Verhovayak Lapja, 1949 (32. évfolyam, 1-12. szám)

1949 / Verhovay Journal

Elections of the Branch Officers

(Continued from page 6)

lidays Cove.) President Joseph Lipan, 4120 Washington St., Cove Sta., Weirton, W. Va., Manager Joseph Duruttya. 4151 Ferry Rd., Cove Sta., Weirton, W. Va.

351.) EAST ST. LOUIS, ILL. — President John Schutzenhofer, R.R. 1, Ruby Lane, Caseyville, 111., Manager Stephen Papp, R.R. 1, St. Clairs Hill, Box 228, Caseyville, 111.

361.) CLEVELAND. O. — (Women’s Branch.) President Mrs. Joseph Domokos, 11916 Parkhill Ave., telephone WA ^336, Manager .Mrs. Emery Gal, 2781 Ambler Ave., telephone SW 4749, Cleveland 4, Ohio. Meetings held on first Sunday of month at Verhovay Hall.

363.) GRANITE CITY, ILL. — President Stephen Eck, Edwardsville,

111., Manager Elmer Z. Kozma, 1805 Maple St., Granite City, 111. *

366.) CLEVELAND, O. — District Manager: Bertalan SzilLgyi, 8637 Buckeye Rd., Cleveland 4, O.

373.) WHEELWRIGHT, KY. — Manager Alexander Szabó, Box 271, Wheelwright, Ky. Meetings on first, Sunday of month at Manager’s home.

403.) PORT HURON, MICH. — Manager Joseph Hock, 3316 — 26th St.

417.) TRENTON, N. J. — President Edward Lukacs, Jr., 634 Grand St., District Manager Frank J. Cher, 1041 S.* Broad St., Trenton, N. J. Meetings held on first Wednesday of each month at the Trenton Hungarian Home.

424.) N. TARRYTOWN, N. Y. — President Alexander Ivan, 18 Kendall Ave., Manager William Rakaczky, 16 Clinton St.

433.) UNITED, PA. — Manager Joseph Bann, Jr., R. 36, Nor veit, Pa.

443. ) DETROIT, MICH. — President Michael Burdohan, 210 Fortune St., Manager Joseph Szabó, 9089 Lyon St., Detroit 17, Mich., Vice- President Stephen Szalay, recording secretary Stephen Nagy, comptroller Charles Berghoffer, auditors Coloman Vizsi, Stephen Csabi, sick visitor George Sajtos, official physicians: Nicholas Gaídonyi M.D., Emory Stein, M.D., W illiam Lovas, M.D., and Dr. Kohn. Meetings on first Sunday of March, June, September and December. District Office at the former Verhovay Home, Room 12, 8005 W'est Jefferson Ave.

444. ) WALLINGFORD, CONN. — President John Balogh, 227 S. Orchard St., Manager Mrs. Alma Bayne, 56 Pine St., Walingford, Conn.

447.) DAYTON, O. — President Andrew Vadas, 18 Macready Ave., Dayton 3, O., Manager Joseph Czeiszperger, 1627 Mack Ave., Dayton, O. — Meetings on first Sunday of each month at Leo Sopronyi’s establishment.

452.) COLLIERS, W. VA. — President Mrs. Dennis Palfalvy Jr., Manager Dennis Palfalvy, Sr., R.D. 1, Colliers, W. Va.

475.) MILWAUKEE, W IS. — President Mrs. John Weger, 1213 N. 14th St., Manager Mrs. George Weger, 1402 W. Juneau Ave., Milwaukee, Wis.

478.) BOBTOWN, PA. — Manager Mrs. Lewis Bodnar, Box 124.

480.) CALDWELL, N. J. — Manager George Vadas, Jr., 31 Washington Ave.

482. ) BECK LEY, W. V A. — President Louis Gall, Glen Daniel, W7. Va., Manager Steve Abraham, 1105 So. Oak wood Ave., Beckley, W. Va.

483. ) COLVER, PA. — President George Mutter, Manager Joseph Bolgár, Box 95, Colver, Pa. Meetings on third Sunday of each month at Manager's home.

