Fraternity-Testvériség, 2000 (78. évfolyam, 1-4. szám)
2000-07-01 / 3. szám
FRATERNITY Page 13 JUVENILE INSURANCE Important Questions and Answers about Children and Life Insurance Why purchase insurance on a child? First, the premiums are much more affordable. The younger the child, the less the premium. Second, it gives your child guaranteed insurability in the future when converting a term policy into a whole life policy. With these privileges, your child’s future is protected. Do premiums increase? No! Premiums remain the same for the life of the policy type you purchase. When does coverage begin? As soon as the Home Office receives and approves the application and your policy is issued. When should I apply? Right now. The younger the child, the lower the premium. What are the benefits for my child if he/she becomes a member of the HRFA? Your child will be eligible for financial aid for approved summer camps. Student scholarships are also available to young adults entering higher education programs, both academic and vocational. Can the policy be cancelled? No! The policy cannot be cancelled by the HRFA except for non-payment of premium. What types of insurance coverage are available? The three most popular plans are listed on the right. Other plans are also available. Compare these Rates for Our Most Popular Juvenile Plans: Juvenile Term Age $1,000 $5,000 $10,000 Issued: 1 N/A 10.00 17.50 6 months to 17 years Terminates: 5 N/A 10.00 17.50 on Anniversary 10 N/A 10.00 17.50 nearest 25th birthday 15 N/A 10.00 17.50 *annual rates Single Premium Whole Life Age $1,000 $5,000 $10,000 Issued: 1 71.00 355.00 710.00 0 to 80 years of age 5 76.00 380.00 760.00 Benefit: 10 87.00 435.00 870.00 Immediate cash value 15 102.00 510.00 1020.00 *onetime premium payment rate 20 Payment Life Age $1,000 $5,000 $10,000 Issued: 1 6.25 31.25 62.50 0 to 80 years of age 5 6.98 34.90 69.80 Benefit: 10 8.20 41.00 82.00 Cash value 15 9.63 48.15 96.30 *annual rates Reasons for Purchasing a .Iuvenile Policy: The younger the child, the lower the premium. Premiums remain unchanged over time. Guaranteed insurability on conversion from term to whole life plans. Policy cannot be cancelled, except for non-payment. Membership means eligibility for student loans, scholarships, and fratemal/cultural activities. Call your local agent or the Home Office toll-free at 1-888-KOSSUTH (567-7884) for more information today! V________________________________________________________________________________)
