Page Seven 



The individual iiioiniunis \)vv .^1, ()()() foi' jHTsons insiirinj;- 

 independently, for ordinaiy life, would be:^ 



.4^76 Ruic per $1,000 triihotii Rate per $1,000 tvilfi 

 DisnhUity Provision Disability Provision 



29 $24.38 $25.40 



40 33.01 35.50 



51 50.52 54.85 



60 77.69 



Under group insurance, therefore, the man of 29 years would 

 pay less than one-half of the premium and the man of 51 

 years would pay well under one-fourth of the premium which 

 would be required if they insured independently. The man 

 of 60 years, moreover, while having to pa}^ only less than 

 one-sixth of the premium which would be required if he 

 insured independently, w^ould be covered by permanent 

 disability insurance, which he could not otherwise obtain. 

 Furthermore, as participants in the group plan, all cases 

 would be exempt from physical examination. 



The amount of insurance allowed to participants in the 

 group plan may be based on terms of service, salaries, or a 

 combination of the two factors. Three possible plans, 

 adapted to Museum conditions, for determining the amounts 

 of the individual policies, are given below^: 



Plan 1 (Service basis) 



After one year of service, $1,000, increasing thereafter 

 by $250 annually, to a maximum of $5,000 after 17 years of 

 service. (This plan allow^s a $500 policy to employees of 

 more than 3 months' but less than 1 year's standing.) 



^These figures are quoted from the 1921 tables of a standard insurance company. 



