The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1932-09-26
INSURE SCHOOL
FOR CHILDREN,
IS ADVICE
By FRANK F. LOOMS

There is no question buC what
college-bred young man receives
the first consideration from all
large institutions over the boy
who has not had college educa-
ton. Business heads of the
country today have become sold
on the college graduate.
Every father. expects to give
his child better opportunities
through an education but few
children actually get them.
The Federal Bureau of Educa-
ton found out that out of 1000
children entering first grade,
practically 1000 will reach fifth
grade; $40 will enter high school;
260 will graduate; 160 will enter
college and so will graduate.
College Costs Money
To be able to look forward to
see his son graduate from one of
our colleges or universities is
fathers natural ambition, but it
is often a hardship to accomplish,
A college education costs money.
Many parents have studied this
problem Of guaranteeing an edu.
cation to their children and they
have concluded that life insur.
ance offers the best plan avail.
able for accommodating the neces-
sary funds by the time the child
is ready for college.
Life insurance is an easy plan
because the deposits are not
large, sure plan because the
money is guaranteed, and the
best plan because it transfers the
obligation Of guaranteeing a col.
lege education for your children.
IN the event of your death, to a
great financial institution.
1t provides a definite plan for
starting the college fund now and
the parents today who wish their
children to get the right kind Of
start in life must begin to pre-
pare now.
Pay Spread Over Years
Life insurance enables you to
pay the bills for college over a
long period of years, a few dollars
at time instead of thousands
of dollars at a time.
The basic idea in educational
insurance is to provide funds to
put the child through college
irrespective of whether the father
lives or dies. This kind of in
Surance is written on various
plans and based on the fathers
age, but of course the younger
the child when the policy is
taken out, the smaller the de-
positS required.
The plan outlined is based on
a 17-year endowment policy
which, of course, pays in case the
insured lives or dies, but it pro-
vides, in case of the fathers
death, not only for the education
of the child when he reaches the
age of 18, but also an immediate
monthly income SO as to enable
the mother to take care of his
living expenses in grade and
high school.
Fund for Graduation
If the insured does not live to
see his boy complete his educa-
ton, the contract becomes auto
matically pa1d-up with no further
premium payments required by
the company, and pays $25 per
month until the child enters high
school, $50 per month during four
years at high school, 500 per
month during four years at col
lege, and $3.50 at graduation
from college.
If the insured is living when his
boy enters college at age of 10,
$6,803 will be available for the
college expenses. This amount,
of course. may be spread out over
any number of years to cover the
college period.
In case the child does first, the
insured himself can receive the
cash payment at the end of the
17-year period or another bene-
ficiary may be named. This plan
requires a deposit of 5000 per
month for II years on the basis of
the ages given above. father IS