Official Organ Of The Sla vonic Benevolent Order Of The State Of Texas. Founded 1897. BENEVOLENCE
VOLUME 54 — NO. 11
HUMANITY
BROTHERHOOD
Postmaster: Please Send Form 3579 with Undeliverable Copies to: SUPREME LODGE, SPJST, P. 0. Box 100, TEMPLE, TEXAS
MARCH 16, 1966
EF THE EDITOR'S DESK HOW MUCH INURANCE ON THE CHILDREN? This question is frequently asked by parents. The answer is: none — that is, unless you've set up a so,. nd insurance program of your own. Usually, it is best to buy policies for the individual children AFTER your children are well protected in the event of the death of either one or both of the parents. However, after you have this coverage, insuring your children at an early age provides an excellent longrange investment for them. The initial investment for them need not be big: a $1,000 or $5,000 face-value policy provides adequate coverage at a reasonable price. The annual premium on a typical $5,000 ordinary life policy is about $42, if taken out at age 1, about $43 at age 7, and about $53 if bought at age 15. These premiums remain the same throughout the child's lifetime, and as his cash value builds up, he can borrow against it, maybe even use it to pay for college expenses. If you take out a $5,000 ordinary life policy on your son at age 5, it would have a cash value of about $490 at age 21. ♦ Another policy specifically designed for children is a little more expensive, called the "Educational Plan." It builds up cash value more rapidly and provides-several options after the child
THINE IT OVER . . . An idea isn't worth much until some -bodyhastenrgyadbilto make it work. Ail of us possess vast stores of energy on which we draw only in time of
If a nation values anything more than freedom, it will lose that freedom. And the irony of it is that if it is money or comfort that it values more, it will lose them too. reaches age 18. Premiums for this policy range from about $48 per $1,000 under age 1, to around $94 if purchased at age 8. By age 18, the $1,000 policy matures with four options you can exercise. You might consider adding a "payor clause" to your child's policy. Under this clause, all premiums are waived until the child reaches 21 if you should die or become disabled. This "payor" clause is also added to another kind of insurance plan that also includes children — the family plan. Under a typical family plan policy, the father gets $2,500 permanent life insurance, the mother gets $1,000 term insurance to age 65, and each child gets $1,000 term insurance to age 21. The children's term insurance can be converted at age 21 to as much as $3,000 permanent life insurance with-
out a medical. A policy like this would cost 35-year-old parents about $68 a year, regardless of the number of children covered, and of the number still to be born or adopted into the family. The figures quoted here are rounded off to the nearest dollar of actual cost in the SPJST. For more complete details and exact figures, you should get in touch with your nearest SPJST representative. You'll be surprised just how little all of this protection costs. That Little "Extra" The story is told of the time when James A. Garfield decided to go to college as a young man. He favored Yale University, but also wrote to the president of Brown and Williams colleges. The president of Yale University sent him a formal reply, as did the president of Brown U. The president of Williams University, however, took a couple of extra seconds to pencil the following line at the end of his letter: "We shall be glad to do what we can for you." As a result of that little extra added line, Williams University had the honor of graduating a future president of the United States and having as its own president, Harry A. Garfield, son of President Garfield. The moral of this little story is that that little extra added something may sometimes be the difference between success and failure; between making a sale and losing it; between gaining a new mem-