Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1912-01-04

Such lien charges would represent the
difference between 81 per month, the
maximum rate at the age Of 40, and
SO per month, the maximum rate under |
the whole life plan, as set forth in the |
foregoing paragraph. The lien charge |
would never exceed a total Of s12 per |
$1,000 per annum, with interest at |
per cent, and would be less than this
amount for all present members be-
tween the ages of 45 and "a years.
"Third-That present members de-
string to receive whole life insurance
at their present rates may continue
to nav such rates without change and
be granted the amount Of whole life
insurance that their rates will actually
pay for. as measured by the Modern
Woodmen table Of mortality, the stand
ard for all rates recommended by the
committee Thus, member not desir.
ing to make any change in his rate,
but still desiring whole life protection,
| is insured the opportunity of securing
such amount of insurance during the
whole period of life as his present rate
will pay for, IL assessments per year,
and with guarantees that his rate will
never change"
TERM INSURANCE.
Regarding term Insurance the COM
mittee says:
"Your committee has been of the
opinion that the greater number of
neighbors in our society have sought
admission, not only for the fraternal
benefits, but for the advantages of low
cost insurance during the period of
greatest dependency of beneficiaries.
when the member needs all of his cur
rent income, and where practically all
of it is taken in educating his children
and supporting his family. To meet
this universal and logical demand for
low cost protection during these years
of greatest struggle, the committee
will recommend that the neighbors
shall have opportunity to purchase
cheap term insurance to the ages of
so, 60 and 20 years, the insurance then
terminating, viz:
For term insurance to the age of
so years, granted either to present or
new members, the rate will run from
40 cents per $1,000 per month at the
, age OF Is to 65 cents per $1,000 per
month at the age of As, which will be
the highest age at which term certi-
ficate to the age of 90 may be written
For term insurance to the age OF
60 years, granted to present and new
members, the rate will run from Sc
cents per 81 900 per month at the age
of IS to 80 cents per $1,000 per month
: at the age Of As, the maximum age al
which a term certificate to the age Of
60 may be written. For present mem
bers, beyond the age of 45, the rates
will run from 80 cents at this age tt
$125 at the age of 81, and level al
, $1.25 for all ages thereafter up to the
age of SO.
For term protection to the age o.
70, granted to present and new mem
bers, the rate will run from so cent
i per $1,000 per month at the age of 1;
to $3.50 per $1,000 at the age of As
For present members over the age o
40, who may wish to take term insur
ance to the age of 70, the rate will
v gradually run from $1.30 at the age o
IS to a rate Of 81 at the age of 81, ant
level for all ages thereafter up to tn,
). age Of SO.
For present members who may de
sire to continue on their present rates
but under a term plan, the commit
tee will recommend that they shal
have the privilege of so doing, employ
Z ing their present rate as a term rate
o payable monthly, and furnishing there
Y for the full amount of their presen
r insurance for that period of time tina
8 their present rate will pay for, a
b measured by the Modern Woodme
{. table of mortality The availabilit
IT OF this option will be dependent upo
.e the present age and rate of the men
10 ber."
n HEAD CAMP SOON
m The report of the committee of rat
" revision will be acted upon at the az
ID journed head camp meeting which i
a to convene in Chicago Jan. 23. TIL
in head camp delegates have been SUI
f. piled with the findings of the commi
tee and will have ample time to col
slider the recommendations before q
,e Ing to camp. 1t is believed that til
" rates will be revised in accordanc
.s with the plan suggested.
,r The rate committee included J. {
re- Davis, chairman; William S. Hart. 7
=. F. Baker, Albert Reeves, and Charlie
II F. Remy. The mortuary table compi
"a ed by Head Clerk c. w. Halves wa
v. found by the committee to be the bes
" one in existence in their opinion, an
pr they used 1t in making their decision
he
Jensen-R osten