Adult whole life.-Under this plan the payment of premium ceases on first anniversary of date of issue after insured reaches age seventy-four. One-half only of amounts of policy are payable if death occurs within six calendar months from date of policy, and the full amount if death occurs thereafter. The table shows the benefits and weekly premiums for age from ten to seventy years. ADULT WHOLE LIFE Payment of Premium ceases on first anniversary of date of issue after insured reaches age 74 One-half only of amounts as below payable if death occur within six calendar months from date of Policy, and the full amount if death occur thereafter 20. 105 21. 102 22. 99 23. 96 192 24. 25. 26. 27 86 172 264 258 28. 83 166 249 210 315 420 525 630 735 $840 204 306 408 510 612 714 816 $918 198 297 396 495 594 693 792 891 $990 $1,089 $1,188 288 384 480 576 672 768 864 960 1,056 1,152 93 186 279 372 465 558 651 744 837 930 1,023 1,116 90 180 270 360 450 540 630 720 810 900 88 176 352 440 528 616 704 792 880 344 430 516 602 688 774 332 415 498 581 243 324 405 486 567 237 316 395 474 553 45 225 43 86 50. 51. 52.. 53. 54. 55 56. 57. 58. 59. N N N N wwwww BB 42 84 40 80 $53 $106 $159 $212 $265 $318 $371 $424 $477 $530 $583 38 76 36 72 35 33 30 60 28 56 27 25 50 24 48 75 100 66 63 84 18 36 54 72 90 17 34 48 36 125 150 114 152 190 304 342 380 279 310 252 280 308 336 243 270 297 324 96 225 250 68 85 102 119 64 100 120 140 160 180 200 252 162 180 153 170 56 84 98 112 126 140 Matures as an Endowment 20 years from date of issue One-half only of amounts as below payable if death occur within six calendar months from date of Policy, and the full amount if death occur thereafter YOUNG PEOPLE'S 20-YEAR ENDOWMENT Matures as an Endowment 20 years from date of issue Amount payable provided death occur after Policy has been in force for the following periods, for weekly premium of 5c. For 10c. per week the benefits are twice those named No higher premium than 10c. will be taken ! ! ! ! ! ! ! 7 Years 8 Years in9 Years 10 Years $12.50 $15.00 $17.50 $20.00 $22.50 $25 $30 $35 $40 $45 $50 30.00 35.00 40.00 45.00 50.00 35.00 40.00 45.00 50.00 50 The Prudential Insurance Company has the same tables of benefits as above. The other industrial insurance companies pay lower benefits. The Prudential Company has an additional table for even $500 of insurance which follows: REGULAR ADULT LIFE TABLE PREMIUMS CEASE AT AGE 75-POLICY PAYABLE AT DEATH ONLY The new Convertible policy of the Metropolitan Life Insurance Company.—In a letter of June 14, 1909, Mr. Haley Fiske says: The weekly premium is in each case ten cents for infantile and 25 cents for adults. The amount of insurance is also nearly stationary; in the adult table it is $250 at ages ten to twenty-nine at entry, inclusive; $200 at ages thirty to thirty-nine, at entry, inclusive; $150 at higher ages. In the infantile the table in its benefits is a little more complicated, owing to more decided changes in the mortality figures at different ages. The variation of benefits made necessary by mortality at different ages appears, not in the amount of insurance or premium, but in the terms of the insurances. The policy becomes paid-up at various periods according to age at entry. When these various periods mature, further payment of premiums changes the plan of insurance from life to endowment; the longer premiums are paid, the shorter the endowment. For instance, at age ten 25 cents buy $250 insurance, which is fully paid-up after payment of premiums for eight years and twenty weeks; payment of premiums for thirtytwo weeks longer makes the policy an endowment at age sixty-five; twentyseven weeks additional premiums make it an endowment at age sixty; a further period of thirty-nine weeks makes it an endowment at age fiftyfive; a further period of one year and three weeks makes it an endowment at age forty-five; a further period of two years and two weeks makes it an endowment at age forty. It is entirely optional with the policy-holder to continue the contract for the various extended periods. Intermediate policies.-The Metropolitan introduced this type of policy in 1896, and the Prudential followed. These policies were based on the Industrial table of mortality and were good for the sum of $500. The premiums are payable quarterly, semiannually, or annually, instead of weekly. It is claimed that the workmen who took these policies and paid quarterly got their insurance as cheap as, and cheaper than, the rich policy-holders who took large policies. This was because of the tremendous dividends paid by the Metropolitan, until the Armstrong Laws forbade the issue of both participating and non-participating policies by the same company. Then new tables were got out by the companies at much lower premiums. It is claimed by the Metropolitan that the intermediate policy and not the weekly payment policy should be compared with the Massachusetts Savings Bank scheme. Mr. Fiske says: The whole stock in trade of the Savings Bank System has been to compare its monthly premiums with our weekly premiums and claim that the workingman could get cheaper insurance by that system than by our system. As monthly insurance, equally with quarterly insurance, is Ordi |