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Abstract

Insuring the Workingman

Frankel, Lee K. | February 7, 1918 issue

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The article discusses the difficulties and measures for the insurance of the workingman in the United States. Under the Income Tax law, the effort was made, to collect the tax at the source, to have the issuing corporation and not the security holder make the payment. In so-called group insurance a similar principle prevails. The premium is collected, not from the individual insured, but through the employer. If the employee pays the premium, the amount of the premium is taken out of the employee's pay envelope with the latter's consent. In this way the collection fee is eliminated and the insurance protection can be given at a considerable reduction in cost.

See Also:

LIFE insurance; WORKERS' compensation; INCOME tax -- Law & legislation; PAYMENT; INSURANCE premiums; WAGES; UNITED States

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H.L. Mencken, "An Eminent American," July 11, 1923.

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