The White Pine news. [volume] (Treasure City, Nev.) 1868-1906, 1903-09-10
A. o. u. w. INSURANCE.
New Plan OF the Order Thorough
ly Explained

nv tht iNNcut 'hNthAf6 VI WV VI ohN
Lodge in Reno, J. G. Tate Of Denver,
Past Supreme Master Workman, ex-
plaiped the new plan of assessments
adopted at the last session OF the Su
prene Lodge. Mr.. Tate occupied two
hours in explaining the new plan, the
condition of the order and reviewing
brief synopsis of his remarks;
The A. o. U. w. has been 10 exis-
tenee thiriy-f,e years. During that
time it has paid 1928 900, 600 to fami-
lies of it's deceased mem bers. From
1868 until 1896 Il operated under what
WAS known as the level plan each
member paid 81 per assessment, but
there was no limit as to the number.
1895 a new plan was put into operation
which fixed the rate according to age,
and advancing from 60 cents per ass
essment on 81, 900 at Is years of age to
81 .9l at the age OF 90 Or over. AT the
time the change was made IL was sought
TO put reserve fund in force, to be
evisd with each assessment, AMI con-
sisting Of % cents per month on each
81. 900 insurance in force. This feature
of the plan was almost unanimously re-
jected. Had this reserve fund been
created, the order would now absolute
ly safe. The assessments were limited
to twelve in any one year. 1t was soon
discovered that the plan was inade-
quste to pay death losses, and at the
session of the Supreme Lodge held in
june. 1903, new rates were established
which will put the order on basis, as
to solvency. equal to that OF any regu-
lar insurance company in this country.
The new plan gives the members the
option To choose between rate which
remaius level throughout life. or plan
which pays very small rate in the
early years, but advances with age uL-
I'll 55 years are attained, after which a
level rate of ~ 20 per 81, 900 is charged
In order that the older members may
not DO unduly burdened guaranty
fund is created from the payments OF
younger members, which will aggre-
gate the sum OF $50. coo. 600. This
money 10 divided between the mem bers
now over 55 years. and they may use it
as reserve TO make their certificates
safe, or they may cease paying assess
ments and take it in the form of paid
up insurance.
For example: \ member now 10
years Of age, under the new plan, need
pay no more assessments, and can take
paid-up certificate for 5000, which Is
more money than any member has PAID
into the order as assessments. A men,
Der now Is can take paid-up certifi
cate for ST.. The man now 55 years
old, who pays the new rates, will have
rs reserve, which he can take as paid.
up insurance., the -um Of s692 on 81. COG
OF insurance when he reaches the age
OF 10, or 81, 3S4 on a ~. 900 certificate.
A young man AT Is years of age will
pay so per assess ment on 81, 900 until
he reaches 80 year. of age, after which
he will only pay 81 per assessment. He
will not onlv pay u less sum at So thar
he did at Is, but no will have a reserve
which be can take iuthe form OF pa i'd
up in the sum OF 1898.
Under the new plan the rate OF ass
es. ment hos been increased, but eyel \
ceri iticate will be participating
one. The order can now look the worc
In the face aud DEFY any one u prov,
that it is uol able TO pay all its obliga
tions, Ii never refuses To pay an hon
est claim. IL is now the safest ant
grandest fraternal society on earth.
The method pursued by the Suprem'
Lodge of the Ancient Order of Unitet
Work men Ia cressing he rate OF as
sessment upon its members has beef
endorsed in Boston. N. Y, by the Ma
tonal Fraternal Congress, which is al
organization composed OF representa-
, tivos OF sixty.thr,e fraternal heneici
sry aocietiss.
The Nevada Grand Lodge. whiol
met Ia Reno on the Bed. also unani
mousl, adopted the new plan of ASS
essuents.