Verhovayak Lapja, 1951 (34. évfolyam, 1-12. szám)
1951 / Verhovay Journal
PAGE 4 Verhovay Journal September 19, 1951 JOHN LUKACS AND HIS PAYOR BENEFIT INSURANCE John Lukacs is probably resting a little more peacefully in Heaven today because he accepted the advice of his branch manager to take out Payor Benefit Insurance with the membership certificate that was issued to his four year old child. Little did ire know on January 22, 1951 he would die. Even less did he know how much help his decision would provide for his family. When death erased him from the family circle the Association: took over the payments on his child’s membership certificate because he carried Payor Benefit insurance. This insurance requires the Association to pay the monthly dues on his child’s Twenty-Payment Life Certificate to the certificate anniversary nearest the child’s tv/enty-first birthday. Over a period of 16 years and 9 months this will mean an outlay of $418.08 ini monthly dues on the child’s membership certificate. When one considers that Mr. Lukacs paid only three monthly dues of 46 cents per month and one weighs this against the large financial consideration the Association will make in the period from May 1, 1951 to January 31, 1968 — the certificate anniversary nearest the child’s 21st birthday — he will easily see why Payor Benefit insurance is so valuable to those it protects. Of course the advantages of this Payor protection are not limited to the payment of the monthly dues by the Association, additional advantages are afforded the deceased member’s family in the annually increasing cash and loan values, and in the continued insuraned protection on the life of the child. The story unfolded in the previous paragraph was not manufactured. It is true in all respects. Only the name of the deceased payor was changed. Because the officials of this Association know the importance and the value of Payor Benefit Insurance this entire column id devoted to it to enable the parents of our Juvenile members to learn what this protection is and the purpose it is intended td serve. Since the insurance organizations have found in their experiences in insuring Juvenile lives that it was not enough merely to insure the life of the child, but also the life of the payor, usually the father, an educational campaign has been carried on by them to teach the parents the value of complete protection for the child. Our Association too, joins these other organizations in this educational campaign. We hope that this educational! editorial and the Lukacs family’s true story will arouse every father ajjd mother to immediate action. Our Association introduced Payor Benefit Insurance on January 1, 1949. When the father (or mother) insures the life of his child he at the same time insures his owndife with Payor* Benefit Insurance to assure the continued and uninterrupted payment of monthly dues on his child’s certificate in the event he should die before his child reaches twenty-one, or before the maturity of the child’s certificate if earlier. The payor is usually the breadwinner of the family, in most cases the father. However, the payor could be the child’s mother, grandfather, grandmother, brother or sister, even a legal guardian. In other words the payor is the person who pays the monthly dues for the child. The monthly charge for this payor protection is very nominal, in some cases as little as seven cents. The rate to be paid depends on NEW MEMBERS IN THE SENIOR AND JUVENILE ORDER FORTHE MONTH OF JUNE, 1951 2 Kulpmont, Pa........................... 1219 Malvern, Pa ............................ . 2 8 Johnstown, Pa......................... 2229 Indiana Harbor, Tnd . 1 13 Trenton, N. J......................... 19ÍM Alnhn TV T2 14 Cleveland, 0............................. 16248 Monaville, W. Va ..................... i 17 Lorain, 0.................................. 4 20 Fairport Harbor, 0. .............. 2262 Pittsburgh, Pa...................... .... i 21 Youngstown, 0....................... 2269 Roseton, N. Y.......................... .... i 25 Mt. Hope, W. Va. .............. 1278 Omaha, Nebr ............................ 7 30 Elizabeth, Pa............................ 2290 Depew, N. Y .............................. 1 32 Gary, W. Va............................ 1296 Springdale, Pa ........................... 2 33 Windber, Pa............................. 1302 Hooversville, Pa ...................... 1 34 Pittsburgh, Pa......................... 3305 Woodbridge, N. J ...................... 5 36 Detroit, Mich............................ 10310 Lynch, Ky............................... .... 1 . 37 Chicago, 111.............................. 2335 Amherst, O............................ ... 2 39 Beaver Falls, Pa.................... 3336 Harrisburg, Pa .......................... 1 40 Martins Ferry, O.................... 2338 Warren, O. ............................... 