Background
Huebner was born on March 6, 1882 in Manitowoc, Wisconsin. He was the son of Frederick August Huebner, a major landholder, and Wilhelmina Dick.
( This work has been selected by scholars as being cultur...)
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
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(Third Edition of the popular book by S. S. Huebner)
Third Edition of the popular book by S. S. Huebner
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(The preparation of this text was undertaken at the sugges...)
The preparation of this text was undertaken at the suggestion of the National Association of Life Underwriters. In making the suggestion, the Association was actuated by the desire for a comprehensive textbook adapted to the needs of classroom instruction for beginners of the study of life insurance in colleges and high schools; one which would also serve as a clear and simple exposition of the subject for laymen and life insurance solicitors. To fulfill this purpose it has been the authors object to bring together in compact and classified form the essential facts, principles and practices of the life-insurance business, and to present them in a simple and untechnical manner. The book does not attempt to discuss the highly technical aspects of the business, such as the specialist may desire; instead its purpose is to treat comprehensively those phases concerning which the average student, layman and solicitor should be informed in order to have a clear understanding of the nature of life insurance and the family, personal and business uses to which it may be put. The thirty-two chapters of the text have been grouped into five distinct parts, dealing respectively with the Nature and Uses of Life I nsurance, the Science of Life I nsurance, Special Forms of Life I nsurance, the Organization, Management and Supervision of Legal Reserve Companies, and Important Legal Phases of Life I nsurance. The first part of the volume is devoted to a discussion of the practical uses to which life insurance may be applied. Separate chapters are devoted to each of the leading types of policies sold, with a view to giving a detailed analysis of the contracts and an extended statement of the advantages and disadvantages connected with their use under various circumstances. (Typographical errors above are due to OCR software and don't occur in the book.) About the Publisher Forgotten Books is a publisher of historical wri
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( This work has been selected by scholars as being cultur...)
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
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Huebner was born on March 6, 1882 in Manitowoc, Wisconsin. He was the son of Frederick August Huebner, a major landholder, and Wilhelmina Dick.
He was brought up on a farm, and benefited from his rural upbringing. His scholastic and leadership abilities were early displayed at Two Rivers High School, from which he graduated as valedictorian in 1898. He then attended the University of Wisconsin at Madison, receiving the Bachelor of Letters in 1902 and a Master of Letters in 1903. He then earned a Ph. D. in economics at the University of Pennsylvania in 1905. His doctoral dissertation was on marine insurance.
At the time Huebner was completing his Ph. D. , the Wharton School of Finance and Commerce of the University of Pennsylvania was one of only three collegiate schools of business in the United States. The classical economists at most universities did not take kindly to courses in applied economics. Huebner's talent for innovation was evident at an early stage of his career. Wharton had no courses on insurance. Strongly impressed with the notion that insurance was a branch of applied economics, Huebner persuaded the provost to let him give a course in that subject.
In 1904 he became the first instructor of insurance and the stock exchange at a salary of $500 a year. Two years later he was appointed assistant professor of insurance and commerce, and professor in 1908. In 1913, when an insurance department was established, he became its chairman. Huebner remained at the Wharton School until his retirement in 1953. He taught an estimated 75, 000 students, to whom he was known as "Sunny Sol" because of his mild manner and pleasant disposition.
Huebner wrote twelve textbooks on various aspects of insurance. These were widely used in colleges and universities. He also was editor or coeditor of fifteen works on insurance and related fields. His "Human Life Value Concept, " explained in detail in The Economics of Life Insurance (1944), was employed by generations of insurance agents and field underwriters. Insurance instructors and professors in American colleges also spread the concept in their courses.
A man of great vigor, Huebner helped to establish such institutions as The American College of Life Underwriters in Bryn Mawr, Pa. (1927), which originated the chartered life underwriter (C. L. U. ) and master of science in financial service degrees; the American Association of University Teachers of Insurance, later the American Risk and Insurance Association (1932); and the American Institute for Property and Liability Underwriters (1942). Through his speeches and articles he influenced the public with respect to the need for and choice of insurance plans.
Huebner was also an adviser to congressional committees, the War Department, the Department of Commerce, and the Civil Aeronautics Board. During his frequent travels abroad he spread the Human Life Value Concept among insurance academicians and insurance professionals in Europe, Asia, and South America, as well as in Canada and Mexico. Huebner died in Merion Station, Pa.
Dr. Huebner is known widely as "the father of insurance education. " He left an indelible imprint on the insurance industry and on many of its basic institutions. The University of Pennsylvania maintains the prestigious Huebner Foundation to promote research and education in insurance economics and risk management.
( This work has been selected by scholars as being cultur...)
( This work has been selected by scholars as being cultur...)
(The preparation of this text was undertaken at the sugges...)
(Third Edition of the popular book by S. S. Huebner)
Huebner married Ethel Elizabeth Mudie, a Canadian teacher, on June 24, 1908. They had four children.