Daily capital journal. (Salem, Oregon) 1903-1919, 1908-03-28

4
stance, in the old line companies. it
is we'll known fact that IL a person
Is insured in a straight life policy,
and he should be physically In.
capacitated, either by accident or
sickness, by which he could not keep
up his premiums. he would virtually
lose his insurance. Take It again
on q straight accident policy issuei
by the various companies, the face Of
the policy In case of death is only
paid II you die according to sched-
ule; that is, II you die from any
other cause than that resulting from
accident, your beneficiary would re-
ceive nothing; they have table pre-
pared or a schedule the same as a
railroad company for tho running Of
its trains, and IL you should die from
any other cause than those listed in
the catalogue, yoS- beneficiary would
receive nothing, and all your fore
sight intended to benefit those whom
you love would be of no avail.
We propose to have policy which
Twill be combination of life and ac
cident; according to which a men,
Der of the Fraternity may select his
own method of dying, aud still his
beneficiary will receive that full face
OF the policy. IL will not be neces.
sary that we know how a member
died. but simply that he is dead.
II he should become physically IN.
capacltated, such as losing both
eyes, both legs or arms. he would
under our policy receive the total
disability payment, II he should lose
one arm. or one eye, he would re-
ceive a certain proportionate amount.
In addition to this. the insurance
members in case OF accident would
receive a weekly indemnity for
twelve or seventeen weeks according
to the amount of the policy.
The insurance members would be
divided into three classes according
to occupation. and the rates would
be adjusted according 10 age and
amount. The age limit will be from
eighteen to fifty years. and the
amounts will range from one hun
dred TO two thousand dollars.
Another particularly interesting
feature about carrying insurance In
the beneficial department Is that by
a little effort, n member could pay
his insurance premium as well as
his other dues without any actual
cash being involved, In other words.
he could by inducing some one to
enroll as a student in the l. c. s. re-
ceive a due bill as commission. This
could be turned In to the Chapter
Registrar to apply either on his
dues or on his insurance premium.
thus making II possible for mem
ber of the insurance department TO
carry insurance OF from 500 TO
$4,000 without cost. II he is willing
to work a little for II instead OF pay.
ing out the money. In the history
OF fraternal insurance companies,
and in fact / believe II Is true OF any
Insurance company. there has never
been an opportunity by which a per-
son insured In a company could pay
his insurance premium altogether.
without payment to begin with.
The uestlon naturally arises as 10
the cost OF becoming a member Of
the Chapter; OF course you under
stand that the amount OF your
monthly dues will depend largely
upon the amount of yonr fixed
charges, such as rental, salary OF
Registrar etc. but assuming that
you will have a membership during
the next year OF five hundred which
is not in the least exaggerated, aud
your dues were fifty cents per
month. you would receive $3.50 per
month. Now assuming the rent for
both social room and for place OF
meeting. TO be SIS per month and
your Registrar s25 per month. the
amount OF your fixed charges would
be 500 per month. and the amount
received in dues $3.50 would leave a
balance of $3.50 in your favor. This
is not taking into consideration the
amount OF money you receive for
limitations at each meeting. So Il
would be safe to say that your
monthly dues need not be more than
from thirty TO forty cents per month
at the end OF the year. and surely
this amount is not a burden. par
tieularly whensy you take into cOnsid-
GRAFTON the great benefit you can de-
rive from membership I'm such a