The General Plan of the Association is of the same order of the many existing Co-operative Benevolent Societies in which an insurer pays an "Admission Premium" to the agent of the Association. Subsequently, in case of death, an assessment is made upon said insurer as well as upon the others, and when it is collected it is paid over to the beneficiary of the deceased, the money actually not being in the hands of the Association, as a rule, 30 days.
HOW TO SECURE MEMBERSHIP, AND COSTS.
Any person, male or female, between the ages of 15 and 70, can secure $6,000 Insurance, or less, in this Association.
COST.—Each $1,000 insurance costs the insurer $10.00 as a membership fee. Thereafter, $2.00 semi-annually expense fee and assessment for claims as per table.
| TABLE OF ASSESSMENT RATE. | COMPARATIVE ASSESSMENT TABLE. Comparative Assessment Table for a party aged 68 years. | ||||||||
| AGES 15-40 40-60 60-65 65-70 | PAY 10 15 20 25 | A member having a Policy of $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 | Would pay upon a loss of (See columns below.) | Remarks. | |||||
| $1,000 | $2,000 | $3,000 | $4,000 | $5,000 | $6,000 | ||||
| Cents per $1,000 death loss for every $1,000 indemnity a person has. | $ .25 .50 .75 1.00 1.25 1.50 | $ .50 1.00 1.50 2.00 2.50 3.00 | $ .75 1.50 2.25 3.00 3.75 4.50 | $1.00 2.00 3.00 4.00 5.00 6.00 | $1.25 2.50 3.75 5.00 6.25 7.50 | $1.50 3.00 4.50 6.00 7.50 9.00 | The rate being 25 cts. at this age, of course for a lower rate a corresponding difference will occur. | ||
| Other associations would, in every instance, charge the highest rates, as given in the lower line. | |||||||||
THE ORIGINAL AND ONLY LOW ASSESSMENT ASSOCIATION IN THE UNITED STATES, WITH ITS PLAN COPYRIGHTED. ITS PATRONS PAY AS THEY GO, AND GET WHAT THEY PAY FOR.
ITS PRINCIPLES ARE:
A Mutual Performance of Honest Obligations, and Equality to All.
RELIABLE PATRONAGE AND SOLICITORS WANTED. ADDRESS THE SECRETARY.