New-York tribune., 1905-01-08

OF Life Insurance is valuable to
everyone, and, as a matter of fact Is
one OF the very best to insure a COM
1ortable and peaceful old age.
There are classes, however. who sho11d
not allow the opportunities offered bv
these plans to pass by without availing
themselves of their benefits. The ARMY,
the Navy, the teachers and professors
IN educational institutions and schools
OF all others, should be insured on these
plans All of these are salaried persons.
Ihey know all the time exactly what they
are TO receive every month in the wear.
They know also about how much it will
cost them to live and can estimate how
much insurance they can carry. Further
more, they know that they must retire
from their professions at a certain age.
Even Boards of Education have adopted
retirement rules which in many cases
work great hardships because there has
been no provision for pensions for them.
These three classes are among the most
important of all.
If, therefore, the teachers of the
present day would provide for them
selves an annuity which would be avail
able on their retirement, they would be
wise. In many cases, the families of
teachers have devoted themselves to
study and are most helpless from a
practical point of view These teachers
begin their profession by the time they
are thirty, and sometimes younger, so
that they could carry policy for twenty
years and at its maturity reinvest the
whole amount in a much larger policy,
and by the time it had matured at the
end OF another fifteen or twenty years
they would have a large sum that would
produce almost as much as they were
able to earn in the days of their
activity.
The Army and the Navy carry in
surance in a society organized for their
own benefit, but If l am advised correctly
the terms are not quite as liberal as
those of the stronger civilian companies,
though 1t IS a great thing for them to
have some means through which they
can save something. On their retire
ment, they would have retired pay, and
if to it they would add the annuity of
a good-sized Life Insurance, they would
never suffer from the loss of their full
pay which the inexorable laws of COM
pulsOry retirement inflict.
1t IS a curious circumstance that these
three professions so important to the
welfare of the nation should be subject
to retirement at a fixed time in their
lives without regard to their physical
and mental capabilities. At no time is
their pay commensurate with their
services, and it seems hard that at any
period 1t should be smaller. Therefore,
1t is almost obligatory upon them to
provide an Annuity Life Insurance that
cannot be affected by any untoward
event for the inevitable reduction of a
greater calamity-their untimely death.
As rule, the families of Army and
Navy officers and educators, if left alone
by the death of husbands and fathers,
are absolutely helpless. They have been
accustomed to all the rehnements of life
and to live well. Their positions have
been such that they have known little
of exposure and struggle through which
bread winners must pass. Hence, 1t IS
all the more necessary that some pro-
vision should be made for them by their
natural protectors. 1t is better to prac-
tise a little economy than wait until
the fatal day when it must begin without
any hope of relief
The earlier one undertakes to carry
Life Insurance the lower the premiums
which are based upon the age of the