ZajednicÌŒar = Fraternalist. [volume] (Allegheny, Pa.) 1894-current, 1955-11-16
Automatic Premium Loan

Section 1877 Automatic Premium Loan will
be made if due written request shall have been in
cluded in the application for benefits be filed
at the Home Office of the Union before default in
premium payment as follows:
If any due premium be not paid before the end
of the grace period the Union will loan automatic
ally the amount then due Loan Indebtedness
40 per annun, provided the loan value is sufficient
to secure all Indebtedness including such unpaid
premium with interest. The same benefit will be
applied from time to time, unless revoked in writ
ing by the Member, premiums become due and
not paid, long the available loan valul is
sufficient to pay for one m days insurance at me
premium payment at any time while the contract
is continued in force without furnishing evidence
of insurabity.
- If member has maintained himself in good
standing for three years or longer q years on 20
Year Endowment certificates), and ceases to pay
his dues, and does not within 80 days make writ
ten request for any Of the Options provided in the
certificate, the Croatan Fratenal Union will auto
atically maintain his certificate in force pro-
vided above, and the lodge shall be reimbursed
for amount equal to months dues.
Policy Loans
Section '128 At any time after cash value
is available and while this contract Is in force,
the Union will make loans the sole security Of
the contract duly evidenced in writing. The loan
may be for any amount not not IN excess OF the Net
subject to deduction of any existing loan hereon
and any unpaid portion of the premium for said
year and interest on the loan. Interest shall be at
40 per annun,, payable in advance to the next
contract anniversary and annually thereafter, and
if not paid when due shall be added to the principal
and shall bear interest at the rate All or any
part of the loan may be repaid at any time before
default in premium payment and failure to repay,
to pay interest thereon, shall not void the con-
tract until the total Indebtedness equals exceeds
the then Net Cash Value, not until thrty-one days
after notice shall have been mailed to the last
known address of the Member.
Guaranteed Values
Section 129 When non-forfeture values
available according to the Table Of Guaranteed
Values contained in the certificate therein called
the Table, of the following options may be
elected within sixty days after the due date of any
unpaid premium by filing a written request with
the Union at its Home Office, accompanied by the
contract.
+. Option (a) - Cash Value - To surrender the
contract for amount which shall be the cash
value set forth in the Table plus the cash value of
any paid-up additions, plus the amount of any dvi-
dends with accumulated interest thereon standing
to the credit of the contract less any Indebtedness
therein called the Net Cash Value); or
Option (b) - Paid-Up Insurance To have
the contract continued participating pad-up in
surance in the amount stated in the Table, payable
at the time and under the same conditions
this contract; except that If the aforesaid Net
Cash Value is greater less than the cash value
set forth in the Table, the paid-up insurance shall
be increased or decreased proportionately;
Option (c) II Extended Insurance - To have
tended insuraT from the due date of the premium