PRINCETON SENIOR INSURANCE PLAN SIMILAR TO HARVARD'S

A plan of senior endowment insurance has been adopted at Princeton along lines similar to those of the Senior class fund at the University.

At Princeton the fact is stressed that the fund is not a University activity, but strictly a class and alumni one. The university is not named as beneficiary in the policies and "there would be no obstacle to the class voting the fund at maturity to a memorial at Yale or Harvard," says the New York Times.

One of the chief differences between the plan adopted at the University and that at Princeton is that the Princeton policies mature in 20 years while those at the University will fall due in 25 years. At Princeton, in addition to the policies a sinking fund is solicited. This is an out growth of previous experience which indicates that it is advisable to provide for the payment of annual premiums which are lapsed or delayed. "The sinking fund," the New York times explains, "is being sought among graduating students who have larger sums of cash on hand."