Verhovayak Lapja, 1949 (32. évfolyam, 1-12. szám)
1949 / Verhovay Journal
PAGE 10 Verhovay COMMITTEES OF THE 7TH VERHOVAY NATIONAL BOWLING TOURNAMENT National Executive Committee ANDREW KOVÁCS, M.D., Chairman Vice-President, Verhovay F.I.A. 3809 Lorain Avenue Cleveland, Ohio RICHARD PHILLIPS, Director MIKE KOROSY, Director 7419 Park Avenue 646 So. Liberty Avenue Allen Park, Michigan Alliance, Ohio Bowlers’ 1950 Tournament Committee ANDREW BLASKO Captain, Branch 514, 384 25 N. Osborne St. Youngstown, Ojiio JOSEPH NAGY Captain, Branch 21 35 Willis Avenue Youngstown, Ohio STEPHEN MISLAY Br. 21 Sports Club, President Publicity 528 Dorothy Avenue Youngstown, Ohio Tournament Album Committee STEPHEN MATASY, Chairman Legal Counsel, Verhovay F.I.A, 704 Realty Bldg. Youngstown, Ohio Tournament Administration HENRY RETTMANN JOHN SABO Editor National Auditor Assistant Administrator Tournament Administrator VERHOVAY BUILDING — 436 FOURTH AYE. \ PITTSBURGH 19, PA. LAST CALL TO JOIN VERHOVAY FOR TOURNAMENT PRACTICIPATION IF YOLr are not a member of the Verhovay but would like to participate ' in the 7th Annual Verhovay National Frank Brogiey and Albert B. Ari Memorial Tournament on May 26-28, 1950, in Youngstown, Ohio, this is your last chance to take the step necessary for qualifications. In accordance with the 1st provision of the Rules and Regulations, entries will be accepted only from individuals, who are policyholders of the Verhovay Fraternal Insurance Association with certificates dated PRIOR TO JANUARY 1, 1950. It should be understood that joining the Association is not encouraged merely for the sake of participation in the National Tournament. Every young man and woman should have adequate life insurance protection. This is a universal need, a necessity of life that no one can deny without eventual loss to both himself and his family. \ erhovaris insurance plans, providing complete family protection on'"terms and conditions suitable to all life situations, stand on their own merits and require no special incentives to make them desirable. Membership in the Association is required for another reason. The major part of the funds needed to meet the costs of these national tournaments is raised by the Association, The Tournament Prizes alone, estimated to amount to about $5,000 in 1950, exceed the entry fees paid by the bowlers by a substantial sum. The difference as well as the costs of entertainment, the banquet, the dances, and many other important items, are raised by a cooperative enterprise participated in by members of the Verhovay. It is only fair, therefore, that only Verhovay members shall benefit from the proceeds of this enterprise. IF YOU are not a member of the Verhovay but would like to participate in the 1950 Tournament, do not hesitate further, but call your local Verhovay manager for the purpose of joining the Association. Be sure to specify that your membership certificate be dated DECEMBER, 1949. in order that you may be eligible to participate in the Tournament. Sooner or later you will purchase life insurance anyhow. Why not now, while it costs you less? Each year’s delay increases the costs of life insurance. You save money and you give your family the benefit of immediate insurance protection by applying for membership NOW. Remember — the deadline is December 31st, 1949! JOSEPH TURNER, JR. ’ Captain, Branch 21 134 Rhoda St. Youngstown, Ohio MRS. JOHN BARKÓ, JR. Captain. Branch 168 45 Benita Avenue Youngstown, Ohio STEPHEN NOVAK Captain, Branch 21 1150 Donation Avenue Youngstown, Ohio Prof: “Will you, please, explain the difference to me between shillings and* pence?” Frosh: “You can walk down the street without shillings.” A chip on the shoulder always indicates that there is wood higher up. It is the studying you do after your school days that really counts. Otherwise you know only as much as everyone else knows. Some of us who have open minds let the wrong kind of stuff get in. Journal December 21, 1949 WHO IS YOUR BENEFICIARY? Altered Family Relations Require Immediate Change of Beneficiary. — The beneficiary named on an insurance contract is usually the person most Intimately related to the insured. As a rule, dependence is one of the distinctive characteristics of this relationship out of which arises the legitimate claim to death benefits if, due to the death of the insured, the beneficiary should suffer economic and emotional loss. Changes In Family Status The person properly named beneficiary on a juvenile contract is the one who provides for the child, that is one or both parents. If the parents should die, a change must be made to designate the person taking the parents’ place in caring for the child. This does not mean, however, that as long as the parents are alive, they will always remain the beneficiaries. When the child becomes an adult, certain changes take place in his family relations which must be followed up in regards to the eventual disposal of the death benefits. Both in intimacy and dependence, the relationship of husband to wife and vice versa takes precedence over that of child to parents. Husband and wife depend on each other, they belong to each other. It follows that they are morally obliged to make provisions for each other’s protection, especially if the parents are financially independent. Failure to do so may have tragic consequences like in the case of a young woman whose husband died before remembering to change the beneficiary named on his policy from his parents to his wife. The parents of the husband were well off, they didn’t need the money, but they could never overcome their dislike for their daughter-in-law. So they took the money to which, according to the last will of the deceased as expressed in the designation of the beneficiary, they were entitled. The unfortunate widow, with a child only a few months old. was left without a penny. What little money she and her husband had saved during their brief marriage, went for hospital and undertaker’s bills. Yet the parents could not be induced, even for their own grandchild’s sake, to help their son’s widow in her desperate need. Such cases may be exceptional, but nevertheless, they do happen . . . It did happen, too. the other way around. There was a young husband whose wife fell victim to a fatal illness. He faithfully cared for her, provided for the best medical aid available, paid the hospital bills and, in the end, the funeral expenses. It developed only then that his wife had failed to change the beneficiary on her policy which she -had purchased a few years previously and paid for out of her earnings. The money went to the wife’s mother who happened to be a well-to-do woman. But she kept the money. She never liked her son-in-law and she felt that being a man he’ll get along without it. And so he had to get along, burdened by debts and the responsibility of caring for their two little children, with whom their grandmother “couldn’t be bothered.” Strange? Indeed, such an attitude is strange, to say the least. Still, things like that have happened and will happen again ... 0 FILIAL DUTIES Of course, it is different if one of the parents, perhaps a disabled father, or an aged mother, or both, are dependent on their child. Under such conditions a son, or a daughter, cannot deny the filial obligation which clearly demands that some provision be made for the dependent parents in the event their provider should die. In such cases, however, the only solution is to leave some insurance to the dependent parent, or parents, and to take out additional insurance for the benefit of the husband, or wife, as the case I may be. SURVIVOR’S PROBLEMS If the husband or the wife I dies, what happens to the in- i surance contract of the survivor? Who should be designated beneficiary?. Obviously, the children. The widowed father or mother actually cannot do anything else, that is as long as the children are of tender age. Because if the survivor, too, should die, the costs of caring for the orphaned children will have to i come from the proceeds of the insurance policy. (Insurance proceeds left to minors are held in trust and are released only upon orders and under the supervision of the Orphan’s Court.) On the other hand, the situation is altogether different if all of the children have grown up by the time the surviving parent dies. In such cases the surviving parent usually made his, or her, home with one of the children. This one child provides for the surviving parent, takes care of Ms, or her, (Continued on page 11)
