Bethlen Almanac 1998 (Ligonier)
The Hungarian Reformed Federation of America
ANNOUNCING Two- or Three-Payment Single Premium Whole Life Contracts The premium is paid in two or three installments over a one- or twoyear period. Approximately 60 percent is the minimum initial payment on the $5,000 face amount and approximately 40 percent on the $10,000 face amount is required. The balance of the two or three payment premium will be established as a loan against the cash value of the policy. The loan interest is waived if the loan is repaid within one or two years from the policy date of issue. The repayment is the responsibility of the insured. There will be no payment notices sent from the Home Office. PLAN I: $5,000 (two payments) the initial premium is approximately 60 percent of the single premium. The balance must be repaid within one year from the issue date. PLAN II: $10,000 (three payments) the initial premium is approximately 40 percent of the single premium. The balance must be repaid within two years from the issue date. OPTIONS: The loan balance can be paid in twelve (Plan I) or twenty-four (Plan II) equal monthly installments or in one sum at the end of the one year (Plan I) or two year (Plan II) period. Once the applicant selects a loan payment plan, there will be no change in the plan. Plan I - $5,000 ages 0 through 50 and $3,000 for age 51 and over. Plan II - $10,000 ages 0 through 50 and $5,000 for age 51 and over. The initial payment must be paid with the application. The balance of the premium will be a loan against the policy cash value. No interest will be charged if paid within the specified installment period. Interest of 6 percent will be applied to the policy loan if the loan is not repaid within the specified installment period. If the insured’s death occurs during the installment period, the unpaid installments will be deducted from the death benefit of the certificate. For any questions, please call the Home Office of the Hungarian Reformed Federation of America at 202-328-2630. Endre Csornán, HRFA Secretary 24
