[1]
[Footnote 1: The expense allowance on a plain life policy for $1,000,
taken at age 33, would be about $5.29; net premium (com. ex. 4 per
cent.), $18.04; total office premium, $23.33; present rate $24.10.]
Taking the case of the single premium endowment policy for $1,000, we
find that the following sums are required, each year to provide for
the care of the reserve and to pay the government fees (1 per cent. of
reserve):
1st year $6.9982 | 6th year $8.4136
2d " 7.2560 | 7th " 8.7381
3d " 7.5258 | 8th " 9.0781
4th " 7.8082 | 9th " 9.4346
5th " 8.1039 | 10th " 9.8086
The insurance expenses should be covered by the 20 per cent. allowance
given below:
1st year $ .4422 | 6th year $ .2566
2d " .4100 | 7th " .2076
3d " .3762 | 8th " .1556
4th " .3402 | 9th " .0988
5th " .2996 | 10th " .0344
Consequently the total contribution required from this policy each
year is:
1st year $7.4404 | 6th year $8.6702
2d " 7.6660 | 7th " 8.9457
3d " 7.
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