William Penn Life, 1968 (3. évfolyam, 1-12. szám)

1968-04-01 / 4. szám

Your MOST Valuable Asset Just run your eyes over the figures in the accompanying chart. If you are 30 years old and are earning a modest $500 a month, you are worth over $200,000 to your family. If you are earning $750 a month, you’re worth zooms up to $315,000. If you earn more, your worth as a “money-making machine” shoots up to fantastic amounts! Our Society provides insurance pro­tection to replace a man’s EARNING CAPACITY if he dies or becomes disabled. Therefore we are keenly in­terested in the methods used in court cases to arrive at the value of the EARNING CAPACITY COST when a man is killed or becomes disabled. To help the courts in this difficult task, a fascinating group known as “The As­sociated Appraisers of Earning Capacity” — (AAEC) Members are mostly Ph.D.s and university professors who specialize in statistics and economics. They are often called upon by courts and juries to evaluate Lost Earning Capacity. Here’s how they work: 1. The AAEC witness first establishes his qualifications as an expert. 2. Next, he carefully explores the educaton and employment background of the individual who has been killed or disabled. From this, he proceeds to establish what the NORMAL EARNINGS of that individual would have been if he had worked his full lifetime. These estimated earnings take into consideration all losses in­curred up to the day of the trial, the normal increases that come to a man over his working life, and the slacken­ing off in earnings that often occurs in later years. For instance, in a recent malpractice case, the plaintiff was an aeronautical engineer who earned $110 a week. After an operation in a Veteran’s Hospital, he became a parapelegic and sued the Government. In estimat­ing his loss of wages, an AAEC expert stated: “Had the plaintiff not been disabled, his salary as an aero­nautical engineer would have ranged from a minimum of $10,000 a year to a maximum of $18,000, and would have later reduced to about $14,000 when he reached age 65.” 3. The AAEC expert next establishes how much money is required to pur­chase the plaintiff a lifetime income that would pay him or her an average annual income, equal to that which has been lost. In the case referred to earlier, the court awarded the plaintiff a judg­ment for future lost earnings of $180,000! Based on the testimony of the AAEC expert, the court, in this malpractice case was able to be utterly fair to the plaintiff. As I read this history, a big question crossed my mind: “How many of our present members have their EARNING CAPACITY insured for even a fraction of what it is truly worth?” Ask yourself this question. Then invite your local William Penn representative to visit you. Ask him to work out YOUR program to overcome the loss you and your loved ones would sustain if TONIGHT, YOU should die or be­come disabled. J^ranch <Z/^fctivitics (Continued from page 3) by Stephen Mészáros, Gordon Zegan and Michael Hrabar. Tickets are available at the District Office and from the Committee Members. Please make an attempt to come. This will be our first endeavor and we’re sure everyone will have a good time. Ann Hrabar 19 New Brunswick, N. J. The New Jersey William Penn Branches (Newark, New Brunswick, Passaic, Perth Amboy, Roebling, Trenton) will hold their last meeting on Tuesday, April 16th to finalize the Dinner-Dance pro­gram. — Judging from all indications our feeling is that this will be one of our most successful affairs. — Reserve your tickets early. Branch 19 will hold its regular monthly meeting on Monday, April 15th at the District Office, 208 Somerset Street, New Brunswick, N. J. — Please attend. Our branch will attend the Youngs­town Fellowship Days and Bowling Tournament on June 1-2. We have 4 more seats available on the bus. First come first served. The bus will leave at 5 o’clock in the afternoon on Friday, May 31st from 208 Somerset Street. Please be there on time. Mary Ann Stanko 51 Passaic, New Jersey Branch 51 has moved its office to 212 Main Ave, Passaic Park, Passaic, N. J. We would like to extend an invi­tation to everyone to come see us, whether it be on business or just to say hello. We have finally come up with a meet­ing night that is suitable to all. It will be on Monday, April 22nd, at Calvin Hall, 220 Fourth Street, Passaic, New Jersey, at 7:00 P.M. sharp. We would like all the members of Br. 51 to attend these meetings and take part in the proceedings. It could be to your ad­vantage. We are making plans for our annual picnic. It will be held on Sunday, June 9, 1968, at the American Hun­garian Citizen’s Club, 21 New Schley Street, Garfield, N. J. Starting time is noon. Dancing starts at 4:00 P.M. Tickets can be had by calling the office at 471-1095. The chairman for this affair is Mr. Eugene Kiss, 478-5591. Our deepest sympathy to the families who have lost a loved one. May they rest in peace. That’s all for now and may I wish everyone a Blessed and Happy Easter. Rosalie Stransky Reporter 76 Philadelphia, Penna. Our meeting was held on March 9th, 1968 and we were pleased to see so many attended. BANQUET NEWS: Our Annual Fall Banquet and Dinner Dance will be held on November 16th, 1968. The place — Schwarzwald Inn, Olney Avenue at 2nd St., Philadelphia, Pa. Parking facilities available. Cost: Dinner and Dance — $6.00 per person; Dance only — $2.50 per person. Parents—invite those teen­agers — where else could they have a better time? Menu? — delicious beef as only the Inn can prepare. Music will be furnished by our favorite orchestra the Musical Caravan. If you haven’t heard these fabulous men, do come, and we promise you will not be disappointed! So dear members, and our out of town guests—reserve that fall date November 16, 1968! CURRENT PLANS: Uppermost now are the plans for our Bowling Tourna­ment. Philadelphia 76 Branch has 3 men’s teams and one team of women! Captains are: Joseph Pallant, David Morales and Lou Lovas. We wish our very best to the women in the team and to their loyal captain, Jean Zaluski. SUMMER PLANS: Circle July 21st — and reserve that date — Sunday for our annual Picnic held at the Hun­garian Club, 1125 Southampton Road, Philadelphia, Pa. We will have good food, fabulous music, games for the children, teens and the “young-at-heart” —all for $1.00 admission starting at 12:00 noon. Don’t forget that date — JULY 21st, 1968! (Continued on page 7) 5

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