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Show Old-Age Security A writer in the American Mercury Mer-cury recently observed that there Is one way of eliminating the danger dan-ger of poverty-stricken old age and a way which does not require government panaceas with added taxes, bureaus and thousands more public employes. That way is by taking advantage of the annu ity plan, wmcn nas long oeen 01-fered 01-fered by life insurance companies here and abroad. There are two means of buying annuities by the payment of a single premium, which is, of course, a means pursued only by persons of some wealth, and by the payment of small monthly or annual premiums out of income. Almost any wage earner can afford af-ford an annuity in some amount, even though it be small. It is the finest form of savings, in that the principal cannot be touched until the age stipulated in the contract has been reached and then a definite monthly income is paid to the policyholder as long as he lives. The importance of the annuity is tragically demonstrated by the spectacle of millions of aged men and women without incomes ol any kind. Many of these once had money, many others once held well paid positions. Today they are wards of the state, or must depend for existence upon charity The annuity would have saved them as, in the future, it will save those who take advantage of it now, when they are able to earn a good living and spare a few dollars a month for the sake of old-age security. |