The Washington times., 1930-09-02
lFE POLICIES
!. VAGUE TO
BUYERS
BY FRANK LOOMS

u BY FRANK LOOMS
The double indemnity clause
and the total disability clause,
now being incorporated in practi-
cAlly all the modern life inslr-
afdce contracts, are very little url-
derstoOd by the average buyer Of
insurance.
by, the payment Of q small
premium in addition to the regu-
lar rate Of about 50 per $1,000 Of
fr-urance for buyers at the age OF
~ The company agrees that In
81 tfTne9cidentaT death they viii
"a ttds4Is the amount Aof the
facA Gsaie policy. For example,
the avsiitge net yearly cost Of q
$40, 70 ordinary life policy. at age
Of 81 is about $40. This
p0liCs woiiid pay $40, 900, in case
0f &C. id, 1taL death. under the
sdouble Indemnity" clause If the
insured lad paid the additional
premium Of $40.
@ Total Disability
BY. further additional payment
Of shout - per 1000 insurance
Or. about $40 on q $4,000 policy;
thu. company agrees under the
sttOtal disability" clause, that u
case the insured becomes totally
diSnbled BY any reason, illness or
accident, and unable to attend
10 business duties, that 1t VIII
WaNee further payment of all
future premiums and Will pay
khe policy in full at maturity
ands Ia addition to this, while the
J. insured Is so totally disabled they
win pay him a monthly income
az 800 q month on $lO'OOV
policy.
There are many ways Of deal
inr with these who do not recog-
nizer that delays are dangerous.
Here are q few suggestions:
Elf YOU carried no fire insur.
aaace but intended to insure your
house next week and the house
ISlrned down tonight, how would
YOU feel9
~ Too Late
q Every year the life insurance
companies refuse to insure the
lives Of hundreds Of persons who
Hpuay for insurance. The ma
l0rity OF them cpLld have OBJ
taihed it had they applied for 1t
az few months or few years
bOol1er. How do you suppose
these people feel today?
3sTI1ere are many men IN every
e0rnriunity who need life inSur-
ance and have been urged to
take It from time to time. but
yno have. refused. And now
they are uninsurable. II these
S6me men were offered insurance
: now. do you think they would
lS0etuone action until q more
convenient time? :.
e Overcome Prejudice
Your wife may be superstitictls
or have some unreasonable preJu'
dice against life insurance. or
may think there are pressing
obliaatfons that should be met
hefore the obligation to insure is
Considered, but widows are always
eager to obtain and are grateful
sto receive insurance money, ana
An most cases, regret that their
husbands had not carried more
life insurance.
There are many widows VINO
are filled with CONSERVATION be"
ealse policies found among their
hgIsband's papers had been al
anwed 10. larse, or because money
ilad been borrowed against them,
thus iulpairing their value. Others
re overwhelmed with distress
Snd reraOrse because they had
persuaded their husbands not to
Insure.
= Term Insurance Low
The very lowest priced life In
xtirarace, for protection only and
fcr D limited length Of time, is
called term insurance: 1t can pc
purchased for one year, five, ten,
rs or 90 year periods. Term
Insurance is not advised except
nj such cases where temporary
protection Is essential. It is often
carried to protect a mortgage
a11 4 home in case Of death be-
fore the maturity OF same, or 1or
8elmporary security against some
Y9ecial Indebtedness. There are
Io cash values or other such fea-
tiftes Is are given in other forms
a higherpriced policies.
Term Insurance. while low IN
cost and more or less only tenn
pcrary protection. Is simply 2
caES al having. to Idle to win"
However. when the need Of the
3smnnrary protection is elirni.
YIdted. the policy can be changed
at any time to another form OF
life insurance in the same COM
Tk1y by paying the difference in
Ireniums at the original date
md age. The cost for the yearly
term IS about as follows:
AEe IS, $l1 80 per thousand
~ Age 80, $12.59 per thousand