The initial premium of endowment insurance policies taken out for the Senior class fund may be charged on the April term bill, according to an announcement made last night by the Senior class executive committee. Bursar Endicott has agreed to make the necessary charges. Each man taking out a policy and wishing to charge the first premium will simply have to sign a release slip for the proper sum against his term bill through the Bursar's office.
The price of the first premium is fixed, that is, it is invariable in regard to the age of the applicant. For a policy of $250 the initial premium will be $10; for a policy of $500, $20; and for a $1000 policy, $40.
The yearly premium varies according to the age of the man taking the policy from $8.83 for each $250 face value on the policy for age 20, to $8.93 for each $250 for age 24.