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PAGE 4 - PLAINDEALER-WEDNESDAY. SEPTEMBER 10, 1975 The Shopper's Guide to Straight Life Insurance PREMIUMS DON'T REFLECT ACTUAL LONG-RUN COSTS By Herbert S. Denenberg Former Commissioner Pensylvania Insurance Dept. When shopping around for life insurance, it is necessary to consider much more than the monthly premiums. Actual costs may be nearly twice as much for one policy as for another with the same premiums. Take an actual case involving a $10,000 straight life insurance policy for a 20-year- old man. Records of the Pennsylvania Insurance Department show that such a policy with Nor­ thwestern Mutual Life In­ surance Company has an an­ nual premium of $157, only a dollar less than the same policy with Continental Assurance Co. - But after ten years, the comparative cost index devised by experts ta include all per­ tinent factors would show 6.05 for Continental against only 3.51 for Northwestern. By the same token, com­ panies with approximately the same costs to policyholders may have widely varying premiums. For example, the 20-year cost index for the same person with Northwestern would be 2.58,. compared with 2.64 with Bankers Life Co. of Iowa, virtually the same costs. Cash Values Differ... Yet the annual premium for Bankers is only $117 against $157 for Northwestern. Cash values would also differ sub­ stantially over 20 years, with $2,518 for Northwestern and $2,190 for Bankers, a difference of $328. The difference is costs stems not only from premiums and cash values but also from variations in dividend payments. It is not just a matter of how much but also when; generous dividends in the early years a t especially beneficial because of the in­ terest they can acc umulate. A good cost index lakes into account not only how much you would pay in premiums and how much you would get back in cash value and dividends if you surrender the policy; it also takes into account the time when premiums, cash values and dividends would be paid by using a 4 per cent interest factor. There are other factors, however, that are not included in the index. They include the value of professional services supplied by an agent or com­ pany, the relative financial strength , and general reputation of the company and some minor differences in policy provisions. Not all policies, of course, pay dividends. Such policies are known as non-participating ones, in contrast to par­ ticipating (dividend-paying) ones. These terms are often abbreviated to "par" and "non­ par." Dividends Not Guaranteed... Both types of policies are useful. The buyer should decide between them on whether he wants a dividend-paying policy, which carries a somewhat higher premium, or a policy that does not pay dividends. Dividends are not guaranteed. They depend on the financial experience of the company. Dividends do not represent a share of profits but a return of premiums not needed by the you have, the more life in­ surance you may need. Most people who need life insurance do not have enough. But the rule of thumb saying you should get as much as you can afford is not sensible. In analysing your insurance needs, an agent can be most helpful. Comparing Term... Once you decide how much life insurance is needed, the next question is to determine whether to buy straight life or term. Here are the main dif­ ferences : -- Term insurance provides protection only. Straight life combines protection with savings (cash value). - Term insurance premiums increase with age at each renewal (usually every five- years, renewed automatically until age 65). Sraight life in­ surance premiums are usually the same every year and continue past age 65. -- Term premiums are much lower than straight life premiums in the early years but eventually rise and even­ tually exeed straight life rates. -- Term has a cutoff age, usually 65; straight lasts a lifetime. In deciding whether to buy term or straight life, ask yourself: Do you need life-time protection of straight life? If you are insuring mainly for the present and want the lowest possible outlay, then term might be appropriate. If you need to be forced to set aside some savings, then straight life might be ap­ propriate. If you want straight life but cannot afford it, consider a term policy that can be con­ verted to straight life later no matter what your health is. 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. Sophmore Nursing Students Receive On-Job Experience McHenry hospital is the site of supervised practical ex­ perience and observation for the following sophomore students of the Elgin Com­ munity college nursing curriculum: Rita Bach, Nancy Bastjan, Deanne Bereza, Susan Boch and Mary Endler. Also, Vicki Goode, Peggy Hansen, Gladys Harper, Kathy Koch, Donna Matney, Sharon Vierig, and Annamarie Vann. The students are supervised by Lynn Rew, R.N., of the ECC faculty. Legal Notice company to pay for losses and > expenses and not needed for company reserves. Insurance dividends, unlike stock dividends, are not taxable. As a result, the cost indexes of dividend-paying companies tend to be somewhat lower in the long run that the cost in­ dexes of non-dividend firms. Detailed comparisons of cost indexes in The Shopper's Guidebook show, for example, that the lowest 20-year cost index for a par company is 2.11 compared to 3.77 for the lowest 20-year cost index for a non-par company. But many non-par firms have lower cost indexes than par firms for the same policy. Financial Strength... One of the most important factors to consider is a com­ pany's firtSncial stability. Recent scandals in the in­ surance field demonstrate the need to check this point. Many experts suggest avoiding any company not given either of the two highest rating by Best's Insurance