December 21, 1949

THE TIME TO BUY A LARGE POLICY

— 1 he young man in his early twenties is the one to purchase a large amount of life insurance. —-r-------------------Verhovay Journal----------------------Young- men, especially if they are single, are noted for their reluctance to give serious thought to buying a large amount of life insurance. Even though their earnings usually are far higher than their legitimate obligations, a situation which is reversed as soon as they get married, they shy away from the suggestion of investing a modest portion of their earnings in a sound life insurance program.

The main reason for this attitude seems to be that single men spend more for personal enjoyment than married men. In fact, young people generally have more demands than the middle aged. That’s why the young- single man is usually broke even though he may not be tied down by responsibilities like the father of a family of the same age.

However, even while young, most, men admit that sooner or later they are going to assume the responsibilities their fathers had assumed before them. And if they would give just a little thought to the matter, they would realize that by laying a foundation before these responsibilities start they may not only save themselves a lot of hardships but they would certainly assure themselves of a mors enjoyable life later on, without detracting much from the fun they may have while free of marital obligations.

As a rule, a father and husband of 35 will be quite willing to apply for, let’s say, a $5,000 Twenty Payment Life Insurance contract, because once he becomes aware of his responsibility for wife and children, he’ll want to provide for them and he’ll realize that, if he should die,

85,000 in insurance benefits would be no more than the very minimum required by his widow and children. In fact, it would be far less than the minimum needed if they could not count on group insurance and social security benefits in addition to his, own personal insurance proceeds.

The fact is, however ,that if he had applied for this insurance contract ten years sooner, at the age of 25 when he was still single, he would hardly have missed the payments at that time and both he and his wife would have been better off during the years that brought increased responsibilities.

A young man of 25 will pay for

487.) WINDSOR, O. — Mrs. Val Czomba, R.D. 1, Windsor, O.

490.) ELKHART, IN'D. — President Matthew Horvath Sr., 1556 So. Main St., Manager Matthew Horvath, Jr., 2024 Morton Ave.

496.) CASS CITY, MICH. — Manager Louis Franks Jr., Route 2, Cass City, Mich.

499.) HARRISBURG. ILL. — President Joseph Gall, 121 So. Shaw St., Manager William Kovach, 24 So. Shaw St. Meetings on second Sunday of each month at Manager’s home.

517.) UAIRNBROOK, PA. — President Michael H-ari, Manager Mrs. Louis Udvari, Box 87, Cairnbrook, Pa. Meetings after the 20th of each month at Manager’s home.

519.) McVEIGH, KY. — Manager Alex Grimet, Box 203.

531.) DETROIT, MICH. — President Charles Mester, 2026 East Davison, (Zone 12), Manager John Gaz- i dag, 1529 Glendale Ave., Detroit 6, Mich. Meetings on third Sunday of each month at Manager’s establishment.

533.) BARBERTON, O. — President Frank Brand, 2 ‘D’ St., Manager

a $5,000 Twenty Payment Life Insurance contract at Verhovay’s present rates for $13.28 per ‘month. The policy will be fully paid by the time he reaches the age of 45 and the contract will remain in force to the end of his life.

On the other hand, the dues for a man of 35 for the same contract are $16.04, that is $2.76 per month more than the premium at the age of 25. By delaying- the purchase of this contract to the age of 35 a man will increase the cost of the protection and the burden of the increased cost will have to be borne at a .time when his obligations are heavier. And the dues will have to be paid until he reaches the age of 55 which means that he will have to carry this particular burden throughout all those years during which the needs of growing- children make the greatest demands on his resources.

Speaking of resources, a man by purchasing such an insurance contract at an early age, makes funds available for the time when the need for extra funds may arise. Marriage, among many things, involves the furnishing of a home which is, actually, a continuous process, the subsequent arrival of children and various other circumstances the costs of which always are difficult to meet from current earnings. If a young j man of 25 purchases a 85,000 Twenty j Payment Li^ contract, he will accuj mulate during the following years I a substantial reserve for later emer- I genc-ies. At the age of 35, for instance, this policy will have a loan value of $1,080, an amount certainly [ large enough to help the family over ; any emergency. By delaying the pur- J chase of this contract until the age I of 35, a young man would deprive himself of such reserves and, as a ! result, a major emergency may easily render him utterly helpless.

