26 JUNE 1897, Page 12

Life Assurance Explained. By William Schooling. (Cassell and Co.)—Mr. Schooling

is the editor of " Browne's Insurance Direc- tory" and "Browne's Handy Assurance Manual," both of them periodicals which have been frequently noticed in these columns. In this volume he treats the theory of the subject of life assur- ance, explains on what principle premiums are calculated, bonuses declared, &c., and gives practical suggestions for persons who in- tend to make or who have made insurances. There is a hint about investing money in this way which might be made useful by persons who are looking out for what is so difficult to find, a pro- fitable employment of money. The purchase-money for a policy, added to the cost of an annuity for paying the premiums, may leave a considerable margin of profit.