"DATING BACK" AND "BONDS" 221

pool rascals and others, is a sample of the figures given to sell this scheme:

Present age 40, policy written as of age

33 years    $5,000.00

Annual premium age 33, $167.00 for

seven years equal    1,169.00

If policy had been taken seven years

ago the interest, 5 per cent., equals   250.00

The applicant has, therefore, retained

in his own possession    1,419.00

This company accepts a policy loan agreement in payment of the first

seven annual premiums for   797.50

The amount saved on day of making application    621.50

A twenty payment life policy at age 40 would cost $197.00 per year for twen-

ty years, amounting to a total cost of 3,940.00

At age 33 the annual premium is $167.00, and this amount paid for

thirteen years equals    2,171.00

Guaranteed saving in cost, therefore,

being    1,760.00

If applicant so desires the company will issue a policy guaranteeing to pay the amount of the "Policy Loan Agreement," with interest thereon, should death occur within thirteen

years    250.36