Evening Republican, Volume 16, Number 29, Rensselaer, Jasper County, 2 February 1912 — WOODMEN HAVE MADE INSURANCE BUSINESSLIKE. [ARTICLE]

WOODMEN HAVE MADE INSURANCE BUSINESSLIKE.

Rates Higher But No Longer Guess-work-Members Have Options That Deserve Consideration. George Mustard, clerk of the local Modern Woodmen, of America, has received a circular letter from John D. Volz, of Indianapolis, the state deputy. of the order, in which are set out the following options for members: 1. Natural premium with no reserve, which is lower than other rates while member is in prime of life, but increases to a high cost at old age. 2. Whole life level rate guaranteed by a reserve. These rates run from 75 cents per month at age of 18 to $2 per mqnth at age of 45, and do not increase with age. After two years will provide for surrender values in paid up and extended insurance. 3. Term insurance to age 50. Rates age 18, 40 cents; age 45, 65 cents. 4. Term insurance to age 60. Rates age 18, 50 cents; age 45, 90 cents. 5. Term insurance to age 70. Rates age 18, 60 cents; age 45, $1.30. 6. 7, 8 and 9 are for policies fully paid up in 15, 20, 25 and 30 years. Based on the age of 35 years, the rates vary from $2.15 for a 15 year policy down to SI.OO for a 30 year policy. Mr. Volz points out that by comparison it will be found that these rates are lower than can be found from any other reliable company and that in the futufe Woodmen stability will be guaranteed by a reserve sufficient tp remove all doubts. It is not improbable that there will be a number who will leave the order because of the raise in rates, but If they will make a little study of rates between now and Jan. Ist, 1913, when the new scheme of operation goes into effect, they will find that they are being given for a greater cost a real insurance to replace a haphazard sort that was drifting to certain failure. It is now a good business proposition and the man with Woodman insurance will leave a legacy as dependable as that of any old line company. The action is to be commended and it is hoped every Woodman will maintain his insurance, which he is quite certain to do if he makes a study of the options between now and next January when the new rates become operative. Personally we consider the new Woodmen insurance worth many times the old, a guaranteed insurance against one that was sure to finish in bankruptcy and disappointment To be a Woodman now means more than ever before. It means protection of quality instead of merely hope. It can be recommended without hiding your face. * ‘ Anyone desiring rugs made out of old carpets call up Alfred Donnelly tor information, Phone 501-Lu Representing the Western Rug Co., Chicago.