The New York Life Insurance Company is sending out today between 250 and 400 bills to the men who have subscribed to the Senior Class Fund. These bills are for the initial premium payment on their policies, and there is a month of grace before they must be paid.
Through a misunderstanding with the Insurance Company $121 was stated as the amount due on a minimum policy of $250 if the premiums were paid in a lump sum. The correct amount for a lump sum premium payment, on a $250 policy is $145.13, or a saving of $106.87 in 25 years.
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