456 



OSWALD J. ARNOLD 



"Where and how does my money go?" is one of the na- 

 tural questions of the premium payer which just now has espe- 

 cial emphasis put upon it by the holder of an endowment policy. 



This must be answered upon the assumption that the com- 

 pany issuing the policy is operating legitimately to the inter- 

 est of the investor. For instance, the first premium you pay 

 in may be divided in half with the agent who wrote your policy 

 — less than this is scarcely possible in the competition for 

 business — or in a less scrupulous company the agent may re- 

 ceive every cent of your first payment. But in any reputable 

 company the man who at 35 years old takes out a twenty year 

 endowment policy for $1,000, the annual premium on which is 

 based on the actuaries' table of mortality and 4 per cent in- 

 terest, will have his premiums distributed by the company's 

 methods in the following manner through each of the twenty 

 years of the policy, his annual premium being fixed at $48.32 

 and the fixed charge for company expenses standing at $4.52 

 of this premium: 



3 



43. 

 43. 

 43. 

 43. 

 43. 

 43. 

 43. 

 43. 

 43. 

 43. 

 43. 

 43. 

 43. 

 43. 

 43. 

 43. 

 43. 

 43. 

 43. 



$4.52 

 4.52 

 4.52 

 4.52 

 4.52 

 4.52 

 4.52 

 4.52 

 4.52 

 4.52 

 4.52 

 4.52 

 4.53 

 4.52 

 4.52 

 4.52 

 4.52 

 4.52 

 4.52 

 4.52 



$9.00 

 8.88 

 8.73 

 8.58 

 8.40 

 8.18 

 7.95 

 7.69 

 7.44 

 7.19 

 6.91 

 6.61 

 6.24 

 5.78 

 5.21 

 4.53 

 3.70 

 2.69 

 1.47 

 0.00 



$29.80 

 29.92 

 30.07 

 30.22 

 30.40 

 30.62 

 30.85 

 31.11 

 31.36 

 31.61 

 31.89 

 32.19 

 32.56 

 33.02 

 33.59 

 34.27 

 35.10 

 36.11 

 37.33 

 38.80 



$ 31.36 

 64.08 

 98.26 

 133.29 

 171.29 

 210.31 

 251.12 

 293.83 

 338.49 

 385.19 

 434.04 

 485.15 

 538.67 

 594.79 

 653.72 

 715.69 

 780.97 

 849.87 

 922.74 



1000.00 



G 



c 



rc » 

 tri P 



jo i 



r+ CO 



$968.64 

 935.92 

 901.74 

 866.03 

 828.71 

 789.60 

 748.88 

 76617 

 661.51 

 614.81 

 565.96 

 514.85 

 461.33 

 405.21 

 346.28 

 284.31 

 219.03 

 150.13 

 77.26 

 00.00 



With this table in detail, showing as a chief feature how 

 the individual policy holder profits from his continuance of pre- 



