Bethlen Almanac 1997 (Ligonier)

The Hungarian Reformed Federation of America

level of income to your dependents after your death, just as you would have, had you continued to live.

There are many kinds of life insurance policies on the market today. It is important to keep in mind that you have a policy or a “mix” of insurance policies that will meet your specific needs.

The Hungarian Reformed Federation of America offers life insurance for every need:

Life Insurance- Life Paid Up at Age 80 - Life Paid Up Age 65- Twenty Payment Life - Single Premium Whole Life

Endowment Life Insurance, which has two components: a Term Insurance with Increasing Savings and Investment Elements:- Endowment at Age 18 - Twenty-Year Endowment- Five-Year Renewable Term - Twenty-Year Decreasing Term

Juvenile Term to Age 25

On Fraternal Benefits

The most valuable product or service that a fraternal life insurance society can offer over its commercial counterparts is access to fraternal benefits. Unfortunately, in the past 20 years, fraternal societies, including ours, neglected or pushed aside this aspect and offered benefits only secondarily to life insurance. Therefore, the Federation did not differentiate itself from commercial insurance companies, and this resulted in a membership decline.

To help our society reverse this trend, the 1996-Convention passed a resolution authorizing us to form a strategic planning committee to look at the Federation as a “Whole Life” society. It is a new approach that takes advantage of all that we as a fraternal society can offer to our members, i.e., scholarship programs, home loan mortgages, a retirement village, a Home for the aged, just to name a few.

In its first phase, the Strategic Planning Committee examined the needs, hopes and dreams of people in their various life situations. The survey was conducted by LIMRA International (research arm of the life insurance industry).

In the second phase, the committee evaluated our present marketing practice and the distribution system of our life products. Based on this, a new marketing and distribution strategy will be developed and geared to offer various insurance products to meet the current needs of our mem-20