Abstract

Saving-Bank Insurance
Mason, Alpheus T. | November 3, 1956 issue

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The article describes the efforts of the social statesman, Louis Dembitz Brandeis in improving the savings bank insurance plans. the Armstrong committee recommended no relief whatever for those who suffered the greatest insurance wrongs-wage earners and salaried workers able to pay only five to fifty cents a week. By 1907, the year Brandeis introduced his own remedy, practically all industrialized countries had made some sort of provision for workers' insurance. To meet the insurance needs of wage earners there had to be accumulations of funds from year to year. The Savings Banks can be adapted to the writing of insurance."

See Also:

SAVINGS bank life insurance; BRANDEIS, Louis Dembitz, 1856-1941; SAVINGS bank failures; WAGES; EMPLOYEES; FINANCE; DEVELOPED countries
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