Fraternity-Testvériség, 1983 (61. évfolyam, 1-4. szám)

1983-01-01 / 1. szám

Keep Your Life Insurance In Force

For many years the soundest investment that could be made was in permanent cash value life insurance.

KEEP what you now have and do not be lured into surrendering your policy for the cash value. If you are in need of immediate cash, then you can borrow the full cash value on your policy for an interest rate of five percent and you will still have insurance coverage. By paying the premiums re- giularly and the interest once a year you will have this coverage plus you are adding to the cash value of your policy.

Your wisdom in the investment of permanent cash value life insurance will continue to serve your needs giving you financial security and peace of mind. Life insurance payments are in a sense a “forced savings” which will help to strengthen your financial base in future years.

In conclusion — THINK — before you surrender your policy. Borrowing against the cash value is much more advantageous.

For any additional options available in your policy, contact any of our field personnel who will give you ail the information you require.

Elmer E. Vargo

A Challenge To Improve

We are aware that the body of the Hungarian Reformed Federation of America with voting power ruled to remain an independent entity, thus, a crucial challenge in the competitive field of Fraternal Insurance faces us. The challenge is to seek and find the most relevant and contemporary methods to improve our Federation.

Changes must take place as growth and progress can only be attained by keeping abreast with thé practices of other Fraternal organizations. The priority of any Fraternal organization is to increase their membership Unfortunately in recent years there has been a drastic decline in our membership, which resulted in a drop in premium income. At present the Federation derives its major source of income" from interest on our investments, however, due to the current statues of our nation’s economy, interest rates are also dropping. What can we propose to remedy our situation? The solution in my opinion is two-fold: First and foremost, increase our membership and retain our present membership, and secondly, develop and improve our methods of operation. Le us unite and therefore work together for the growth of our Federation and for the welfare and interest of all our members. Joseph S. Molnár

PROCLAMATION

HARRISBURG, PA (March 4, 1983)-Governor Dick Thornburgh recently issued a proclamation designating March 15,1983 as Kossuth Day in the Commonwealth in honor of Hungarian Independence Day at a ceremony in the Governor’s Reception Room.

In proclaiming Kossuth day the Governor said, “Despite the loss and disappointments experienced by the Hungarian people, American citizens of Hungarian descent continue to display strength, loyalty and a deep love for their mother country. In celebrating Kossuth Day and Hungarian Independence Day, we pay tribute to these brave people and join with all citizens of goodwill in hoping that one day freedom and justice will prevail in nations throughout the globe.”

The Hungarian quest for independence was led by Lajos Kossuth whose bravery and leadership enabled the Hungarian people to win their freedom from Austrian domination on March 15, 1849. Unfortunately, this liberty was lost the following year, and in 1852 Kossuth escaped to the United States where he was given sanctuary and a hero’s welcome. He had the distinct honor of being invited to address the United States Congree, an honor previously afforded to one other foreign dignitary, General Lafayette.

The foundations of freedom set forth by Kossuth remain firm in Hungary. After World War I, the country again became independent but at the expense of 60 percent of its territory. In World War II, the Hungarians once more lost their independence and today they remain under the rule of the Soviet Union.

To witness the signing of the proclamation were Louis N. Skeparnias, Executive Director, and Charles Bojanic, Chairman, of the Governor’s Heritage Affairs Advisory Commission and representatives from the William Penn Association and the Hungarian Reformed Federation of America.

1st Row — Elmer Charles. WPA; Governor Dick Thornburgh; John Balia. WPA. 2nd Row — John Szanto, Louis M.Skeparnias, Charles Bojanic, Elmer E. Vargo, HRFA. Gay Baines, WPA and Gus Nagy. WPA.

6