Verhovayak Lapja, 1949 (32. évfolyam, 1-12. szám)
1949 / Verhovay Journal
PAGE 4___________________________________Verhovay Verhovay Journal Journal of the Verhovay Fraternal Insurance Ass’n. OFFICE OF PUBLICATION 7907 West Jefferson Ave.___________Detroit 17, Mich. PUBLISHED MONTHLY BY THE Verhovay Fraternal Insurance Association Managing Editor: JOHN BENCZE Editor: JOHN SABO Editor’s Office: 436—442 FOURTH AVENUE PITTSBURGH 19, PA. Telephone: COurt 3454 or 3455 All articles and changes of address should be sent to the VERHOVAY FRATERNAL INSURANCE ASSOCIATION 436—442 FOURTH AVENUE PITTSBURGH 19, PA. SUBSCRIPTION RATES: United States and Canada ....................................... $1.00 a year Foreign Countries ....................................................... $1.50 a year Entered as Second Class Matter at the Post Office at Detroit, Michigan under the Act of March 3, 1879. Anniversary Banquet At Chicago Br. 5Ö3 — Tenth Anniversary To Be Observed On January 22nd At * Northwest Hall. — Branch 503, known as the “Hungarian Young Peoples’ Club of Chicago”, will observe its 10th anniversary on Saturday, January 22nd, at a banquet to be given at the Northwest Hall, 2408 VV. North Avenue, beginning at 8 P.M„ A real old-fashioned Hungarian style pork-dinner (disznótoros vacsora) will be served on this occasion. The popular KOVÁCS AND SUTO Magyar orchestra will furnish the music for the anniversary celebration. All members of Branch 503 are requested to kindly cooperate and attend the banquet in order to make it an affair worthy of the occasion. The Verhovay branches in Chicago and vicinity are cordially invited and it is hoped that many of the members of these branches will honor the Branch 503 anniversary by their presence. FRANK BALOGH, Manager. New Rates Afford Savings On Higher Amounts Of Insurance A complete exhibit of all Verhovay insurance classes with illustrations of the new monthly dues applying to various age groups appears on the last page of this edition. In view of the fact that the previous publication of a similar display resulted in numerous inquiries on the part of prospective members as well as members desiring to purchase additional insurance, this exhibit will be reprinted at intervals in order to keep our membership informed of the great variety of Verhovay insurance plans. The attention of those studying the description of the various membership classes is called to a particularly important feature. We refer to the substantial reduction in the cost of insurance for amounts in excess of $1,000, as revealed by the examples of the rates on $2,000 insurance in each of the classes described. In the past, the cost of a $2,000 life insurance certificate was twice that of a $1,000 certificate. Due to the adoption of a new method in calculating the ‘loading’ (expense) element on each certificate, this method of computing the rates has been changed and as a result, the cost of a $1,500 insurance certificate is less than one and one-half times the cost of a $1.000 certificate and the cost of a $2,000 insurance certificate is less than twice that of a $1,000 certificate. In other words, the more insurance an individual purchases, the less he will have to pay for each $1,000 of insurance protection. The substantial savings afforded to the purchasers of higher amounts of insurance is illustrated by the following examples. The annual rate for a $1,000 Twenty Payment Life (Class B.) certificate at the age of 25 is $32.79 (including the 60 cents per annum payable per certificate toward branch-management expenses). Payments for the entire 20 year period total $655.80. If the previously used method would be applied, a $1,500 certificate would cost one-half as much again as the $1,000 certificate, or 983.70. Actually, however, the new rate being $46.65 per annum (including the 60 cents as above), the total cost of a $1,500 certificate will be $933.00, affording a saving of $50.70. An even more substantial saving is effected if a $2,000 certificate is purchased. The rate for this certificate, at the age of 25, is $60.51 per annum (including the 60 cents toward branchmanagement expenses.) Total cost of this $2 000 certificate for Journal _______ NEWS From The Field TO THE CONTRIBUTORS AND CORRESPONDENTS The next edition of the Journal W'ill be published on Wednesday, February 16th, 1949. News items and brief announcements will be accepted for publication until closing date, February 9th. Articles and similar contributions for that issue must reach the editor’s desk not later than February 2nd. Contributions, if possible, should be typewritten, on one side of the paper only, double spaced, and not exceeding 800 words, or 4,000 spaces. Address contributions to Verhovay Journal, 436 Fourth Avenue, Pitts-' burgh 19, Pa. MAYNARD, O. Branch 5 ELECTIONS At our regular meeting held on December 19th the following officers were elected to serve