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PAGE 16 - PLAINDEALER-UEDNESDAY. JULY 30, 1975 Twice Told Tales FIFTY yEARS AGO (Taken from the files of July 30, 1925) C.W. Stenger, local banker and realtor, announces the sale of the Hanley Estate farm of 728 acres, located just on the western limits of McHenry to Myron H. Detrick of Chicago. The Ladies Cemetery Aid Society was established some time ago in connection with taring for the Woodland cemetery which is situated near St. Mary's church. Out of respect for departed relatives and friends some of the ladies of our city have founded this organization. "Power Must Always Flow", a poster produced several months ago, by the Public Service company of Northern Illinois was one of the six that received highest honors at a recent poster show in the Art Center in New York City. Miss Emily F. Rorer, who has been doing missionary work for the Methodist church in China since June 1923, is now visiting her grandmother, Mrs. Button, in our city. Miss Rorer has been staying at one of the many missionary centers near Peking and has been assisting in the Peking Union Medical hospital. Henry E. Berkircher died at The Shoppers Guide to Cutting Insurance Costs SOME POLICIES COST 300% MORE FOR SAME COVERAGE By Herbert S. Denenberg Former Commissioner Pensylvania Insurance Dept. When you buy a car, you naturally shop around to make certain you are getting your money's worth. Even a dif­ ference of 1 or 2 per cent may cause you to take your business elsewhere. Yet when you buy insurance, one of the largest pifrchases you may make in a lifetime, do you compare costs among competing companies? Mqst people assume that there is no substantial dif­ ference in cost among com­ peting insurance companies, so they have no reason to shop around. Yet differences can be huge. Data submitted by life in­ surance companies to the Pennsylvania Insurance Department indicate that some firms charge 200 to 300 per cent more than others for exactly the same coverage. For example, a "straight" life insurance policy sold by one company costs 324 per cent more than the same policy sold by tfce lowest cost company. Furthermore, lower-cost companies tend to be stronger financially and are less likely to delay or refuse to pay when a legitimate claim is filed. Save With Term Further savings are possible by choosing term life in­ surance. At younger ages it is possible to get 250 per cent more insurance protection with term than with cash value insurance--for the same cost. Still more savings are available by shopping around among companies selling term insurance. Some charge twice as much as others for exactly the same coverage. Figures compiled by the Insurance Department also show premium variations of 60 to 100 per cent for insurance to cover auto accidents, house fires, doctor services and hospital care. (The Shopper's Guidebook contains detailed tables showing actual long-term cost of comparable policies for various types of insurance, but they are not reprinted here for lack of space.) If such savings are available, why aren't they better known? 'fhe main reason is that in- su#mce has become an ex­ tremely complex business: a go#d example of the simple idea made complicated. In life insurance, for example, the amount of annual premiums is not an accurate measure of long-term costs to the policyholder. Two policies with the same premiums from different companies may have substantially different costs over 10 or 20 years. Most of the difference may lie in the dividends, which in turn will depend on the quality of company management, its selectivity in choosing policyholders and its record on policy lapses and mortality of policyholders. There may also be substantial differences in cash values. Many Variations Much of the confusion over insurance comes from the large number and variety of policies where a simple one could do the same job. By adding a gimmick or variation on basic coverage, a company can claim a unique product that cannot be com­ pared precisely with another. Complicating matters fur­ ther are deceptive sales pitches by salesmen and ad­ vertisements. These arise largely because of the natural desire to make as much money as possible. , For example, most com­ parisons of projected insurance costs use what is called the "traditional" method. Money £aid in as premiums are totaled for, say, a 20-year period; from them, cash values and dividends are deducted, leaving the "nef'cost, which is divided by 20 to get per-year costs. Many leaders of the in­ surance industry agree that this method is misleading because it ignores interest, the time value of money. Interest can be a substantial factor over a 20-year period. Most insurance salesmen sincerely want to be of service to their customers, but they also want to sell as much In­ surance as they can. They also prefer to sell the most ex­ pensive kind since they usually make proportionately more money that way. To make matters worse, most insurance policies-and some advertisements and promotional literature--are written in legal and technical jargon that can give even a lawyer a headache. Poor Readibility One study showed that the standard automobile insurance policy is harder to read than Einstein's Theory of Relativity. As much as one-fourth of the