Evening journal., 1910-11-17
INCREASE OF
INSURANCE RATES
Affects Old Members Of the
Knights Of PythiaS In
SuranCe Department
n YEAR MAN WILL
PAY $l4 INSTEAD OF So

A big jump in rates by the insur-
ance department of the supreme lodge
Knights of Pythias, as a result of a
re-rating of what is known as the
fourth class, is causing quite a stir
among the old members of the de-
partment, some of whom have been
paying monthly assessments for more
than quarter of a century and now
find themselves placed in a position
where they must either pay ON
three to five times the former rate
or elect to accept one of a half dozen
other conditions, none Of which is
very pleasing to them. Notice of the
new rate, with a statements of what
each member must pay, has been mail
ed within the last few weeks to all
members of the fourth class, who are
given until January /, 1911, to de-
eide which of the several conditions
presented will be accepted. An IL
lustration of what the new rate means
to the old members is given by the
case Of one man, now seventy-seven
years Of age, who has been carrying
an insurance of $1,000 for thirty
three years. His present monthly
payment is three dollars per month,
but II he continues his policy after
January 1, 1911, he viii be required
to pay s14.05 per month.
The Options Offered.
After being informed what his
monthly rate (s1405) will be after
January /, on his policy for $1,000. the
member In question is given the priv
ilege Of accepting one of the follow
ing options:
you may surrender your present
certificate and accept a certificate In
lieu thereof and for the amount there
OF which will insure you for five
years for the monthly payment OF
S11.40, or for the term of ten years
for the same amount for the monthly
payment Of S131O. At the end Of the
five OF ten year period, whichever
you elect to accept, the certificate
will terminate and you will no longer
be insured under It.
"Or II you so elect you may have
your present certificate scaled down
to such sum as the rate that you are
now paying Will provide insurance
for the whole period Of your life, re-
gardless of when your death occurs
and your rate under this plan Will bt
Just what II is now, that is three dol
lars per month, but the amount OF
your certificate Will be S2l3 instead
OF Its present amount. Or If you eleci
TO retain the present certificate thai
you have and are unwilling to ac'
cept any of the other options, YOU
may have a Hen placed against YOU
certificate, the amount of such lier
to be deducted at the maturity Of thu
certificate, whenever the same ma
lures by your death, and you ma,
continue TO pay the same rate tina
you are now paying, TO wit three DOL
lars per each month. Under this OF
ton the lien Will be S7S7 and will b
deducted from the face of your Gel
tifcate at maturity, leaving the ba
ance OF S213 TO be paid to your benz
flciary.
Another Plan Presented.
"Or you may elect to continue Il
full amount Of your insurance protel
don for the whole period OF your III
and to be rerated as of your age
the nearest birthday January /, l9l
and if you are unable to make u
payment Of s14O5 that will be dt
rom you under said certificate
each monthly payment iron. and a
. ter January 1, 1911, and Will satis
J the board that you are unable to pa
the whole of said monthly payment
cash, then you may pay in cash Il
sum of S10.50 for each month and Il
sum of S3.55 for each month will
charged against your certificate, t
gether with five per cent. per annu
as interest, which said sums not
| hv rrrffh H.
] ever they aggregate at the time of Il
, maturity Of your certificate, will
deducted from the face amount ther
OF. Or you may, ii you choose. tran
fer the whole or any portion of yol
insurance from the fourth to the fif
class, such transfer TO be made wit
out expense to you and without me
ical examination, but in the event
such transfer you will be rerated
your attained age and in accordan
with the plan in said fifth class
which you elect to transfer.
You are required by said enaC
ment of the supreme lodge to ele
in writing on or before the first di
of January, 1911, which of the optio
| you will avail yourself of. and in 4
| event you fail to make such electi'
your rate on January 1, 1911, will
| automatically raised, as stated in q
| first paragraph hereof, to the su
| OF $14.05, which sum will be due fro
| you for each month thereafter"
| Old Members Don't Like II.
The seventy-seven year-old mel
| ber whose rate has thus been advan
| ed from three dollars to S14.05 p
/ month, figures that he has alreai
paid into the insurance department
a sum nearly equal to the full amou
| of his policy, $1,000, and he is not We
; we'll pleased with the new order
things. It is understood there a
qtite a number of other old mel
: bers in this section who are objeC
ing to the rerating decided upon
, the Supreme Council.