Verhovayak Lapja, 1937. július-december (20. évfolyam, 27-53. szám)

1937-11-25 / 48. szám

PAGE 8 November 25, 193? REAL INDEPENDENCE On the Fourth of July we always celebrate the anni­versary of our American In­dependence, and it might be very fitting that we should consider what is actually meant by real independence. How can the average indi­vidual plan to assure him­self that he and his whole family are positively inde­pendent? After all, no one can ever become truly inde­pendent. The farmer must always depend upon the manufacturer just the same as the manufacturer depends upon the farmer. The employer and em­­ployee. will forever be com­pelled to depend upon each other. Neighborhoods should most willingly -con­tribute very liberally to the proper support of their re­spective churches which cer­tainly are absolutely neces­sary for the common good of the entire community. The whole family depends upon the father to provide them with home, food and clothing and procure for each of his children a satis­factory education. The wise father sees to it that he secures a sufficient amount of Level Premium Life Insurance while he is still able to obtain the same. Only by doing this, can he be at all certain, or positive, that his dependents will not be compelled to seek chari­table donations after he has been, suddenly or otherwise called to meet his almighty God, to give a full and exact account of the manner in which he had planned for his family to be properly pro­vided for, after his untimely death. Charity with Independence I recently heard an Inde­pendence Day address in which it was said that Inde­pendence should always be considered with a proper de­gree of Charity. Selfish­ness can never be properly linked up with Real Inde­pendence. Every mank heavy responsibilities pre­vent his becoming really and truly independent as long as his selfish meanness permits him to postpone and delay his becoming fully insured until it is utterly impossible for him to obtain life insur­ance at any price whatever. Life insurance gives the father the quality of actual independence. No matter how often he moves his resi­dence from one city or place to another, he can easily carry his life insurance with him. The very mom­ent he makes his first pay­ment of dues to his society, he has immediately increas­ed the value of his estate, and he has positively desig­nated and named the person who is to recieve this addi­tional benefit. Wills are often made to be broken and fought about in our Courts of Justice. Real Estate cannot be carried from one place to another. Your Life In­surance never needs an agent to find tenants, col­lect rents, pay taxes or make necessary building repairs. You may never collect a penny of Fire Insurance, be­­cuse there is no certainty that your house will ever burn down. No matter how long you may pay your pre­miums for Sick and Acci­dent Benefits, you may never have occasion to col­lect any claim on account of your becoming disabled. It is entirely different when you consider Life Insurance. While the YOUNG MAY DIE, the OLD must even­tually, sooner or later, reach the day when he draws his last breath of air and every Life Insurance Company and Society should always be prepared to pay all Insur­ance claims for each and every member, because the beneficiaries are sure to col­lect claims in full for all who have continuously paid their dues until the death of the insured or the maturity of the membership certifi­cate. Level Premium Life Insurance When your life insurance is based upon the Level Pre­mium American Experience Table of Mortality Plan, yottf dues are actually being DEPOSITED, or SAFELY INVESTED, rather than SPENT or PAID OUT, for the reason that you are turn­ing over to the Society suf­ficient dues to provide for Non-Forfeiture Option Val­ues, such as Premium Loan Values, Cash Surrender Val­ues, Paid-up or Extended In­surance Option Values. The really independent father never needs to worry as to whether he may lose his job, employment or posi­tion as soon as he becomes disabled or old and decrenit. If he carries Level Premium Life Insurance, as explained above, he always has the op tion of borrowing on his cer­tificate reserve, when neces­sary, to continue his pay­ment of dues. He may continue these loans until he has exhausted the amount of the Cash Loan Value of his Member ship Certificate. Every cer­tificate issued by Verhovay Fraternal Insurance Asso­ciation is based upon the Level Premium Plan, Ameri­can Experience Table of Mortality, and on the back of each and every Verhovay Membership Certificate should be found the table of non-forfeiture option values increasing with the number of years the certificate may be in force. Dividends VERHOVAY pro­vides for reserves with in­surance at the actual cost of the same by making annual dividends or refunds when the amount of the surplus of assets over liabilities and reserves permit same to be paid to the members. Ver­hovay uses this Level Pre­mium Basis to provide for sufficient Certificate Re­serves during the younger ages to safe-guard the mem­bers against their dues or rates being increased as they become older. After three full years dues have been paid, Loan Values, when necessary are granted upon the request of the member to make future payment of dues or for other purposes. Some day, sooner or later, your Verhovay Life Insur­ance Certificate MUST EVENTUALLY MA­TURE, and your loved ones will forever bless you for your generous thoughtful­ness in providing sufficient life insurance while it could still be secured. Your hap­piness in your future home will surely be so much the greater when you remem­ber that, while still upon this earth and in fairly good health, you grasped the truth of the statement that life insurance level pre­miums are actually invested by the member and never spent, for in almost every case the company or society must eventually return to the insured, or beneficiary, far more than the member ever deposited with the so­ciety while he still lived on earth.