granted an annuity for the remainder of his life
of £92 a year. In the case of females the
annuity would be £83 only, as they are supposed
to live longer than males.

_Non-forfeitable Policies_. -- This plan provides
for the continuance of insurance upon the life of
a policy holder should the insured from any cause
be unable to keep up his premiums. The prin-
ciple of this scheme ensures that, in considera-
tion of the premiums already paid, a policy for
a certain amount -- less of course than that named
in the original policy, which would be cancelled
-- would be granted freed from all future pay-
ments in respect of premiums, and the insurance
money of the new policy would be payable at
death. For example -- a person insures his life
for £1,000 at the age of thirty, the annual pre-
mium on which would be £25 a year. At the
age of forty he finds himself unable any longer
to pay the annual premium, but to avoid the
loss of the £250 which he has paid during the
ten years, he will surrender the old policy for
£1,000 and will be granted a new one, say for
half the amount, payable at death, and he will
not be called upon to pay any further premiums.

_Settlement Policies_. -- This class of policy is
issued under the Married Women's Property
Act (1882), whereby a trust can be created for