Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1912-02-13
New M. w. A. Rates

There are so many members of the
Modern Woodmen of America in How
ard county, that we take the space to
publish the new rate plan adopted at
the Head Camp in Chicago week ago.
which we are sure will interest all
members as well as many others:
By vote of AGO to 3O7 the head
camp increased the rates approximate
ly forty-seven per cent. This sub
stantial increase effects !, 27O, ,60S mem
bers of the order. The new rates be-
come effective for new members May
l., 1912, and old members have until
Jan. 1st, 1918, to make their choice OF
seven optional plans. If by that date
they have not declared their prefer.
ence they will arbitrarily be given the
whole life plan ranging from Is cents a
month to every $1,000 when l8 years
old to 50 per 81, 600 at as.
A concession is made to members
over As years, that of allowing cash
payment of So month for 81, 0CO pro-
lection with the right to charge the re-
manning 81 or more month (accord-
ing to age) against their certificates,
to be deducted with per cent COM
pound interest at death. This is pure
ly optional.
Term rates for periods Of life to so,
SO and 70 years of age, and ending at
these ages, are special feature Of the
revision. Old members with life GER
| tifcates who do not wish to increase
their assessments may elect before
Jan. l, 1918, to choose term insurance
to one of the three ages. Old men,
bers up to 80 years of age may be re-
rated at their attained ages counting
from the birthday nearest the date of
the transfer.
For instance, member IS years old
can obtain $500 protection for month
ly payment of $1.5O $1,000 protection
for So month, and SO on up to 50, 900
protection for 50. On the $4,000 Ger.
tifcate he would be obliged to pay only
Sc month if he wishes, the remain
der being subtracted, with 4 per cent
interest from his certificate ut the
time of his death.
New members are acceptable only
between the ages of Is and as. Their
expectancy of life being fifty years at
Is and twenty-seven years at as, their
rates are correspondingly lower. They,
too, may elect the term insurance to
any one of the three ages.
The so year term rate on $1,000 in
surance taken out at .ls yearss of age
is but 40 cents month. This increases
to monthly payment of As cents it
taken out when 81. to so cents at 26,
SIS cents at 81, to SO cents at 36, to IS
cents at Al, and up to '45. The term
rate on 81, 900 starts at monthly pay
ment of $l.25. The 10 year term be-
gins ac 60 cents and increases to So a
month.
Other recommendations are:
Privilege of carrying insurance part.
ly whole life and partly term. e. g., a
So, 0CO certificate may be issued. $1,000
whole life, $500 terminating at age so,
ard $500 terminating at age 20; giving
maximum insurance at low cost while
member has oblig ations and dependent
family, yet providing substantial pro-
lection good until death at any age.
Term insurance memb bers continue as
social members after expiration of
term.
Present members over As to age SIS
at level adequate rates for either
whole life or term insurance; all over
81 years carried at rate for age 54, re-
gardless of actual age.
Authorizing small whole life certlti-
Gates of $1OO, 5000, or $500, at proper
tionate rate, in the nature of funeral
benefit.
Permitting payment Of assessments
and dues six or twelve months in ad-
vance
Permitting applicant to provide in
come and support for beneficiary by
payment of certificate in five or ten
equal annual installments, computed
on basis of per cent interest; also per-
mittng adult beneficiary under no legal
disability to take settlement in such in
stallments instead of lump cash pay
ment.
The new table of ra tes on 81, 600 in
surance is rs cents per month for the
member at Is years, running by grad
ual scale to s. cents at 20, 80 cents at
81. ST at 25, $l,l5 at 80, $l,35 at IS,
81 50 at 30 and 81 at 10. with the inter-
veniny ages at corresponding figures.
At 46 the insured pays " 10 per 81, 600.
81 at a. increases by ten cents each
up to 81, when it is So. IS, So 80 at 53,
So at 81 and the same figure from that
age up For $500 the insurance rate is
half, 81. 500 one and one-half, 81, 600
two and So, 600 three times the above
figures.