Reports, Life-Health Edition. Copies of this publication can be found in libraries and some agents' offices. Before buying any life in­ surance, however, you should be sure you need it. Much life insurance is being sold -- and in huge amounts -- to college students who need little or none at all. If you have no dependents, you may not need life in­ surance. The more dependents Medical Gift WE RESERVE THE RIGHT TO LIMIT QUANTITIES ON SALE ITEMS. MERCHANTS Sale Beer Not Iced mi WINES AND LIQUORS PRICES EFFECTIVE SEPT. 10 THRU SEPT. 16 4610 W. RTE. 120 McHENRY, ILLINOIS FINAL BIG WEEKI Grand Re-Opening Sale Royal Crown Cola GIN Fleischmans SEAGRAMS SCOTCH WHISKEY 100 $ C49 Pipers ® 8-16 0Z. BOTTLES PUERTO RICAN RUM HALF GALLON PLUS DEPOSIT Don Q FLEISCH*^ VODKA Wolfschmidt Diet Rite Cola 8-16 0Z. BOTTLES BRANDY Franzia PLUS DEPOSIT 1 haw i A HALF GALLON BLENDED WHISKY JkiWdpk CELLAR FROM OUR WINE CELLAR FROM OUR WINE Grand Marque 1971 RED BORDEAUX 1972 WHITE BORDEAUX CHRISTIAN BROTHERS Meloso Cream Sherry 99 FIFTH CLIP AND REGISTER Burgemeister Beer 24 12 0Z. BOTTLES $3 19 PLUS DEPOSIT Old Milwaukee 6 1 2 O Z . . C A N S 19 $1 j f Last time to register for the MOO liquor basket! NAME ADDRESS, j CITY STATE PH. VISIT OUR CHEESE SHOP 4 6 1 0 W . R t e . 1 2 0 P H . 8 1 5 - 3 8 5 - 3 2 0 0 LEGAL NOTICE The Board of Education of Johnsburg School District No. 12, McHenry County has changed its regularly scheduled meeting of Sep­ tember 23, 1975 to September 16, 1975. The meeting will be called to order at 7:30 P.M. at the Administrative Office. The Annual Budget Hearing will also be held on September 16, 1975 at 7:30 P.M. at the Ad­ ministrative Office. Bobbie Hart, Secretary Board of Education , (Pub. Sept. 10,1975) Terry Gene Anger Rates Outstanding Young Man Rating The board of advisors for the Outstanding Young Men of America Awards program announced this week that Terry Gene Anger has been selected for inclusion in the 1975 edition of Outstanding Young Men of America. The Outstanding Young Men of America program is spon­ sored by leading men's civic and service organizations throughout the nation. Serving as chairman of its twelve-man advisory board is Doug Blankenship, U.S. Jaycee past president. In every community there are young men working diligently to make their cities Jim O'Heir, left, Emergency Medical Services coordinator for McHenry county, and Dr. Bernard Miller, chairman of the Executive committee for the McHenry Medical Group, examine obstetrical manikin given by physicians of the Medical Group to the State of Illinois Emergency Medical Technical (EMT) training program. STAFF PHOTO-WAYNE GAYLORD An "obstetrical manikin" that does almost everything in simulating childbrith except pass out cigars has been given by the physicians of the McHenry Medical Group to the State of Illinois Emergency Medical Technician (EMT) training program. 4 The EMT program is part of the state-wide Emergency Medical Services (EMS) trauma system and emphasizes pre hospital care. There is a basic and advanced EMT course. The latter trains paramedics. "The Medical Group believes in the EMT program, and we found there was need for a manikin like this," said Dr. Miller chairman of the Executive committee, McHenry Medical Group. "The manikin helps the EMTs to be familiar with the emergency childbirth situation so there's no hesitation when the real situation arises." The life-size pelvic section duplicates the woman's anatomy. The manikin has life­ like skin, a disposable um­ bilical cord, a placenta with fetal and maternal sides and interior canals for the simulated blood and amniotic fluid. The size and weight of the fetus approximates that of a newborn baby. The fetus can be delivered through the birth canal in the vertex, face or breech positions. and country a better place in which to live. These men, having distinguished them­ selves in one or more fields of endeavor, are outstanding and deserve to be recognized for their achievements. The criteria for selection include a man's voluntary service to community, professional l e a d e r s h i p , a c a d e m i c Band Instrument Rentals • PWSB FROM TONES Let your child experience the joy of performing in the school band. All students are eligible to take part in the instr­ umental program of their respective school. Les­ sons and band are offered through the schools at no charge excepting that the student furnish his own instrument. For details of the total school band program, we suggest that you contact your sch­ ool's band director. Parents from area schools can also obtain full information by calling us at 815- 385-4646 or stopping in at our store. Don't sign any rental contract until you have talked to us. Remember at Tone's we offer quality instruments, reasonable rentals, efficient service, plus many ex­ tras that only can be offered by a local store. 'SERVING A MUSICAL McHENRY SINCE 1964" TONES 815-385-4646 3719 -2^. ELM STREET McH^NRY, ILL. 60050 achievement, business ad­ vancement, cultural ac­ complishments and civic and political participation. Anger, along with ap­ proximately 9,000 fellow Outstanding Young Men from the United States, will be featured in this prestigious annual awards publication. He is production manager for Hyland Laboratories, Round Lake, and a C C D. teacher at St. Patrick's church. m e r i c a n V i e w p o i n t s Look not mournfully into the past. It comes not back again. Wisely improve the present. It is thine. Go forth to meet the shadowy future, without fear, and with a manly heart. Henry Wads worth Longfellow Howdy Two guys were sitting on a bench. One turned to the other and said, "I'm aching from neuralgia." "Howdy!" replied the other, "I'm Slim Jackson from Oakland." Across From Jewel Food CALL AND ASK ABOUT OUR NEW CUSTOMER PROGRAM