Fraternity-Testvériség, 1987 (65. évfolyam, 1-4. szám)
1987-01-01 / 1. szám
FRATERNITY Page 5 BEWARE - BETTER BE SURE THAN SORRY In these times of very competitive insurance rates, some of our members have been approached by other insurance companies and have assigned and transferred absolutely to them all assignable benefits (surrendered your certificate) in exchange for a new life insurance policy. YOU CAN STILL CANCEL IT! In addition to a death benefit, did you ask the agent about your LIVING BENEFITS? Do they have a fully staffed nursing home, retirement cottages, president’s emergency funds, low cost home mortgage loans, etc., etc.? Living benefits that you will not have if you surrender your life insurance coverage now. Also based on the newly approved rates, the Federation can change your current certificate to a newly increased coverage. A FEW WORDS OF FOOD FOR THOUGHT 1. Are you sure that they will issue you a certificate after you cancel the one with us? What are the exclusions listed in the new certificate? Please ask the agent. 2. Do not let the dividends fool you — we give ours up front with low cost premiums. 3. How about cash value? Better known as the amount of loan available for your use. How soon and at what interest rate? Did you ask? 4. You should also recognize that a policy which has been in existence for a period of time may have certain advantages to you over a completely new policy. One advantage in particular is the period of time during which the issuing company can contest the policy because of a material misstatement or omission of your true health condition as stated in your application. 5. Be sure that you are fully aware and understand the non-traditional life insurances that are now being marketed, such as: VARIABLE LIFE INSURANCE (VLI) ADJUSTABLE LIFE INSURANCE (ALI) UNVERSAL LIFE (UL) They all function as traditional Whole Life with partial permanent life insurance, and the balance in level or decreasing term insurance plus an investment (cash value) account that in some cases will fluctuate in relation with the investment performance of the equities selected by the policy owner. In some, the non-forfeiture options are not guaranteed. 6. FLEXIBILITY is a characteristic they all have and with its uniqueness, its benefits when called upon can also vary from its intended purpose. Be sure and be certain that the intended new life insurance company’s policy will ultimately be of benefit to you and your loved ones and not only for the benefit of the insurance agent. Check with your Branch Manager before you surrender to a stranger! Joseph F. Tegze V.P.-Secretary DONATIONS TO STUDENT AID FUND $100.00 Rev. & Mrs. Imre Bertalan. $50.00 Mr. & Mrs. J. Ed Bihary; Mr. & Mrs. Joseph Kovács; Mr. & Mrs. Ferenc Mozsi; Mr. & Mrs. Stephen C. Orosz; Mr. & Mrs. William Szuch; Mr. & Mrs. István Pota; Mr. & Mrs. Andreas Tabor. $25.00 Mr. John Fischer; Mr. & Mrs. George F. Kopits; Mr. & Mrs. Géza Katona; Ms. Barbara E. Kiss; Dr. L. Kovács; Mr. & Mrs. Bela Toth, in Memory of Tibor Dolinszky; Mr. & Mrs. Steve Vajda & Daughter in Memory of Rev. & Mrs. László Hunyady. $20.00 Calvin Hungarian Presbyterian Church, Calgary, Alberta. $10.00 Br. #2; Br. #352; Mrs. Mary St. Ivany; Pannonia Books Ltd.; Dr. Dennis S. Tarnay. $5.00 Mr. John Morey; Mr. Ernest Paroczay.
