REBATING AND OTHER SCHEMES 217

$416.10—premium.

20—years.

$8,322.00—paid in on policy.

$460.00—paid in on stock.

$8,782.00—total paid in to company.

Value in cash:

Guaranteed value of policy   $4,370.00

Dividend value of policy   4,990.00

Estimated value of stock   10,000.00

Dividend value of stock    2,000.00

Total value of policy and stock and insurance for twenty years    $21,360.00

What has made the most trouble in connection with the "board plan" and this plan of selling stock with policies, has been the making of extravagant estimates of probable profits. In both cases anything like reliable estimates are quite impossible. All that are given are practically sure to be exaggerated. Honesty of management calls for a total suppression of these estimates, the fact being that nothing about it can be foretold.