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

defauted for the Face Amount for the period of
years and days set forth in the Table and receive
at the expiration of such period the amount Of Pure
Endowment if any, therein stated; except that IL
the Net Cash Value differs from the cash value set
forth in the Table the extended term insurance
shall be for an amount equal to the Face Amount
plus the amount of any pad-up additions of any
dividends with accumulated interest standing to
the credit hereof less any Indebtedness. The term
shall be for such period as the Net Cash Value
will purchase as a net single premium at the then
attained age of the Member Cbut not extending
beyond the Maturity Date hereof. The attained
age of the Member for dates between anniversaries
of the date of issue shall be obtained by interpola-
tion. The amount of any pure endowment payable
at the end of the extended term period shall be
that amount which the Net Cash Value Cafter de-
Quoting the single premium for such extended term)
will purchase as net single premium for pure en-
dowment.
Determination of Values
Section l3O. The cash value set forth in the
Table at the end of any contract year is the excess,
if any, of the then present value per One Thousand
Dollars of the future insurance benefits guaranteed
hereunder exclusive of any benefits arising from
dividends or provided by any Additional Indemnity
or Total and Permanent Disability Provision which
may be attached hereto) the then present
value of a life annuity payable in advance of such
annual amount as the Non-forfeture Factor stated
in the Table provides, and payable for the remain
ing premium paying period Calculations of present
values and single premiums are made on the basis
of the following assumptions: ) Mortality accord
ing to the Commissioners 1941 Standard Ordinary
Mortality Table (2) Interest at three per cent per
annum; and t3) Death benefits payable at the end
of the contract year of death. The period of ex-
tended insurance land the pure endowment, if any
snail be determined Dy applying Lne Net CdSn Ndlu6
a single premium according to the 1900 1941
Commissioners Standard Ordinary Mortality Table
with 80 interest
The cash value Of (a) paid up insurance and
(b) extended Term insurance and pure endowment,
if any equal to the Single Premium therefor
at the attained age of the Member and each are
equal, at the due date of the premium defaulted,
to the value of the cash option. The cash value of
any pad-up dividend addition is equal to the single
premium therefor calculated on the above assump-
tions and is less than the dividend applied to
the purchase of such addition
Designation of Beneficiaries
Section 1871. A member may designate as
beneficiary of his death benefits any
of the following groups:
a. Lawful spouse
b. Children Gncludng children by adoption and
@ Parents Including step-parents);
d. Brothers and Sisters Including those Of the
half blood;
e) Grandchildren;
~ Grandparents
g) Unces Aunts (by blood or affinity;
h) NepheWs Nieces;
~ Father-n-law mother-n-law, sster-in-aw
in-aw, daughter-in-laW;
j Blood relatives to the fourth degree;
Ky To a lodge the Chidren's Home;
y Those upon whom member is entirely de-
pendent for food clothing, maintenance or
education
M Those whom the Executive Board approves in
accordance with State Laws
Should the member have none of the relatives
mentioned above and should he have no blood rela-
may then direct that the death benefit be paid to
his estate.
Section 1872. A member who is permanently
disabled either by accident disease age who
has insufficient means for self-support, where the
laws of the State in which said member resides
permit, said member may designate, with the ap-
proval of the Executive Board, his beneficiary
any charitable organization, or person or persons
who in a writing satisfactory to the Executive
Board shall undertake to support said member In
such event. said person institution shall in add-
tion to such support pay the dues of said member.
Section i3s A member must designate the
share each beneficiary is to receive and should
he fail to do So the death benefit shall then be dis
tributed to all benefciaries in equal shares.
Section 1874. A member may designate up to
$4,000 for funeral expenses and up to $4,000 for
monument, if State Laws so permit.
If the funeral expenses paid from other
sources then the designated amount shall be paya-
BILE to the legal representative of said deceased
member.
If amount is designated for funeral expenses,
and the lodge submits evidence that same must be
paid the Croatian Fratenal Union may then pay
up to 100000 for such funeral expenses if per-
mitted by State Law, which amount is then de-
Quoted proporonately from the shares of the bene-
ficiaries.
No personal debts of deceased member shall
be paid from his death benefit other than Croatian
Fraternal Union or Lodge dues.
Section 1856. When two benefciaries
are named in the certificate, in the event of the
death of more of them prior to the death
of the member, the member having failed to desig-
nate another beneficiary, then the amount. to be
paid under the certificate shall be paid to the sur
viving designated beneficiary, beneficiaries If
any. Whenever at the death of member none
of the beneficaries named in his certificate shall
be living, then and in such case, the sum due upon
Sucn Ceft1lCale snail De pdlu 10 the HeHlDeT
estate. In the event deceased member does not
leave beneficiary for any reason whatsoever, the
shall be paid to the Union for the benefit of
the Children's Home.
Section 1856. No divorced husband wife 10
entitled to any death benefit on the certificate Of
the member; and if the member fails to designate
beneficiary in place Of the divorced mate,
the death benefit shall be paid to his legal heirs.
Falsely stating relationship for the purpose
of naming beneficiary though shall be
cause to void said designation, and in which event
the death benefits shall be payable to the legal
heirs of the deceased member.
Section 1877. If member falsely stated his age
upon acceptance, which caused insufficient pay
nent into the Mortuary Fund, and this fact was
discovered upon his DEATH then the death benefit
shall be graded and paid according to the sum
paid at his correct age would have purchased.
If such misstatenlent caused the Croatian Fra
ternal Union to issue larger certificate than the
member would have been able to obtain had he
stated his correct age then the benefciaries shall
receive death benefits only in the amount to which
the member was legally entitled, plus refund OF
mortuary dues for any overpayment without In
terest Said refund shall be payable to the member,
If living.
Section 1885, member who made false state