Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1912-02-12
OFFICIAL NOTICE OF
REVISION OF RATES
Modern WOWlmcn of World Advised
Not % Becpnle Alarmed Over Ad-
vance ln Insurance Cost.

Local members ana officers of the
Modern W0odmen OF America have
received the following official bulle-
TN concerning the revision OF iusur-
ance rates. ado pied at tho recent con-
v"riiCa m Chicago;
Rock Island. H.. Feb. s, 1919.
Esteemed Nelghbors:
The ADJOURNED session OF the head
camp convened Tuesday morning,
January 23rd. In Chicago, and after
a most thorough dlscussipl covering
Tuesday. Wednesday, Thursday and
Friday on saturday by a vote OF 400
TO 500, adopted the report OF the COM
mittee on revision, and by 50 doing
gave to the membership two general
plans OF namely: whole
ne protection and term protection
running TO ages so, go and 20. In
additi TO these two general plans.
as recommended hy the committee.
tho hond camp adopted resolutions
recommending the natural premium
plan AMI limited payment plans fur
nishing priG-Ip insurance after pay
ing assessments covering periods OF
20, %. and 80 years
The future level rates OF assess
ment for whole lifc protection win
be higher than the present rates. as
also viii be the rates FOR the limited
payment plans. but by the adoption
OF the natural premium or step rata
plan and the term plans safe proc
lection can be obtained at a very low
cost--in fact, In many instances at q
lower cost than the present rates of
the society. Under the term plan 70
age 90, protection can be furnished at
forty cents per month per thousand
az is, forty-five cents at 30, nifty cents
az so. flfty-ave cents az SO, sixty
cents az 40. and sixty-five cents az IS,
while in the step rate plan the rate,
ages is to so. inclusive, Is thirty-ilve
cents per thousand and gradually in
creases until the rate reaches Si.0O
per thousand per month at age SIS, w
the adoption OF these plans for tenn
porary insurance, the young man VINO
so desires may obtain the greatest
possible amount OF insurance at the
smallest outlay, during the period
when his family needs the greatest
protection.
Both The IlIaois and Missouri In
suranco departments, after the most
careful Investigation. have assured
MS Of the adequacy and safety OF all
rates adopted some OF the insurance
commissioners who attended our head
camp stated publicly that some of our
leading competitors would ind Y
necessary TO soon revise their rates
upward. The members of our society
should not get excited nor alarmed
over this revision Of rates. They have
until January /. 1918, 10 elect which
OF the several options they will ace
cept. In tho meantime. study careful
~ the new plans. study, as far as II
Is available. the history ~ the society
that led such a large majority OF the
head camp delegates 60 the conclusion
they reached. Full particulars with
reference 10 the new plans and rates
will be mailed by the head clerk at
the earliest possible moment. that YOU
may be In a position 70 fully inform
the membership. Keep Ia mind al
Ways that the Modern Woodmen OF
America In the future, as In the past
win bo the greatest fraternal bene-
nciary society IN the world and. fur
tnermore, Is absolutely safe.
Fraternally,
u. o. DAVIS.
Chairman Committee on Revision.