A Comprehensive Plan of Insurance And Annuities for College Teachers

Cover A Comprehensive Plan of Insurance And Annuities for College Teachers
A Comprehensive Plan of Insurance And Annuities for College Teachers
Carnegie Foundation for the Advancement of Teachin
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If he can depend upon a retiring allowance at sixty-five, what he needs is insurance against the risk of death before that age. By that time, whether the system from which he anticipates a pen- sion be a contributory one, or whether the pension be furnished without cost to him, his security for old age is provided. By that time, too, his children have grown up and he is interested mainly in the security and comfort of himself and his wife in their old age. What he needs is adequate insurance un...til such time as his pension may become available, whether it be planned to come under one form or another. The following table will show that the cost of protecting himself against this risk is very moderate. These are the years during which his family needs protection against the risk of his premature death. They are the years during which such a disaster would cause the greatest loss, but they are also the years during which his insurance costs least. This computation has been made on the basis of the American Mortality Tables and the legal rate of interest of three and one-half per cent.

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