Report of the Commission on old age pensions, annuities and insuranceJanuary, 1910 . e. The monthly rates for the two forms of insurance andannuity policy are: — Age Next Birthday. $500 Insurance to Age 65, with LifeAnnuity at Age 65. Insurance thendiminishes by the amount op annuityreceived. $500 Insurance and$100 Annuity. $500 Insurance and$200 Annuity. ,30,35,,50, $1 121 331 61 1 98 2 51 3 35 4 75 $1 47 1 81 2 24 2 85 3 745 157 60 (F) Immediate annuity policy: — This is the last form of policy offered by the savings bankinsurance, the rates having been published in September,1909.
Report of the Commission on old age pensions, annuities and insuranceJanuary, 1910 . e. The monthly rates for the two forms of insurance andannuity policy are: — Age Next Birthday. $500 Insurance to Age 65, with LifeAnnuity at Age 65. Insurance thendiminishes by the amount op annuityreceived. $500 Insurance and$100 Annuity. $500 Insurance and$200 Annuity. ,30,35,,50, $1 121 331 61 1 98 2 51 3 35 4 75 $1 47 1 81 2 24 2 85 3 745 157 60 (F) Immediate annuity policy: — This is the last form of policy offered by the savings bankinsurance, the rates having been published in September,1909. The policy provides for the purchase of annuities onwhich payment begins one year from the date of the issue ofthe policy, and continues yearly thereafter during the life ofthe annuitant. The rates show the purchase price of anannuity of $100 yearly at different ages, and also the amount 1910.] HOUSE —No. 1400. 197 vi annuity that may be purchased by $1,000 at different rates for women are somewhat higher than the rates formen. Following are the rates for men: —. The chief advantages claimed for the savings bank insur-ance system, in addition to the variety of policies offered,relate to the low cost, the high surrender values and the per-fect safety of this form of insurance. The rates for straight life insurance through the savingsbanks were about 25 per cent, lower than the former weekl}payment rates of the industrial insurance companies. Thisdifference was, however, considerably reduced by the adoptionof the new rates of the Prudential and Metropolitan, whichwent into force in 1909. The amount of insurance nowoffered at age 25, for a weekly premium of 25 cents, is $450,instead of $405, as under the old rates. The amount of in-surance at age 25, for a weekly premium of 30 cents, is $540,instead of $480. On the basis of these new rates, the savingon straight life insurance under the savings bank system wouldamount to less than 15 per cent. For example, a youn
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