> http://www.youtube.com/watch?v=er4uFwT0xvc) policies by the three leading companies must certainly meet a fundamental need. He proved that industrial life insurance was a real need for employees.
Its review of the situation was a change in public opinion. He cited previous research on insurance industry here and abroad. Pennsylvania had been a congressional investigation in 1889, after holding hearings, dismissed the bill attacking industrial insurance. The movement in Ohio brought the same result. State of New York had promoted ¬ with an investigation in 1890, and legislative committee hearings Com ¬ convinced that the man who introduced the project law that had made a mistake, and the Committee then killed him. Mr. Fiske quoted the action of the Province of Ontario, Canada, in which the bill to prohibit child insurance did not become law. Connecticut, Illinois, Tennessee, and all had the same experience.
After several weeks of the sharpest questioning, the Massachusetts Commission terminated the project. Everywhere investigations threatened industrial insurance came to an end. During the hearings Mr. Dryden, in the interim, and Mr. Rhodes, of the John Hancock, gave valuable testimony, but it was Mr. Fiske who carried the main burden of the defense, and the sign of the victory was theirs.
Despite of the absurd allegations that the insurance industry led to the crime and poverty were definitely and finally answered, not being the core of truth in some serious flaws in the conduct of this type of insurance. It is true that the rate of delay is high and that the policy provisions are far from liberal. Mr. Fiske saw these, well as any of his harshest critics, but was convinced of the essential good insurance that the industry was doing. He firmly believed that the points weak industrial activity could eventually be eliminated.
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Sarah Martin is a freelance marketing writer based out of San Diego, CA. She specializes in life insurance and the history of low cost
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Article Source: ArticlesBase.com – Child Insurance: A Threat?
