3. -- It may be applied in a permanent reduc-
tion of the future annual premiums, or a
proportionately larger reduction of these for
the next five or seven years, and in other
ways. Most offices granting every reason-
able facility for applying profits in any way
the insured may consider desirable.

_Endowment Insurance_. -- This is a class of
insurance by which an insurer may receive the
amount of a policy himself during his life, at
an age to be fixed at the time the insurance is
effected. Should he die before reaching the age
specified, the money is payable to his represen-
tatives.

It may also be so arranged that instead of
receiving the money at a certain age, he may be
paid a fixed sum annually for the rest of his life
thereafter.

For example -- a person at the age of thirty
may insure £1,000 to be paid to him on attain-
ing the age of sixty. The annual premiums for
insurances of this kind vary with different offices;
but they can be effected at the age named, at
about £28 10s. for the £1,000. If the person
died before attaining the specified age, the money
would be paid to his representatives; if he sur-
vived, he could either receive the £1,000, or be