1925 PREMIUMS MAY BE PAID IN ADVANCE

An arrangement has been concluded with the Aetna Life Insurance Company, which is handling the Senior class fund endowment insurance, offering the opportunity of paying the total of the premiums in a lump sum at the outset. This plan, which is designed to save the trouble of paying premiums throughout a period of 25 years, calls for a payment of about $130 for every $250 in the face value of the policy. When this policy matures in 1950, it will represent the original $130 with about four per cent interest. The payment of the premiums in a lump sum effects a saving of about $95 over payment in annual installments.

"One of the great advantages of the endowment insurance system," said Mr. James Woodhouse, of Woodhouse and Jenney, managers of the Aetna Boston agency, in a statement to the CRIMSON yesterday, "is that it relieves the class treasurer of absolutely any work in the collection of the class fund for the whole period of 25 years. We take all the responsibility of collecting the premiums every year from each member of the class of 1925 for the fund in 25 years will mature in an endowment of $150,000, if enough policies are taken out. In the case of lapses of payment of premiums, we will make every effort to collect the money ourselves, but in case of continued non-payment we will communicate with the class treasurer for advice and suggestions on the matter.

"Life insurance is the most modern method by which the uncertain is made certain," quoted Mr. Woodhouse from President (then Governor) Coolidge's address in 1921 to the Life Insurance Sales Congress. "I believe that the most wonderful thing of this insurance program," continued Mr. Woodhouse, "is that every man--no matter what his condition may be can contribute equally in the building of this endowment to Harvard. This insurance is a policy on each man's life, and I consider it a marvelous way of keeping up the class spirit and of holding the class together.

"I will be very much surprised if more than 90 per cent of the class does not sign up. I feel that the premium is so low and the details have been worked out so carefully that every man in the Senior class will see his way clear to pay at least $8.88 a year toward his class's endowment to Harvard."