THE ANNUITY PLAN Annuity bonds a re a fo rm of in ves tment r apidly rising in favor. They are highly commended by fi nanci a l adviser s, and iss ued as among their desirabl e propos itions by the leadi ng ins urance compani es. An annuity bond is a guarantee to th e annuitant of a fi xed in come, proporti oned t o the amount of the bond and the expectati on, or probable remainder of li fe at the time of purchase, and var ies fr om 4% to 12%, or mor e according t o age. Advantages of Our Annuities T he inves tment is beyond the ri sk o f speculati on and the vici ss itudes of trade and commerce. The fund s a re invested in app roved securiti es, and no part is used for current needs unt il the death of the annui tant. T he reserve fund, whi ch is under the supe rvision o f the Insurance Depa rtment o f the State of Ca li fo rni a, is set up on the basi s of one dolla r r eserve fo r every dollar of act ive annuity funds. The income is not subj ect t o fluctua ti on, or poss ibly annihilati on. The inves tment is permanent , and pas t the worry and hazard of re-inves tment, with incidental loss o f inter es t. The fund will ultimately pass into the Lord's treasury, and be used to promote the spread of the Gospel "till H e come." Th e legacy will be th e gift of a living rather than a dead hand. T her e will be no cos ts for litiga ti on, or admini stration, and no ali enati on of the gift from the intenti on of the giver. The pe rcentage of annuiti es, with per sons pa.st middl e life, considerab ly exceed ordinary r a tes of inter est or dividends. Full part icular s upon applica t ion to the Business Manager. THE FINANCES OF THE INSTITUTE It has always been the practice o f the Institute to make no charge for tuition. From cer tain inves tments ther e is a limited income for the carrying on o f the, work of the Institute, but in addition to thi s th ere is needed annually $100,000 for the maintenance of the work. T his need is met ea.ch year by voluntary contributions, and those who believe in the teachings fo r which the Bible Institute stand s, and the work whi ch it is doing in train ing men and women fo r Chri stian use fulness, and in actually winning men to Christ whil e they a re being thus trained, a r e earnest ly r eques ted to help in the financia l needs of the Inst itute : I. By a contri bution to current expense. E ither la rge or small a.mounts will be grate full y r eceived, and will ass ist ma teri a lly in the work. 2. By ass uming the expense of tra ining a studnet for one year. Thi s means dona.ting to the Institute, not the cost of hi s room and board, but the pro rata. cost of his instructi on, i. e., $175. 3. By fo unding a permanent fund fo r the tra ining of a student (as in para.graph 2), which fund may bear the name of the donor, if so desired. 4. By endowing a Scholar ship, the income fr om which will meet the expense of a student fo r room and boa.rd . 5. By investing in the In stitute on the Annuity Plan . G. By remembering "Bible Insti tute of Los Angeles" in a last will and t estament. Eve ry contr ibutor o f $10.00 or mor e annua lly to the Institute, will r eceive The King's Business fr ee. 34
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