Jasper County Democrat, Volume 14, Number 84, Rensselaer, Jasper County, 31 January 1912 — THE NEW WOODMEN RATES [ARTICLE]

THE NEW WOODMEN RATES

Will Cause Many Members to Drop Out of the Order. The new' insurance rates of the > ' -43 Modern. Woodmen of America, which were adopted Saturday at the meeting ot delegates in Chicago, are likely in thousands of members dropping out. The new rates aggregate an increase of 47 per cent over the present rates, and the increase is particularly hard on old members. For ample, the Writer carries $2,0 00 on which he is now paying $1.40 per monthly assessment. Under the new rating at our age when the new nates for old members takes effect (Jan. 1, 1913) we will have, to pay $4.80 per month, or $3.40 more than w r e are now paying. The new rating for new members takes effect May 1, 1912, and where an T 8-yeair-old member now pays $1.50 per month for a $3,000 policy, he will pay $2.25 under the new rating. After the age of 54 (present old members) the rate of $3 per SI,OOO does not change, but continues the same until death. The increase is so radical that thousands of old members who are now on the shady side- of life cannot possibly keep up their insurance, and will be forced to drop out.