Verhovayak Lapja, 1953 (36. évfolyam, 1-12. szám)
1953 / Verhovay Journal
VOL. XXXVI. AUGUST 19, 1953 OUR CHILDREN AND THEIR FUTURE Parents Should Act at Once! The children today enjoy a protection and security never before provided previous generations. Parents today recognize the need for protection and thrift programs for their children. Their deep interest in such programs is greatly reflected in the popularity of the Juvenile insurance plans. Statistics show that about 40% of our population is under 20 years of age, which means that today there are from 50 to 60 million boys and girls under age 20 to whom the advantage of planned protection and thrift programs may be directed. Why do the parents of today buy Juvenile Insurance? There are many good reasons, the most important as follows: 1. To offset the financial loss caused by death. Life insurance is the best and most practical means to provide the cash needed to pay the expenses of a child’s final illness and burial. 2. To offset the expenses incurred in the rearing of the child. The United States Department of Labor estimates that the cost of rearing a child to age 18 approximates $8,000. 3. To offset the loss of Social Security income to the widowed mother if the child dies at an early age. Under Federal Social Security, monthly benefits are payable to the child of an insured worker until the child attains age 18 or marries, whichever comes first; to a widow only until her youngest child reaches age 18, or until the widow’s remarriage, whichever comes first. Payments to her then stop and do not begin again until she attains age 65. 4. To g>et the benefit of the low premium rate. The cost of Life Insurance is lowest at the child’s present age; this low rate continues during the entire life of the contract. Never again will youth have such a bargain so far as Life Insurance is concerned. 5. To get the benefits of an early start on a long-range insurance and retirement program. Parents have been taught through experience that for financial security, for most people, the only effective means to deal with the problems of family protection and retirement is through well-planned life insurance programs. 6. To educate the child in the principles of thrift and regular savings. The habits acquired in early childhood play a dominant role in the success or failure of a human being. The development of good habits early in life is of vital importance, and one of these good habits is the habit of thrift and regular saving. It was Calvin Coolidge, the very symbol of traditional Vermont thriftiness, who said: “Parents should help their children to take out policies at as early an age as possible. The earlier the age, the lower the rate. Taking out either life or endowment policies for children and turning the policies over to them as soon as they are selfsupporting will not only start them out in life with a gift of real value, but will assist them in early acquiring a sense of responsibility and habits of saving which will help them through their lives.” 7. To accumulate a college fund. All agree that a college education means a full life; it promotes success; it contributes to job security; it means greater earning power. Parents today more than ever before realize the desirability of a college education for their children, and the only real solution to the problem of paying the expenses of a college education is through a regular savings plan provided by life insurance. Ex-President and Chief Justice William Howard Taft said: “The most beneficial feature of Life Insurance seems to me to be the duress that the terms of the contract exercise over the policy holder to save. It is this obligation, stronger than any I know in our commercial and business world, that makes (Continued on page 7) OFFICIAL NOTICE In accordance with instructions from the Board of Directors, I hereby call to the attention of our branch managers and other branch officers, and also all the members of the Verhovay Fraternal Insurance Association, that the NEXT MEETING OF THE BOARD OF DIRECTORS WILL BE HELD BEGINNING MONDAY, SEPTEMBER 21, 1953. Those wishing to contact the Board of Directors regarding any kind of official business should in writing inform the NATIONAL SECRETARY of their intentions NO LATER THAN SEPTEMBER 15, 1953. Matters received after September 15th shall not be considered by the Board of Directors until the following semiannual meeting. JOHN BENCZE National President Frank Cher and John Fulop Cited The two men with the greatest number of years in the field service of our society, Frank Cher, F.I.C., Field Supervisor of Trenton, New Jersey, and John Fulop, Traveling District Manager of Pittsburgh, Pennsylvania, were paid high honors on the evening of August 6, 1953 at a dinner given in their honor at the Pittsburgher Hotel, Pittsburgh. The occasion which prompted this very significant event was a two day seminar for all our full time field men. Messrs. Cher and Fulop have been with Verhovay, serving in the field, for approximately 20 years. Each has contributed immensely to the growth and progress of our organization, and each has given his best in working among thousands of Verhovay members. Truly deserving of the Illustrious Citation and the Gold Emblem were the two Verhovay veterans as the twin honors were conferred upon them. The dinner was served at 6:30 and followed by the opening of ceremonies by National President John Bencze. He surprised the two honored guests when he informed them of the purpose of the dinner event. The National President spoke well and enthusiastically as he extolled the records of Field Supervisor Cher and Traveling District Manager Fulop. Beaming happiness covered the expressions of Messrs. Cher and Fulop as National President Bencze pinned the beautiful Gold Emblem, signifying loyalty and service to the Association, on their lapels, then presented the companion scrolls. Added congratulations and words of praise came from National Secretary Coloman Revesz, National Treasurer John Szalanczy, National Auditor John Sabo, Field Supervisor Frank J. Wukovits of South Bend, Indiana, Field Supervisor Leslie J. Dus of Cleveland, Ohio, and Field Assistant to the President Elmer Charles of the Home Office. In the speeches delivered the most signal factor other than the welilvierited praise and congratulations for the cited field men was the evident living example of the opportunity and the security offered by the Verhovay Fraternal Insurance Association to the field men. Verhovay has been operating on a fraternal basis for 68 years, many of these years — since 1924 — on a legal reserve fraternal basis, thus the continued growth of the society in members and in assets today places Verhovay 39th among all the fraternal societies in The United States and in Canada, as well as being the largest fraternal society with a Hungarian background. This fine record of Verhovay spells opportunity and security for our field men, because good field men and good records go together. Today our field men are well trained for their responsible jobs. They offer you the best types of modern insurance, and behind them is a modern Home Office, equipped with advanced machinery and a weli-managed personnel — ever ready and willing in cooperation with the field men. All Diese good points — the men in the field, the employees and the officers in the Home Office, the Board of Directors, and of course the types of Verhovay insurance — make in titanic unison a better and more prosperous Verhovay. It is the assurance of a continous swelling in our membership. All of us are grateful and appreciative to Messrs. Cher and Fulop for their splendid records and grand services. CONGRATULATIONS AND BEST WISHES, Field Supervisor Frank Cher and Traveling District Manager John Fulop.
