HERALD Official Organ Of The Slavonic Benevolent Order Of The State Of Texas. Founded 1897. BENEVOLENCE
VOLUME 53 — NO. 28
HUMANITY
BROTHERHOOD
Postmaster: Please Send Form 3579 with Undeliverable Copies to: SUPREME LODGE, SPJST, P. 0. Box 100, TEMPLE, TEXAS
JULY 14, 1965
FROM THE EDITOR'S DESK THE FAMILY PLAN AGAIN Most of you now know that the SPJST offers a policy which covers the entire !family for one premium. That premium is, and remains the same, no matter how many more children may be born, or adopted, into your family. Every new arrival is automatically covered, regardless of health, 15 days after birth. The typical SPJST policy gives the husband $2,500 straight life coverage, and the wife $1,000 worth of term insurance. Each child's life is covered by $1,000 in term insurance until age 21, or until the mother reaches 65, if that occurs first. The wife's term policy also expires when she becomes 65. If the husband dies, his $2,500 policy pays off in the usual manner, and the term policies still in effect on his wife and children become fully paid up and continue in force as in the original arrangement, terminating, at the earliest, when the mother reaches 65 or the child 21. If the wife dies first, the proceeds of the $1,000 policy go to her husband. • A Family Plan policy with the SPJST costs about $59.00 a year at age 30 — about $9 more than separate policies giving the man and wife the same coverages. This slight difference gives the child protection and it is this children's protection that constitutes one long range advantage of the Family Plan: the youngsters' policies may be converted at expiration date to as
THE BETTER PART The days are all to short to waste A moment, with the time it takes For hunting flaws in useful folks, And magnifying small mistakes. But there is time enough to spare Between the dawn and sunset's glow, To recognize the kindly traits Possessed by people whom we know. Why make ado for minor fauts; And would it not be better far To notice only things that prove What loyal friends the neighbors are? —Edith R. Smith much as $5,000 in permanent insurance, without any requirement of a physical examination. • Even though the Family Plan has its advantages. it might be wiser to add any extra money available for life insurance to the husband's premium, thus increasing his coverage. It is also possible to buy the children permanent policies with increasing cash values which can give them an excellent head start toward their adult insurance and savings programs. In any event, see and consult with your local SPJST representative. 4
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KEEP YOUR LIFE INSURANCE POLICY IN A SAFE PLACE Americans who prudently protect their families with life insurance aren't
always so prudent about taking care of their policies. The Institute of Life Insurance estimates that over 300,000 last, stolen or mutilated policies were replaced last year. Many were destroyed by fires in homes and apartments. Some were ruined by water in flooded basements. At least one policy was reported consumed by rats. And, although a life insurance policy is of no value to a robber, many thefts of policies occurred during the year. Often the policies were among other stolen papers or possessions, or inside stolen briefcases, or in cars that were rifled. But probably mot often, they were lost by policyholders themselves. Sometimes the policies were inadvertently thrown out during house-cleaning or office cleaning, or disappeared during a move to a new home or office. The Institute's estimate includes only post policies on which life companies issued duplicate copies to living policyholders. Undoubtedly many more were lost. When a policy is missing at the policyholder's death, the company normally pays the insurance without replacing the policy. And, when a policyholder does not review his life insurance regularly, the loss of a policy may not be noticed until be dies. Insurance companies generally replace lost policies without charge, even though this service costs the life in-