DearJack，

Thankyouforyourcongratulations，mycongratulationstoyou!IrememberMargaretFieldverywell—thegirlwiththatwonderfulredhairandthosebeautifuleyes．Shewasthemostpopulargirlinourcollege．You’reaveryluckyfellowandI'msureyou’11beveryhappywithher．

BrendaandIareverylucky，too．Herfathergaveusthishouseasaweddingpresent，sowe

don'thavetopayrent．Thehouseandfurnitureareinsuredalready，soIcan’thelpyoubygivingyouthatkindofbusiness．IwishI'dknownearlierthatyouwereintheinsurancebusiness．I'd

certainlyhaveaskedyoutogivemeapolicyforthehouseanditscontents．

I'mratherdoubtfulaboutthevalueoflifeinsurance．It’smyduty，Iknow，toseethattherewillbemoneyformywife，andlateronforthechildren，intheeventofmyearlydeath．ButIfeelthatit'swisertoputmymoneyintothesharesofgoodbusinesscompanies．YousayIcangetpolicythatwillprovide50，000whenI'm65．Yes，butthattimeisnearlyfortyyearsaway，andwhatwill50，000beworththen?Therealvalueofmoneyhasbeengoingdownandpricesgoupalittleeveryyear，perhapsonly4％or5％，butthemovementisalwaysup，neverdown．50，000infiftyyearsfromnowmaybeworthonlytwo—thirdsorevenahalfofwhatitisworthtoday．NowifIputmysavingsintothesharesofthebigoilcompanies，oraircraftmanufacturers，thevalueoftheshareswillgoupwiththeriseincostsandprices．Sotherealvalueofmymoneywouldremainaboutthesame，wouldn’tit?Iknowyouranswer．You’llsaythatyourlifeinsurancepolicyprovidesagainstmypossibledeath．I'vegottobalancethatpossibilityagainstthealmostcertainfallinthevalueofmoney·

I'dverymuchlikeyoutomeetBrenda．Canyoucomeforaweekendsometime?WhataboutnextSaturday?Ifyoucanmanageit，pleaseletmeknowwhichtrainyou’recomingby，andI’llmeetyouatthestation．Wecanhaveatalkaboutlifeinsuranceandperhapsyou’llsucceedinmakingmeseethatlifeinsuranceisagoodthing．

Yourssincerely，

Fred

1．Wecaninferfromthepassagethat ．

A．MargaretisFred’swife

B．JackisacustomerofFred

C．BrendaisfamiliartoMargaret

D．Jack，FredandMargaretoncestudiedinthesamecolle