during the coming year: John Kovach, President, Kalman Sabo, Vice-President, Frank Sabo, sick visitor, Julius Sh;yli, Manager, Box 188, Maynard, O. Again we remind all members having loans of long standing on their certificates to try paying their interest for the current year. It will be to their families’ advantage to take care of this obligation. IN MEMORIAM Bela William Sabo who was stricken on December 30th, 1946, by the Number 1 killer of mankind, coronary thrombosis, suddenly succumbed at Piney Fork, O., on December 9th, 1948, while gathering coal near the Hanna Coal Company tipple, for his family. Our deceased fellow-memher was born in Maynard, O., on November 8th, 1913. He was the son of Balint Szabó and his wife, the former Julia Kovach, and the foster-son of Coloman Sabo who, with his mother, preceded him in death in 1941. William Sabo was a naval veteran of World War II. Te enlisted in the U.S. Navy in January, 1944, and was discharged in December, 1945. He was a member of the American Legion Post at Piney Fork, O. He is survived by his widow, the former Grace Runyon, his son, Raymond, and his daughters, Janet and Sharon Kay, three brothers, Frank of Maynard, Joe of Bridgeport, O., and Louis of Detroit, Mich., and two foster brothers, Coloman and Ernest. He was laid out at the Watson Funeral Home from where he was removed to his brother’s, Frank’s residence. Here services were held on December 13th, at 2 p.m., the January 19, 1949 Rev. Theodore Hűbbel officiating. Internment was in the Union Cemetery, St. Clairsville. Ohio. It is difficult to find words for an obituary fitting the life and character of William Sabo, affectionately known as “Bill” to all his acquaintances. He was a lover of children and the little ones at Piney Fork and Maynard will always cherish his memory. They’ll miss him when fishing and swimming time will come again, for he used to pick them up in his truck until there was no more room left. We are certain that because of the love he had for the little ones, his reward will be great in the Kingdom of God, for our Divine Master once said: “Suffer the little children to come unto me and forbid them not, for of such is the Kingdom of Heaven.” All of us will miss him, but he will be missed most by his wife and three children, and his brothers. May they all find consolation in the firm belief that his soul found eternal rest in one of the heavenly Father’s many mansions that He has prepared for those who have practiced Christian charity in accordance with our Master’s teachings. On behalf of the membership of Branch 5, I extend my deepest sympathy to Mrs. Grace Sabo and her bereaved family in their irreparable loss. JULIUS SHADI, Manager. CARD OF THANKS We wish to extend our sincere thanks and appreciation to the American Legion and to all those who donated the use of their automobiles, sent flowers and assisted us in our great sorrow. Especially we thank the Rev. Theodore Hubble for his consoling message. MRS. GRACE SABO AND CHILDREN, AND BROTHERS. TRENTON, N..I. Branch 13 ANNOUNCEMENT The following officers have been elected by the meeting of Branch 13: President Frank Radvanyi, 2235 Liberty St., Charles Pentek Vice-President, Frank Vereb Recording Secretary, John Nemeth sick visitor, Stephen Vágott and László Dobos auditors. An important change has been effected in the management of the Branch by the election of ASSISTANT DISTRICT MANAGER EUGENE SZAMOSSZEGI, 35 Cummings Avenue, who is now in charge of the business of the Association at Branch 13 in all matters, such as the receiving of monthly dues, the handling of sick benefit and death benefit claims and the securing of new members. May I at this time wholeheartedly recommend Assistant District Manager Eugene Szamosszegi to the membership of Branch 13 and urge evecy member to cooperate Continued on page 5. the entire 20 year period during which payments are required, will be $1,210.20 according to the new rates, or $101.40 less tliarf, twice the rate of the $1,000 certificate. Further savings, in proportion, are afforded to those applying for three, four, or five thousand dollar insurance certificates. These provisions are in keeping v/ith the demands of our times. Due to the vast changes in our economic system, a One Thousand Dollar insurance certificate does no longer represent substantial protection. More is needed, whatever its purpose. For this reason it is highly advisable to start selling on a higher level, wherever practicable. That’s why the formerly fairly popular $250 unit of insurance protection had been discontinued by the' Verhovay. $500 is now the minimum. And those who have been used to thinking of insurance in terms of One Thousand Dollar units should now amend their thinking tc fit the changed conditions. No less than Two Thousand Dollars of insurance are needed today to do the work a One Thousand Dollar policy used to do ten years ago.
