Verhovayak Lapja, 1950 (33. évfolyam, 1-12. szám)

1950 / Verhovay Journal

i

PAGE 2

Verhovay Journal

January 18, 1950

New Type Juvenile Insurance Contract

(.Continued from píig'e 1)

full face amount is payable if death should occur at age 5 or thereafter, excepting the states of New York and Virginia where full benefits are payable only if death occurs at or after the age of 10.)

Generally speaking, there are two basic plans for life insurance. One, the low cost plan, provides for insurance protection only, that is, the policyholder creates an estate that will be payable to his beneficiary, or beneficiaries, upon his death. During his lifetime, however, the face amount of the policy will not be available to him, only the so-called non-fo.rfeitu.re values which are always lower than the face amount of the policy. The other basic plan, which calls .for the payment of higher premiums, provides for insurance protection for a limited tihreC like 20 or 30 years, or up to .age 60 or 70, upon the attainment of which the full face amount becomes payable to the member. This is essentially a guaranteed savings plan, the most important advantage of which is that the amount designated as the aim of the plan is guaranteed from the time the first premium payment is made, so that if the policyholder should die at any time prior to maturity date, his beneficiary will receive the full face amount.

The Class “G-J” 20 Payment Half Endowment — Half Paid Up membership certificate, just like the Class G certificate in the Senior .Order, combines the features of these two basic plans. It assures the member of insurance protection throughout life while guaranteeing a substantial endowment to him, if living, payable at maturity, the end of the 20 year period during which dues are payable on this certificate.

Working both \yays, this policy eliminates ope hazard that is characteristic of all endowment plans of insurance. It often happens that holders of endowment insurance policies, who plan on purchasing another insurance policy upon attaining the maturity of the endowment pblicy, find themselves uninsurable, jiué to impaired health, as a result of which they are unable to purchase life insurance for replacing the protection expiring with the maturity of their endowment. This would put someone holding only endowment policies into the serious predicament of being left without any insurance protection whatsoever once the date of maturity of his endowments has been attained. This possibility- is .completely eliminated for one who holds a Class “G-J” (\z Endowment, % Paid Up) policy, because after having received half of the face amount of the certificate as his endowment at the end of the 20 year period, the certificate will remain in force for the other half of the face amount to the end of his life, without further premium payments.

Another advantage of this plan is its low cost as compared ,to that of a straight 20 Year Endowment of the same amount. Only half of the face amount being an Endowment, while the other half remain^ in force as a Paid-Up Life policy, the dues of this certificate are between those of the 20 Year Endowment and the Twenty Payment Life plans. Thus, the 20 Payment V2 Endowment — 12 Paid Up insurance plan will suit those who w-ould prefer an Endowment certificate but cannot afford its higher rates. For them, this certificate is just the thing!

Monthly dues per $1,000 insurance (on certificates specifying full benefits at age 5) are S3.12 at birth and up to the 6th rnanth.of life, — $3.17 at the age of 5, — $3.26 at the age of 10. etc. Monthly dues for $2,000 insurance are: $5.84 at birth and up to the 6th month of life, — $5,95 at age 5 and $6.13 at the age of 10. etc., (plus 5 cents toward branch management expenses). Of course, substantial savings may be realized if the dues are paid quarterly, semi-annually, or annually, in advance.

Juvenile Class “G-J” certificates are available in amounts ranging from $500 to $5.000.

Payor Benefit riders at a small additional cost may be attached to Class “G-J” certificates, just like to any other class of Ordinary Juvenile Insurance Contract.

A NEW START . . .

i )

I will start anew this morning with a higher, fairer creed;

I will cease to stand complaining of my ruthless neighbour's greed; I will cease to s’t repining while mv duty’s call is clear;

1 will waste no moment whining, and my heart shall know no fear; I will look sometimes about me for the things that merit praise;

I will search for hidden beauties that elude the grumbler’s gaze.

I will try to find contentment in the paths that I must tread;

I will cease to have resentment when another moves ahead.

I will not be swayed hy envy when my rival’s strength is shown;

I will not deny his merit, but I’ll strive to prove my own;

I will try to see the beauty spread before me* rain or shine;

I will cease to preach YOUR duty, and be more concerned with MINE.

OLD DISABLED MEMBERS HANDICAPPED CHILDREN TO GET VERHOVAY HELP

(Continued from page 1)

Brothers and Big Sisters of these unfortunate children, in a generous demonstration of fraternalism put into action to accomplish what could not be attained by insurance alone?

It was to make help available to these disabled, needy, aged members and to these unfortunate handicapped children, that the Verhovay has started to build a new fund several years ago. February 21st, the birthday of the Association, has been designated as Verhovay Charity Day on which the annual appeal on behalf of Verhovay’s disabled aged and handicapped juvenile members is being presented to the membership of the Association.

25,000 printed letters will be mailed to Verhovay memberfamilies by the Home Office around the first of February. A return envelope will be enclosed with each letter. Postage on these return envelopes will be paid upon delivery by the Home Office.

Every Verhovay member who will receive one of these letters, is urged to place a donation for the Verhovay Fund For The Aiding of Disabled Needy Aged members and Crippled Juvenile Members in the envelope and to drop it in the mailbox on, or before, February 21st, the 64th birthday of the Association. Each donor is requested to mark his name, address and branch number on the coin envelope. No other writing, nor postage is required.

We also appeal to those who may not receive one of these printed letters, to respond to this year’s Verhovay Charity Day appeal. It is requested, however, that if donations are mailed in ordinary envelopes, a note be inserted, designating the donation for the Verhovay Charity Day Appeal. This is important in order that the monies received can be properly credited. (It is requested further that neither monthly dues, nor any kind of official communication be mailed in the return envelope which is to be used for no other purpose than mailing donations for the Verhovay Fund For the Disabled Aged and Handicapped Juvenile members /Of the Association.)

May this year’s Verhovay Charity Day bring aid. comfort and assurance of a happier future to every handicapped juvenile member of the Verhovay, to every father and mother bearing the burden of such tragic responsibility, and to every needy, disabled, aged member of our Association. May those more fortunate respond to this year’s appeal with the generosity of true brotherliness.

Daisytown Sends “Care” Packages To 20 Hungarian D. P. Families

— Christmas cheer for twenty families made possible by Verhovay portrait presentation ceremonies. —

Memorial services for five fallen heroes, former members of branches 43. Brownsville, Pa., 85, Daisytown. Pa., 312, Idamay, W. Va., and 399, Richeyville, Pa., held on June 29, 1947 in the Walkertown Hungarian Home, Daisytown. Pa., brought Christmas joy to twenty Hungarian displaced families in western Europe through the agency of CARE.

After the presentation of the portraits of Joseph Kish, Jr., Alexander Szabó, Frank Boyza, Jr., George Horvath and Charles Smalko, Jr., to the ne'xt of kin, those attending, mostly Hungarian miners and members of the Verhovay, contributed $200 toward Hungarian war relief. It was decided then that the amount be used only upon satisfactory assurance that no other than needy and deserving people will be helped.

Due to the subsequent discontinuance of the operations of the American Hungarian Relief, Inc., in Hungary, the money was i held until requirements could be met. Finally, twenty Hungarian j families were selected in the Displaced Persons camps of western Europe, to each of whom a CARE package was shipped for last Christmas. Purchase of the 20 CARE packages was made by Alex Debreezeni, Sr., chairman of the Committee. The generous action of the Verhovayans in the Daisytown area received a great deal of favorable publicity.

Buy U. S. Savings Bonds

—Anon.