complaints received by state insurance agencies could be eliminated by more readable policies. If you think you need in­ surance, the first thing to do is to consider all your needs together. Once you have a good idea of what kinds of insurance you want or need, the next step is to choose a competent agent. Finding such a person may be difficult, however, for there are not enough competent insurance agents to go around. For the best results, try to get a full-time agent with ex­ perience. Avoid part-timers who sell insurance as a sideline. Good sources of ad­ vice are a local banker, lawyer, businessman or personal friend. You should also look for special educational and professional qualifications which are indicated by the initials CLU, for Chartered Life Underwriter, and CPCU, for Chartered Property and Casualty Underwriter. Questions To Ask To help evaluate an in surance agent, here are ten questions to ask about him: Does he check with you least once a year to see if yotfr policies need to be changed, such as Uk reflect rising real estate values? Does he explain your policies and what they cover adequately? Does he explain "any suggested changes in your insurance program? Does he return your calls and answer correspondence promptly? Does he explain the cost and coverage differences between companies? Does he show you the in­ terest-adjusted cost of life insurance? Does he explain the use of deductibles that can save money on auto and homeowner's coverage" Does he place you with in­ surance companies that are strong financially and show you the company's rating to prove it in Best's Reports? Does he help vou file a claim0 Is he a CLU'or CPCU? You should be able to answer "yes" to such questions if you have a good agent This series is based on The Shopper's Guidebook to Life Insurance, Health In­ surance, Auto Insurance, Homeowner's Insurance, Doctors, Dentists, Lawyers, Pensions, Etc. by Herbert S. Denenberg. Consumer News Inc., Washington, D.C., 20045. 156 pp. $3.50. the Woodstock hospital. July 22, at the age of 58 years. Residents of McHenry and surrounding territory will be given the privilege Saturday night of this week of listening to a Chicago band being the Camp Covenant band from up the river where the Bnai Brith boys are camping. This concert is being sponsored by Central Bnai Brith Council, Chicago, of which .J Rheim is chairman. The band is composed of twenty pieces FORTY YEARS AGO (Taken from the files of Aug. 1, 1935) Miss Kathcrine Kunz, who underwent an operation at St. Therese's hospital, is doing nicely and is now staying at the home of Fred Kunz. The Goodyear Blimp, Reiliance, circled McHenry Monday even'ing. its red lights flashing an advertisement of the second annual carnival sponsored bv the V.F.W. at Crystal Lake Some fine work is being done on the community bathing beach on Fox river at the foot of Washington street. Weed£ in the river have been cut and the shore lines cleaned and the sandy beach has been enlarged to take in t^vo beautiful shade trees. A pier is being built as well as a raft which will be anchored in the river for bathers to rest on John Knipfel, 87, died at the home of his daughter, Mi;s. George Dowell, after an illness of only a few days. He was born Feb. 5, 1848, in Prussia, Ger­ many. When two years old he came with his parents to Waukesha, Wis., and lived there till fifty years ago, when he brought his family to Il l inois and settled in Volo. Forty Boy Scouts from McHenry Council will be guests of the Chicago Cubs Thursday afternoon at the Pittsburg game. Beginning today, Aug. 1, .John Stilling's Service Station, located on Elm street, McHenry. becomes a Phillips ,66 .station. A speed boat was destroyed by fire on Fox River Sunday afternoon opposite the home of Mrs. John R. Knox. Two boys, occupants of the boat, were taken out by another boat. TWENTY FIVE YEARS AGO (Taken from the files of Aug. 10, 1950) Cecil A "Mush" Moore and his nine dogs arrived in town about 5 o'clock Friday af­ ternoon and rested for two hours m the Legion parking lot before continuing his journey. The only information contained on the side of the wheeled sled which carried provisions were the words "Fairbanks, Alaska, to Lewiston, Maine." The seven and one half year old lead dog has traveled 20.000 miles, according to his owner. A McHenry man, Charles Weingart, is a member of the blue ribbon county Farm Bureau tug of war team which will compete for state honors at the fair in Springfield during the next week. Arthur Thorns has been called for extended active service in the Army Air Corps. He will report for duty on Friday, Aug. 11. Mervin Staines, son of Mr. and Mrs. William Staines, was gored by a bull on his parents' farm. He was putting the bull in the barn when the animal rushed at him and threw him to the floor. He managed to grab a board and protect himself from further injury until he could get out of the building. One ol the loveliest of local summer weddings was solemnized last Saturday evening. Aug. 5, in the Com­ munity Methodist church when Miss Esther Jean Orr of this city became the bride of Mr. Earl I Tessendorf of Crystal Lake. Rev. J. Elliott Corbett officiated at the double ring ceremony. Mis. Clarence Douglas, Mrs. Harry Ferwerda, Mrs. Ray Conway and Miss Genevieve _Knox are