HE Official Organ Of The Sla vonic Benevolent Order Of The State Of Texas. Founded 1897. HUMANITY
BENEVOLENCE
BROTHERHOOD
Postmaster: Please Send Form 3579 with Undeliverable Copies VOLUME 54 — NO. 13
to: SUPREME LODGE, SPJST, P. 0. Box 100, TEMPLE, TEXAS
MARCH 30, 1966
FROM THE EDITOR'S DESK INSURE THE HEAD OF THE FAMILY!
If life insurance were a cut-anddried proposition where you paid in so much money and your survivors got a certain sum uoon your death, you could simply dig into your pocket, pay the necessary premiums, and forget the whole thing. But it isn't. Life insurance is one of the most flexible financial muscles you can use in building a future while you are still around to appreciate it. Today's wage earner is becoming increasingly interested in finding out how to buy life insurance, as well as how MUCH to buy. He wants to know how and when to reevaluate his policies; how and if he can borrow cash against his policy; when and how to convert his policy from one type to another. Our SPJST representatives should be — and ARE — prepared to explain all the various SPJST plans to you. Call one of them and let him help you decide. • • How much life insurance should a man carry? Take the example of a man with five children, 46 years old, and earning around $15,000 a year. The family has adequate medical protection, and the firm where the husband is employed has a policy on him for $20,000. Life insurance advisers
QUOTES . . • What men hunger for most is to be Mired. Herein lies the deepest source of
their self-assertive behavior which sets them against one another. Seeing much, suffering much. and studying much are the three pillars of learning. —Disraeli. f
Animals have these advantages over man: they have no theologians to instruct them, their funerals cost nothing, and no one starts lawsuits over their wills. —Voltaire. One day we shall be asked not how much pleasure we had in life but how much service we gave; not how happy we were but how helpful we were; not how we satisfied ambition, but how we served in love. —Hugo Black. agree (and advise) that a person should have about five times the gross income of the principal wage earner, in this case, about $75,000. This formula is applied to any case where there is doubt or question about how much life insurance to purchase. Narrow Insurance Margins The story about the insurance company that had to pay off a $100,000 policy after one month's premium is a SPJST DIRECTORY IN THIS ISSUE
little bit like the car salesman who tells you about the car being owned by the little old lady who drove the car to church once a week. However, there was an incident that happened in El Paso not too long ago that illustrated a pretty narrow margin. In that case, an insurance policy of $100,000 was paid by a margin of only one to five seconds. A prominent attorney landed at the El Paso airport after returning from an airplane flight on business matters. He deplaned, walked to the baggage counter, spotted his bag, and reached to get it. But before he actually touched it, he was murdered by a single pistol shot by an assailant.. The attorney had previously purchased a $100,000 flight insurance policy. The question immediately came up as to whether the policy was valid and in force at the moment of his death. The court decided that if he had actually picked up his bag (re-possessed it), the airplane flight would have terminated and the policy would have expired. But by the margin of not having touched it, even though he reached for it, the court awarded the survivors the $100,000. They based their decision on the premise that his attempt to re-possess his luggage was still an immediate and continuing act of his de-planing.