Fraternity-Testvériség, 1997 (75. évfolyam, 1-4. szám)
1997-01-01 / 1. szám
Page 6 TESTVÉRISÉG THE ADVANTAGES OF LIFE INSURANCE The primary purpose of life insurance is to provide financial security for your family. Life insurance helps to ensure that when you die, your family will have the financial resources and income needed to run the household and to protect their home and assets. Life insurance coverage is obtained through the purchase of a policy. You join a life insurance company when you purchase life insurance. Your insurer promises to pay a sum of money to the person or persons you named as your beneficiary or beneficiaries, at your death. This promise is given in return for your agreement to pay your premiums over a specified period of time. In determining how much life insurance you need, you might consider calculating how much replacement income your dependents would need, if you died. You should think of life insurance as a cash resource that can be used for the expenses of final illness, paying taxes, tuition costs, etc. Ideally, your policy should attempt to provide an increasing level of income to your dependents after you death, just as you would have, had you continued to live. There are many kinds of life insurance policies on the market today. It is important to keep in mind that you have a policy or a “mix” of insurance policies that will meet your specific needs. In the next issue we will discuss the various types of life insurance policies the Federation offers. PLEASE TAKE TIME TO INSPECT YOUR POLICY As we enter 1 997, we would like you to take a moment to reflect on any changes that may have happened in your life this past year, or even before, and the impact they may have on your future. For example: V Did you move or change your address or phone number? If so, you should inform your local representative or the Home Office accordingly so that we will know where to send any important information or checks you may be entitled to. ► Were you married and have not yet changed your name on your insurance policy? >- Did you (the parents, grandparents, aunts, and uncles) purchase insurance for the newborn in your family? If not, consider purchasing a Single Premium Whole Life Insurance - one payment for life and cash value increases each year the certificate is in force - or any of the permanent-type insurance plans we offer. You should carefully assess the changes in your life to see what impact they have on your insurance policy. To report any changes, please call your local representative or the Home Office at (202) 328-2630. Please remember that accurate and complete information is your best protection. Additional life insurance with no medical exam is "offered in conjunction with our 100th anniversary. We have extended this offer of $3,000.00 extra Whole Jl Life insurance to our membership. Members who wish to add extra insurance to their present policies, please call your local agent or the Home Office at (202) 328-2630. Endre Csornán, Secretary
