William Penn Life, 1989 (24. évfolyam, 1-12. szám)

1989-01-01 / 1. szám

Page 8, William Penn Life, January 1989 Fraternal insurance provides extra benefits NSURING $ECURING How Our Products & Services Work For You - Part 3 Most people buy life insurance for one simple reason: to provide financial security for their family in the event of their own death. All life insurance plans pay out a cash settlement to the surviving beneficiaries which they, in turn, can use to meet funeral or mort­gage expenses or to replace any lost income. In this way, a life insurance plan from the William Penn is the same as plans offered by all life insurance companies. What makes a William Penn plan different — and more valu­able to you — is that it is a fraternal life insurance plan. That means our plans offer your family fraternal benefits you can’t get from other insurance companies. We call it the Fraternal Bo­nus Program. Under our Fraternal Bonus Program, adult life benefit mem­bers (i.e., adult life insurance policy owners) can qualify for additional benefits for their chil­dren, including our Orphan Fra­ternal Benefits and Newborn Fra­ternal Benefits, at no extra cost. Orphan Fraternal Benefits Children of a William Penn life benefit member can qualify for orphan benefits should both of their parents die. One benefit qualifying orphans PITTSBURGH — The Sixth Annual William Penn Associa­tion National Golf Tournament will be held July 14 and 15 at the Tam O’Shanter Golf Course in West Middlesex, Pa. The weekend will kick off with the popular putting contest on Friday, Juy 14. The 18-hole tour­nament will be played the follow­ing day, with the annual golf awards banquet to be held Satur­day evening. Articles and photographs for the February issue of the William Penn Life are due in our office by January 20,1989 can receive is a Monthly Finan­cial Assistance allowance. As its name implies, this is a monthly payment made to the orphan, legal guardian or adult who has factually become responsible for the child. Orphans attained ages 0 to 5 can receive up to $75 a month; orphans attained ages 6 to 14 can receive up to $100 a month; and orphans attained ages 15 to 18 can receive up to $150 a month. If a qualifying orphan is attend­ing school on a full-time basis on his or her 18th birthday and is currently receiving monthly al­lowances under this provision, then the orphan will continue to receive such allowances until the end of the current school year. The monthly allowances de­scribed above will stop when and if the qualifying orphan either (a) marries, (b) becomes self-suppor­ting, or (c) begins receiving grants under the Scholarship Benefit The golf course is located at the intersection of Interstate 80 and State Route 18, near Sharon, Pa. "We feel the course’s location will make it easy for many of our members to get to the tourna­ment,” said National Secretary E. E.Vargo. More details on the tourna­ment will appear in future issues. COOK BOOK HUNGARIAN SPECIALTIES and OTHER FAVORITES Net proceeds to benefit the William Penn Association Scholarship Foundation DONATION: $5.00/copy Send check or money order to: WILLIAM PENN SCHOLARSHIP FUND P.O. Box 438 Now Brunswick, NJ 08903 Provision. The Scholarship Benefit Provi­sion offers tuition and mainten­ance assistance of up to $2,000 per school year, or a maximum of $8,000, to qualified orphans. To receive a grant, the orphan must be enrolled in either (a) a course of full-time undergraduate study at an accredited college or university, or (b) a course of full­time study pursuing an occupa­tional diploma or associate degree at an accredited educational insti­tution offering approved occupa­tional diploma courses. The grant is paid to the orphan, the educational institution, or a combination of both, as deter­mined solely by the Association. The scholarship ceases upon com­pletion of the approved course. If a child becomes a qualifying orphan after attaining age 18 and prior to attaining age 24, he or she may be eligible for a scholar­ship grant if he or she is already WELLSBURG, WV — Paul T. Kovács, administrator of the Wil­liam Penn Home, achieved the second highest score on the recent National Nursing Home Admini­strators Examination. Mr. Kovács spent three years preparing for the exam. "It took a lot of effort, but it was worth it. Everything I learned along the way I was able to use to help operate the William Penn Home and to ensure high quality care for our residents,” he said. enrolled in a qualifying course of study. Newborn Fraternal Benefits In addition to these benefits, adult life benefit members can also earn special benefits for their newborn children. For example, your newborn child may be eligible to be auto­matically covered by $1,000 of term life insurance beginning with the eighth day of life through the 59th day of life. To receive this free Newborn Death Benefit coverage, the infant must be born after Jan. 1, 1989 and must be the natural and legitimate child of the qualifying adult life benefit member. Your newborn can also be eli­gible for Guaranteed Insurabil­ity. This allows your newborn to be insured at standard rates for up to $5,000 of permanent life insurance, regardless of your infant’s health. This insurance may take effect on the infant’s 60th day of life. But, to exercise the guaranteed insurability benefit, the proper application must be made and the initial premium paid before the infants 60th day of life. Children of qualifying adult members can also be eligible for Disease Benefits. Under this provision, your child is eligible to receive up to $2,000 to cover Although his high score and nursing home administrators li­cense qualify him to operate any extended health care facility in the country, Mr. Kovács says he is happy to be working at the William Penn Home. "I am very proud and happy to be able to help and serve the Association and its members,” he said. We at the William Penn con­gratulate Mr. Kovács on his achievement. out-of-pocket medical expenses not reimbursed by a relief agency or other insurer for treatment of a number of diseases. All of these additional benefits make a William Penn life insur­ance plan even more valuable to parents wishing to protect their family’s financial security. For a child to be eligible to receive any or all of the above benefits, at least one parent must be a William Penn member in good standing who has at least $5,000 of premium-paying or paid-up life insurance on a perma­nent plan in force. These fraternal benefits are of­fered on a non-contractual basis and may be modified or cancelled by the William Penn Association at any time. To learn more about our adult life insurance plans and our Fra­ternal Bonus Program, contact our Home Office or your nearest William Penn representative. (The William Penn offers a wide range of insurance and savings plans that help provide our members with security and financial stability. In order to educate our members on all the products and services the Associ­ation offers, the William Penn Life is publishing a series of articles, entitled "Insuring & Securing,” explaining each product in detail. A different product or service will be featured each month.)------Mo ving ?-----­If you have recently moved or are planning to move, please notify our office so that we can update our records and make sure you keep receiving the William Penn Life. Please print the necessary information below. Name:____________________________________________________ Certificate No.:_________________________Branch No.: Old Address: New Address: □ I am a William Penn member, but I do not receive the William Penn Life. Please add me to your mailing list at no charge. □ I am receiving more than one copy of the publication each month. Please cancel the extra copies. ' Send the above information to: John E. Lovász, Managing Editor William Penn Life 709 Brighton Road Pittsburgh, PA 15233 Association prepares for 'Family Day’ July 7 PITTSBURGH — All mem­bers and their families are in­vited to attend the William Penn Association "Family Day” Friday, July 7, at Kenny­­wood Park in West Mifflin, Pa. A number of special activi­ties will be planned for the day. Plus, everyone attending Family Day can ride the fun and exciting rides at Kenny­­wood all day for one low price. The organizing committee will meet this month to begin planning this special day for the whole family. In the mean­time, all our members should mark down the date and plan on attending. Golf tournament planned Kovács earns high score on national examination

Next

/
  • Elrendezés
  • Igazítás
  • Forgatás
Oldalképek
Tartalom