Jasper County Democrat, Volume 21, Number 104, Rensselaer, Jasper County, 29 March 1919 — INSURANCE RATES ARE RAISED [ARTICLE]

INSURANCE RATES ARE RAISED

In M. W'. A. to Meet Large Increase in Death Losses. At a special meeting of the head camp of the Modern Woodmen of America held in Chicago this week the insurance rates were raised to meet the abnormal death losses resulting from the influenza epidemic which reduced the beneficiary fund from $12,000,000 to $700,000. On the present membership the increase is a flat advance of 50 per cent and all new members hereafter will have to pay materially Increased rates. Two tables of rates were adopteu at the session, one for new members is based upon the experience of the Modern Woodmen of America and is materially lower than the national fraternal congress table of rates. This will meet the requirements of the adequate rate laws ot the order. The table of present members increases the present rates 50 per cent beginning with 75 cents per SI,OOO of insurance at ages of 17 to 18, increasing by 5 per cent steps until $1.50 is reached at the age of 35.