Reference was made above to the lower cost of insurance protection purchased at an early age. This is particularly evident if we consider the total amount of savings over the entire period of dues payments. If paid by the month, the sum total of all dues over the entire period of 20 years will be 83,187.20 for a $5,000 Twenty Payment Life contract purchased at the age of 25. But if he purchased at the age of 35, the sum total of the dues payable over the 20 year period will be $3,849.60. The

John Kamanv, 198 First St., N.W. Barberton. O. Meetings held on third Sunday of month at Manager’s home.

535.) NEW KENSINGTON. PA. — Manager John ßalla, 548 George St. Meetings held on third Sunday of month at Manager’s home.

538.) BRAEBURN, PA. — President Fred Suci, Box 11, Manager Joseph A. Manna, Box 24, Braeburn, Pa.

555.) MARTIN, PA. — President Julia Padár, Manager Peter Padar,

P.O. Box 17, Leckrone, Pa. Meetings on 4th Sunday of each month at Leckrone No. 7.

562.) SALINA, PA. — President Frank Merger, Manager John Galo, Box 176, Salina, Pa.

566.) FARMINGTON, W. VA. — Manager John A. Hornyak, P.O. Box 553, Farmington, W. Va. Meetings held on third Sunday of month, at Manager’s home.

571.) EASTON, PA. — President Thomas Deutsch, 13 Limekiln Rd.. Phillipsburg, N. J., Manager Louis Vincze, Box 526, Easton, Pa.

— To be continued in next isue. —

PAGE 1

savings effected by the purchase of the contract at the age of 25, instead of the age of 35, is $662.40.

(Of course, further savings may be realized by paying the dues annually. In that case the total cost, of this plan for a 25 year old man would be $3,007.80 as against the total cost for a man of 35 of $3,- 632.20.)

Obviously, whichever way we look at it, the wise course is to purchase a large amount of life insuance at) the earliest possible age. A young man, gainfully employed at today’s prevalent wages, can hardly plead inability to pay the dues of $13.28 per month, a little over 44 cents a j day, or a little over $3 per week. The ! small pleasure to be gained from being able to spend these three dol- I lars a week certainly isn’t worth i the loss of the 8662.40 that he could save by not delaying the purchase of ! this contract until the age of 35.

I In some instances, of course, a 1 25 year old young man may find it impossible to pay $13.28 for such a contract. In that case he would still; be better off by buying an Endow! ment At Age 85 in the amount of j $5.000 than if he were to delay the purchase of a large insurance conj tract for some future date when in- I creased responsibilities probably I would make it even mere difficult Í for him to secure adequate insurance j protection. At the age of 25 the Endowment at Age 85 contract for j $5,000 would cost him only $8.26 per month, while the same policy if purchased at the age of 35, requires ! the payment of $11.04 per month. In ! other words, this contract, if purj chased at the age of 25, will afford i $5,000 of insurance protection for I a little more than $1.90 per week. It. would take a man 50 years to save $5,000 by setting aside $1.90 each week. But how many 25 year old i men will live until 75? And how many of them will be able to set. aside $1.90 per week to the end of the 50 year period?

The best time to buy a large insurance policy is at an early age. The sooner we start, the better off we will be. Every young man’should Í seriously consider applying for a large amount of insurance immedi- Í ately upon entering gainful employ! ment, even if he should not intend j to marry atr an early date. Sooner ; or later he will do so, anyhow, and then both he and his wife will be i thankful for his forethought.

In fact, every girl will think more of a man who already carries a substantial amount of life insurance than of one who does not. The ownership of ; a substantial life insurance estate I is a sign of responsibility and de! pendability. It inspires confidence and I respect. It is proof of adult think- I ing and manliness. Employers, banks, creditors and businessmen, too, Jiink more of a well-insured man than of a poorly insured man. They consider him a good business risk just as ihe ; girls consider' him a good marital j risk.

Life insurance is a good thing to I have.

And it’s a good man who has it.