1 43 So. Brownsville, Pa.............. 2348 Mona, W. Va.......................... .... 1 45 Cleveland, O............................ 6364 Youngstown, O .......................... 1 48 New York, N. Y..................... 13366 Cleveland, O...................... ........ 1 52 New Brunswick, N. J............ 8369 Alliance, O ............................... 3 59 Scalp Level, Pa........................ 3376 Pittsburgh, Pa....................... .... 3 66 New Castle, Pa...................... 2383 Buffalo, N. Y .......................... 2 71 Duquesne, Pa................... ........ 1383 Nanty Glo, Pa .......................... 3 76 Philadelphia, Pa...................... 1389 Perryopolis, Pa ......................... 1 84 Lackawanna, N. Y. ....... ....... 1395 McKeesport, Pa.................... ... 5 88 Yatesboro, Pa........................... 10399 Richeyville, Pa ......................... 1 90 Allentown, Pa........................... 3417 Trenton, N.' J ... 4 91 Akron, O.............................. . 5420 Nazareth, Pa......................... ... 1 98 Bethlehem, Pa.......................... 1422 Phillipsburg, N. J ............. 1 108 Young's town, O...................... 1439 Johnstown, Pa ...................... 2 120 Perth Amboy, N. J............ 4443 Detroit, Mich ............................. 8 129 Columbus, O..................... ....... 13466 Pittsburgh, Pa ......................... 1 141 Ellwood City, Pa.................... 1482 Beckley, W. Va ...................... 11 142 Youngstown, O................. ........ 3503 Chicago, 111 ............................... 4 147 Avella, Pa...................... ........... 1511 Detroit, Mich ............................. 1 152 East Pittsburgh, Pa............. 1518 New Brunswick, N. J ............. 3 153 Lansing, O............................. 1525 Los Angeles, Calif. .............. 6 164 Chicago, 111.............................. 2573 Cleveland. O....................... .3 168 Palmerton, Pa. .1 174 Scranton, Pa......................... :.. iSENIOR ORDER .......................»134 176 Roebling, N. J........................ iJUNIOR ORDER .......................... 114 2 192 Middletown, O ...................... iTOTAL NEW MEMBERS ........ 248 5 216 Northampton, Pa.................... 6 AMOUNT OF INSURANCE $242,509 the age of the child, the age of the Payor, the amount of insurance provided for the child and the class of insurance; naturally the older the Payor the higher will be the monthly payor dues. Under the terms of the contract the payor agrees to pay the payor benefit dues for the number of full years to the nearest certificate anniversary of the' child’s twenty-first birthday or to the end of the dues paying period if prior to the nearest certificate anniversary of the child’s twenty-first birthday. In the event the Payor dies during the period of protection stated above the Association in return agrees to pay all unpaid monthly dues to the certificate anniversary nearest the child’s twenty-first birthday. After that date, if the certificate is such which requires further payments, the member, who in all probability will then be earning his own living, will continue the remaining payments. *The Payor Benefit Insurance can be written today without! any difficulty. It can be taken out with new issues of Juvenile insurance or it can be attached to those Juvenile certificates al-t ready in force. If the intended payor is not over 35 years of age, the payor protection on a new Juvenile certificate may be written on a non-medical basis, while if he is over 35 years of age the protection may be written on the basis of a medical examination with the Association paying the medical examination fees. If payor protection is to be attached to a Juvenile certificate already in force the application may be written on either basis stated above with the exception that if a medical examination is necessary the medical fee must be paid by the person who intends being the Payor. Every father and mother should immediately check their family insurance program and if they find that they do not havd Payor Benefit Insurance attached to their children’s membership certificates they should, as soon as possible, get in touch with their Verhovay branch manager to make arrangements for it. No family insurance program is complete without this additional protection. John Lukacs accepted the advice of his branch manager and as a result he eliminated the uncertainty in his life, and when death struck its cruel blow the burden for his wife and child was lightened when the Payor Benefit Insurance came to the rescue. The tragedy that came to the John Lukacs family could come to any family. Act immediately, act wisely. Have full protection sd that your wife and children will not suffer should you suddenly* be removed from the happy family circle. Your branch manager* will gladly visit you todays to help you. Won’t you please call him today — for your own good?
