Fraternity-Testvériség, 1991 (69. évfolyam, 1-4. szám)
1991-07-01 / 3-4. szám
Page 16 TESTVÉRISÉG CONVERSION. The exchange of an insurance policy of one kind to a different kind. CONVERTIBLE TERM. Some term contracts may be converted to permanent forms of insurance without medical examination if the conversion is made within a limited period as specified in the contract. The conversion may be made as of the original date of issue, provided the insured pays the difference in back premiums plus interest, or as of the insured's attained age at the time of conversion. DISABILITY WAIVER-OF-PREMIUM BENEFIT. A disability benefit which provides that a policy of life or health insurance will be continued in force without payment of premiums during any period in which the insured is totally disabled from bodily injury effected solely through external, violent, and accidental means independently and exclusively of all other causes, within 60 days after such injury. During such periods, the premiums are said to be waived by the company - that is, premiums are not required to be paid. (to be continued) George Dózsa Vice President-Secretary From the Treasurer's Department To all dues paying members: Please note the following schedule for dues payment: 1. If monthly dues are less than $10.00, payments can only be made quarterly. 2. If monthly dues are less than $5.00, payments can only be made semi-annually. 3. If monthly dues are less than $3.00, payments can only be made annually. Exceptions to the above are: a. If more policies are paid on the same book and total monthly payments are over $10.00 b. If it would create hardship, especially in the case of our older members. (However, these exceptions do not apply to any new sales.) William B. Puskas, Treasurer Student Aid The Student Aid Fund is intended to financially assist our young members in their pursuit of a college degree. It provides assistance to all those students who fulfill the following requirements: 1. The applicant must be a member of the Federation in good standing. 2. The applicant must be in his/her 2nd, 3rd or 4th year of college. 3. The applicant must send a transcript together with the completed and signed application form to the branch manager. (Application forms are available from the branch manager.) 4. Upon approval by the branch manager, the application together with the transcript is mailed to the Home Office for final review and processing. In this section of our Fraternity, we are happy to share with our readers some of the letters we receive from the recipients of the Student Aid. We hope that you will take as much pride and joy as we do in reading about the academic achievements of these gifted young people and their extra curricular activities which they pursue with dedication and idealism. We thank our Branch Managers for their assistance in helping our young members become aware of this benefit. Andrea E. Andrassy, Member ofBr. 20 "As the daughter of Mr. & Mrs. Mihály Andrassy, I was born and raised in Trenton, NJ. My parents were both born and raised in Hungary and emigrated to America in 1969. Previously my father was, and currently my mother is, an officer of Br. 20 of the HRFA. I attended Holy Cross Grammar School for nine years and went on to graduate from McCorristin Catholic High. I succeeded in maintaining honor roll status for four years at McCorristin, remaining in the top ten each year, and ranked sixth in my senior year.