------o-----­Step-rate Life Insurance Years ago before mortal­ity tables were calculated, life insurance was written on the principle that each year should take care of its own claims, and dues were based upon the number of deaths occurring in the pre­vious year. Many of our Fra* ternals learned through most bitter experience the utter foolishness of having their members pay only enough dues to meet the actual cost of their insurance each year. As the members became old and unable to obtain further employment or work any longer, their dues always be­came so SKY-HIGH that they had to lose all that they paid in, and then get no in­surance in return, because =Verhova)'Journal= they could not possibly pay these terrifically high dues, and the societies had not created sufficient reserves to permit loan values or pre­vent the dues from climbing up and increasing higher and higher each and every year. No matter how long a member may belong to a Step-Rate Life Insurance Society, he must always pay the amount of dues each year he would be charged if he had just joined in that particular year as a new member. One very large Step-Rate Order, whic appeals, in particular, to our foreign* speaking and negro popula­tion, has filed a schedule of their premium rates with the. Pennsylvania State Insur­ance Department. Each and every year the mem­ber’s dues are increased. The NET MORTUARY (Death Benefit) dues show very much larger increases in the older ages than in the younger. For every Dollar ($1.00) dues the member p(ays at age 20 to the death benefit fund, he must pay $1.50 at age 42; $2.00 at age 48; $3.00 at age 55; $4.00 at age 59; $6.00 at age 64; $10.00 at age 70; $27.00 at age 80, etc. Just think and consider what this means. In order to save a few pennies while he is still young and earning wages, he agrees to pay very many times as much dues when he has become old and loses his job, and his high priced certificate never has sufficient reserve on which a loan value might be based. When I consider that over 100,000 of our Foreign- Speaking and Negro popula­tion belong to one of these step-rate orders, I must ad­mit that P. T. Barnum, our great American showman, was surely right when he made these two statements: 1. — The American people are never satisfied unless they are being fooled. 2. — A fool is born every minute. Step-rate life insurance should never be considered along with Real Indepen­dence, except, to issue a most solemn warning against it. This warning was given at Pittsburgh, Pennsylvania, by our Pennsylvania State Insurance Commissioner, Honorable Owen B. Hunt, in an address he delivered on the fourth of June, before the annual session of the Pennsylvania State Insur­ance Federation. He refer­red to those societies “THAT CANNOT SEE BEYOND THE LENGTH OF THEIR NOSES.” Most of the complaints which he received daily against fra­ternal socities were sent by the older members who car­ried their insurance on thia most absurd and foolish an­nual renewable or step-rate premium payment plan and whose premiums are now (already) of staggering di­mensions. He told of a complaint from a fraternal step-rate policy holder who had only $500.00 dollars in­surance protection and had already paid the society $830.00 dollars in premium. This year he will have to pay $46.00 dollars dues and the rate will continue to rise higher and still higher each and every year. LATEST JOKES Show me some of^your latest jokes!“ HUMOR EDITOR: “Oh, shucks, you will only laugh at them!“-----o----­Bill and Frank were making their first trip across the ocean, last July. Bill soon found his sealegs, but Frank was less for­­tunate, and he was forced to re­turn to his cabin. After a while, Bill burst in up­on him. “Come on, Frank!“ he shouted joyously. “There's something outside that I want to show you!“ “What ... what is it ?“ he asked. Frank! ’ said Bill, “it’s a most wonderful sailing-ship!“ His friend Frank turned over on his side and uttered another groan. “I don’t want to see a ship,“ he returned. “Call me when you see — A TREE!“ LET JOY BE CONFINED IN THE HONEYMOON PERIOD! • • • • There had been a big family row; the police had been called; Mr. Nagy was hauled into police court for beating his wife. The magistrate rebuked him severly. “You ought to be ashamed of yourself,” his Honor began, “as­saulting your wife like that. I never saw. a nastier black eye! Do you know of any reason why I should not send you to prison?“ “If you do,” answered the de­fendant, “it will break up our honeymoon!“-----o----­. . . AND DON’T FORGET! . . . NO LINE OF BUSINESS RE­QUIRES MORE TACT THAN THAT OF SALESMANSHIP The old commercial traveler we relating his experiences to a young man. “And don’t forget,” he said, “never try to sell an ENCYCLO­PEDIA to a bride!” “Why not?” asked the young man. The older man smiled cynically. “She always thinks her husband knows everything!” DOCTOR: “My dear lady, I am afraid you are mistaken! I admit I am a doctor, but a DOCTOR OF MUSIC.” OLD LADY: “I know that, in fact that is why I came to see you. I am having an awful singing in my ears!” WHY DELAY? Procure Double Indemnity Insurance immediately.

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