Fraternity-Testvériség, 1968 (46. évfolyam, 1-12. szám)

1968-05-01 / 5. szám

STATEMENT OF INCOME, DISBURSEMENTS

AND ASSETS FOR THE MONTH

OF MARCH,

1968

INCOME

U.S.A.

Canada

Life Insurance Fund $150,249.06 $

3,630.55

Sick Benefit Fund .....................

1,092.69

16.55

Hospitalization Fund ...............

3,819.31--.--Overremittances .........................

294.15--.--Bethlen Home Dues Collected

1,935.00

39.90

Investments Repaid ..............

79,509.28

765.16

Bonds Sold ................

2,863.06--.--Rent Income .............................

1,792.57--.--Trust Fund of Unpaid Claims...

500.00--.--Mortgage Loan Placement Fees

500.00--.--Total ...............................

$242,555.12

$ 4,452.16 11,610.80

Balance from Feb. 28, 1968

... 77,211.02

Total Income March 31, 1968

$319,766.14

$ 16,062.96

DISBURSEMENTS

Life Insurance Fund

$125,393.16

S 2,570.93

Sick Benefit Fund ..............

925.15---#_

Hospitalizati m Fund .

..... 1,818.00--#--Shortages .....................

746.21---,--Bethlen Home Dues Paid ..

..... 2,507.00

____

New Investments ................

.... 96,049.03

____

Real Estate Expenses .........

3,462.99--#_

Investments Expenses .........

810.00--1__

Trust Fund Paid

..... 4,090.18

—.—

Total Disbursements

March, 1968 .................

.....$235,801.72

$ 2,570.93

Total Income ............

$319,766.14

$ 16,062.96

Less Disbursements ..............

..... 235,801.72

2,570.93

Balance for April, 1968 ....

.....$ 83,964.42

$ 13,492.03

ASSETS

On Checking Account........

$ 83,964.42

$ 13,492.03

Bonds ........ ...............

7,334,344.95--.--Mortgage Loans ................

6,257,771.04

207,192.70

Real Estate Owned ............

677,169.80---.--Certificate Loans.............

477,291.27

300.00

Petty Cash ......................

400.00

—.—

Total Assets .................

$14,830,941.48

$220,984.73

Paul St. Miklossy, Treas. László L. Eszenyi, Contr.

WILL YOUR INCOME FROM PENSION AND SOCIAL SECURITY COVER THE EVER GROWING LIVING COST WHEN YOU RETIRE?

CHANCES ARE THEY WON’T!

SECURE ADDITIONAL INCOME

BY TAKING OUR RECENTLY INTRODUCED, INEXPENSIVE

RETIREMENT INCOME AT 65 INSURANCE

YOUR NEAREST LOCAL REPRESENTATIVE WILL BE MORE THAN GLAD TO GIVE YOU FURTHER INFORMATION.

FIND NAME AND ADDRESS OF OUR REPRESENTATIVES ON THE COVER PAGE, OR INQUIRE AT OUR HOME OFFICE:

THE HUNGARIAN REFORMED FEDERATION OF AMERICA

3216 New Mexico Avenue, N. W. Washington, D. C. - 20016

Phone: (202) 244-7555

LAPSE QUESTIONS—For Agents:

If a policyowner has lapsed or is about to lapse his policy, try asking him these five questions.

Are you planning to surrender your policy because . . .

1. The policy itself or the mode of premium payments do not meet your requirements?

2. You need money or can not afford the premium payments?

3. You intend to replace this policy with another plan?

4. There is a loan against your policy?

5. Some other reason?

The answers to these questions will tell you why your client has decided to lapse his policy. They will also provide you with an opportunity to re-establish the need for the coverage, and should give you a good chance to reinstate the policy.

For example, if your client answers “yes” to the first question, perhaps he doesn’t fully understand the versatility of the cash value life insurance plan, or possibly a different mode of premium payment would be preferable. If he answers the second question affirmatively, try explaining the automatic premium loan feature. If he plans to replace the policy with another plan, be sure to explain what he stands to lose -don't just attack the other plan or agent. Many policyowners never seem to completely understand how a policy loan works, so you might get a “yes” answer to the fourth question. A new explanation of the remaining policy values should help client change his mind.

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