Fraternity-Testvériség, 1991 (69. évfolyam, 1-4. szám)
1991-07-01 / 3-4. szám
FRATERNITY Page 15 youth are looking for a deeper experience of God in their lives and are asking for more indepth study of God's Word as it relates to their experiences. We urge committed adult Christians in our churches to consider taking to heart the great opportunity to help the future church, our children and grandchildren, become responsible witnesses of Jesus Christ. We are particularly pleased that the two Hungarian Fraternal Insurance companies: The William Penn Association and the Hungarian Reformed Federation of America take to heart the financial support of the Youth Camp and are partners in the Christian education, nurture, and care of our children. We thank their generosity for making possible the many amenities our campers have come to enjoy over the years. We thank the staff of the Bethlen Home for hosting the youth to a fine lunch and providing a learning experience among the residents of the Nursing Home. Youth Camp Director for Calvin Synod Rev. Louis Medgyesi Representatives of the Youth Camp receive the donations from the HRFA and William Penn Association. A short note from a youth camp attendant: "Dear Rev. Bertalan and the Federation Family: Thank you for the donation you kindly gave me through Mr. Bihary for church camp in Pennsylvania in August. It was a great religious experience and I had a good time socially with new and old friends. May God bless you for your kindness with good health and happiness." Angela Keating West Side Hungarian Reformed Church From the Underwriting Department Glossary of Common Life Insurance Terms ACCIDENTAL DEATH BENEFIT (also referred to as "Double Indemnity Rider"). This benefit or rider is part of the certificate to which it is attached. It is customary to provide an accidental death benefit in an amount equal to the face amount of the policy; hence the popular term, "double indemnity." Therefore, if the basic policy is in the amount of $1,000, the usual accidental death benefit would be an additional $1,000. This benefit or rider is payable if the insured dies as the result of an accident or as a result of accidental means within 90 days. Exclusions are made for death by suicide, in other words, this benefit is never payable if it can be proved that the insured took his own life intentionally. Further exclusions are: death as a result of war, whether or not such war is declared, insurrection or riot; death resulting from aviation, except as a fare-paying passenger on a regular scheduled flight; death resulting from the commission of a felony, and death resulting from any disease, illness or physical infirmity. APPLICATION. A form supplied by the life insurance company, completed by applicant and signed by the branch manager/agent and medical examiner (if applicable). The applicant signs the form which becomes part of the insurance contract if a policy is issued. This form gives information to the Home Office Underwriting Department so it may consider whether a life insurance policy will be issued and if so, at what premium rate. BENEFICIARY. The person to whom the proceeds of a life insurance contract are payable at the death of the insured. CASH SURRENDER VALUE. The amount available when the owner surrenders a policy to the company. CERTIFICATE. The written contract between a fraternal benefit society and the member purchasing the insurance, stating the terms and full details of the agreement. Also known as the policy. CONTINGENT BENEFICIARY. The person designated under a life insurance contract to receive the proceeds payable on the death of the insured if there is no primary beneficiary living at the insured's death. Sometimes referred to as "secondary beneficiary."