attending summer school at the National College education in Evanston. TEN YEARS AGO (Taken from the files of Aug. 5, 1965) Louise Ruggero of Wonder Lake has been selected to reign as Miss Wonder Lake for the year 1965-66. The dedication of the Bollman Pavilion of the new McHenry hospital will take place Aug. 22. Bollman Pavilion is the self care pavilion of the new hospital and has been memorialized by Mrs. Mildred Bollman, a former resident of McHenry in honor of the memory of her late husband, Bernard Bollman. Mr. Bollman was one of the Here And There In Business • " Bank For Savings And Loan Assets Top sf Billion House okeys $46 billion debt limit hike. Assets of the Bank for Savings nd Loan associations, original founders of McHenry hospital About 100 boys and girls from McHenry and Wonder Lake boarded busses for Rockford to see the Shrine Circus. Among the enthusiastic youngsters were members of the Little League of McHenry. The Fox Valley Riders motorcycle club of McHenry scrambles race will be held Sunday. Aug. 8 at their track on the R-6 Raven farm, 3 miles north of 176 and 3 miles south of 120 on the Griswold Lake blacktop. Two McHenry athletes, who copped first place honors at the sectional meet of the Illinois Junior Sports Jamboree at Cary are scheduled to enter the state contest at Charleston Aug. 5-7. The two finalists are Brian McCafferty in 50 yard dash and Dorothy Kupstis in baseball throwing event. Mercury, an eighteen year old Vietnamese girl, arrived last Sunday to spend the next year attending M.C.H.S. She will stay with Mr. and Mrs. Ed Guettler. From half way around the world, she travelled first by plane and later by bus. 39 South LaSalle street, have topped the $1 billion mark for the first time in the bank's history. Arnold J. Rauen of McHenry. bank president, announced July 25. The bank was established seven years ago by a number of savings and loan associations in Illinois to serve the needs of that industry. The bank serves the savings and loan industry exclusively and is owned by more than 100 savings and loan associations and their principal officers. Rauen also reported that earnings for the bank for the first six months in 1975 were a record for any six-month period in the bank's history. At the same time. Bank Directors declared the regular yearly cash dividend of $1.75 per share payable July 22 to stockholders of record June 30, 1975. Arnold J. Rauen, president of the bank, and Charles M. Adams, president, McHenry Savings and Loan association, McHenry, also are directors of the Bank for Savings and Loan Associations. DECLARE DIVIDEND The board of directors of Oak Industries, Inc. has declared a quarterly dividend of 10 cents per share on the common stock, payable Sept. 10 to shareholders of record Aug. 27. 1975. £ '•l-sioss IMA»I1 r INTERIOR LATEX SEMI- GLOSS ENAMEL $789 J GM. • SELF PRIMING • N0N TOXIC • WASHABLE • THOU* REG. $9.89' • WATER £LEAN UP VYCITAL HARDWARE ' v. 1228 Green St. McHenry osco Sbhua McHenry,III. 3720 W. Elm Here are 3 good reasons to try Osco Brand: STORE HOURS: MON. THRU SAT. 8 am-9 pm SUN. 9 am-6 pm ^ a. OSCO' BEAUTY MARK Herbal Essence Shampoo 16 ounces c OS«£L BRAND Many Osco Brand formulas are identical to the nationally adver­ tised brands Di f fe rence 107 OSCO Prices effective Wednesday, July 30 thru Saturday, August 2. 1975 Osco Brand products are guaranteed to please -- we have written guaran­ tees for everything we sell. JtDlCAT^ Clairoi Herbal Essence Shampoo i 039 16 ounces OSCOS OSCO Flouride Toothpaste 7 ounces OSCO Balsam Conditioner 16 ounces OSCO Medicated Skin Cream 8 ounces Noxzema You do not have to help pay for nat ional advertising or middlemen be­ tween manufac­ turer and retailer. HERBAL ESSENgj SHAMPOO TT. f OSCO BRAND Dif ference Wella Balsam Conditioner 16 ounces ^^57 • Crest 7 ounces Regular or Mint Skin Cream | 6 ounces For Comparable Sizes OSCO'S BEAUTY MARK Therapeutic Bath Oil 16 ounces OSCO Aller-Tabs Pack of 24. 79c OSCO Pain Reliever Without Aspirin Bottle of 100 -A 49 OSCO Sleep Tablets Pack of 24 OSCO Fortified Vitamins With Iron Bottle of 100 OSCO Amber Mouthwash 16 ounces c osco Aspirin Bottle of 100 49c Alpha Keri Bath Oil 16 ounces Listerine 14 ounces 02 Sominex O Pack of 32 •• For Comparable Sizes Geritol Bottle of 100 Bayer Aspirin Bottle of 100. 96c Tylenol Bottle of 100. 4 79 Allerest Pack of 24. Jk 40 OSCO Baby Oil osco Baby Shampoo 16 ounces OSCO Baby Powder 14 ounces 16 ouncer, OSCO Baby Lotion 16 ounces 29 osco Vitamin A & D Ointment 4 ounces WHITE'S A&D Ointment 4 ounces 4 39 OSCO Vitamins & Minerals Bottle of 100. ^77 »:sf osco Petroleum 16 ounces JOHNSON'S Baby Shampoo 16 ounces -«99 JOHNSON'S Baby Powder 14 ounces ^ 1 6 JOHNSONS Baby Lotion _OQ 16 ounces JOHNSONS Baby Oil j 83 Unicap M Bottle of 90 VASELINE Petroleum Jelly A 35 15 ounces S For Comparable Sizes 16 ounces For Comparable Sizes Liquor Available at Licensed Oscos only. LANCERS Rose' Fifth LWCERs K f i r CANADIAN MIST Blended Whiskey GALLO Spanada Half Gallon SEAGRAM'S 7 Crown Half Gallon ^ CANADIAN MIST E <«--w Half Gallon ' Almaden Mountain Wines Milwaukee Beer SMIRNOFF Vodka Half Gallon FLEISCHMANN S IW in Half Gallon GALLO Pink Chablis Half Gallon 6 Pack -- 12 ounce Cans Red Burgundy •White Chablis ' •Rhine 59 Half Gallon your Choice 1 80 Proof i I