Verhovayak Lapja, 1941. január-június (24. évfolyam, 1-26. szám)

1941-06-12 / 24. szám

INTRODUCING . . . Betty Carol Balega Miss Balega, as our read­ers, especially the women and girls, well know, is the editor of the Ladies’ Page, which appears regularly with the first issue of every month. In addition to this unsel­fish task which she has voluntarily imposed upon herself, Miss Balega fre­quently makes other note­worthy contributions, among them fine poetry and inter­views with notables. Her close contacts with fashion and cosmetic ex­perts, her repeated trips to New York, her careful re­search work, all attest con­clusively to Miss Balega’s enthusiastic and wholeheart­ed interest in the English Section Verhovay Journal. Miss Balega has been as­sociated with the Journal since April, 1940. Miss Balega’s worthy ef­forts are a definite asset to the Journal, and it is with deep pleasure that we re­cognize her as one of our top-ranking contributors. TO OUR CONTRIBUTORS The English Edition is pub lished the SECOND and LAST Thursdays of every month, and the Saturdays IMMEDI­ATELY preceding them are considered the closing dates for contributions. Contributions intended for the June 26th issue should be in before or on June 21st. No assurance of publication in particular issue can be given for material received after that date. Address contributions to ENGLISH SECTION, VERHO VAY JOURNAL, 345 FOURTH avenue’, PITTSBURGH, PA ★ What is June 14th? It’s more than just a summer day... it’s a day of reflec­tion ... a day for thinking of cur country and its advan­tages. June 14th is Flag Day, when you can show your pa­triotism by displaying the colors before your home or business. Current conditions make our flag and its day more significant than ever ... remember Flag Day. WILL THEY REPEAT PARENTS’ MISTAKES? In every community there are older men who have ex­perienced financial reverses and who are now struggling to eke out a living in their declining years. They haven’t the energy or the ingenuity they once had to recoup their fortunes. Thfey have given up their Lincolns and are having a difficult time to maintain their Fords. They are men with pride so it is not easy for them to accept help from their chil­dren, even if its forthcoming. It is too late for life in­surance men to do much for these older men now. If they had only stuck to life in­surance in the lush twenties instead of listening to the 10 percent on your money sirens, they could face the future with fortitude and satisfaction. But most of these men have children, men and wo­men in the prime of life. They are saddened by their parents’ plight and many of them are firmly resolving not to repeat the mistakes of these once prosperous patriarchs. It is these chil­dren who the life insurance man can help today. He can show them how by making I a small sacrifice today in form of life insurance pre­miums, they in turn won’t have to be dependent upon their children tomorrow. SPECIAL NOTICE Some contributors have been waiting until the last minute to send in | their contributions. This delay may prevent J articles from appearing in j the issue for which they j were intended. Kindly send in your contributions as early as | possible — even before the deadline—for “first come first served.” SPECIAL NOTICE TO THE CONTRIBUTORS All contributions intended for the first issue in July, that is, the July 10th issue (which follows the next issue of June 26th), must be in between the dates of June 24th and July 3d. Contributions arriving after those dates shall be reserved for the second issue in July. Kindly send in your contributions for the July 10th issue as early as possible between June 24th and July 3d. Explanations of Juvenile Endowment at Age 18 SENIOR 20 YEAR PAYMENT Yz ENDOWMENT % PAID-UP LIFE The following is an explanation of the two new classes of insurance the Verhovay Fraternal Insurance Association is offering to its membership, namely, Class II-J, Endowment at Age 18. for the Juvenile members; Class G, 20 Year Payment Endowment and yz Paid­­up Life, for the Senior members: The Juvenile Endowment at Age 18 certificate is dif­ferent from any other class now issued to Juvenile mem­bers, regardless of the age joined, and at maturity date the face amount of the certificate will be paid in cash to the member. If the member dies before maturity, the benefit will be paid to the designated beneficiaries. This plan also entitles the person in control of the certificate, if three years dues have been paid, to a cash value, a paid-up endowment value, payable in cash on the maturity date of the certificate, or an extended insurance value which will be carried to the maturity date of the certificate for face value. If the cash value is more than sufficient to carry the extended insurance beyond the maturity date, then the excess will be paid in cash on the maturity date to the member, if living. The Juvenile Endowment at Age 18 certificate is a boon to children—and to parents and guardians. Unless there is wealth, it is about the best means parents can take to assure their children the advantages of a higher education, which is so important in a world that is be­coming harder and harder to live in—economically. It is a high act of parental love and devotion to prepare years in advance for the welfare of their children. In addition to this, the Juvenile endowment certificate can be used for purposes other than education, too numerous to mention. PARENTS AND GUARDIANS SHOULD LOOK INTO THIS. The Senior 20 Year Payment Endowment and Paid-up Life certificate is also different from any other class now issued to Senior members, in that it is a com­bination of a 20 Year Payment Life and a 20 Year En­dowment certificate. Members of this class will pay dues for only 20 years and, at the end of that time, the face value of the certificate will be paid in cash to the member, and the other y2 will be paid to the bene­ficiaries at death. If death occurs prior to the 20 year dues paying period, the face amount of the certificate will be paid to the beneficiary. After three years dues have been paid, the member is entitled to a cash value, a paid-up value, or extended insurance value. However, if a member selects a paid-up value, y °I same will be paid on the maturity date and the other yz at death. Extended insurance of this class is quite different from any other class, in that it entitles the member to term insurance, paid-up life insurance and cash, depend-« ing on the number of years dues paid. If the term for extended insurance does not go beyond the maturity date of certificate, than the member is insured for the face value for that period of time only, and in­surance ceases. If the term for extended insurance does go beyond the maturity date of the certificate, the ex­cess of such term is converted into paid-up life insurance payable at death, and the difference between the paid­­up life insurance and the face value of the certificate is carried as term insurance to the maturity date of the certificate only. If the paid-up life and term insurance together exceed the face value of the certificate, then

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