The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

22 WINNETKA WEEKLY TALK, SATURDAY, JULY 18, 1925 NEWS OF INTEREST IN REAL ESTATE AND BUILDING FIFLDS Your Insurance Edited By F. J. Budinger Life Insurance Reasons for Carrying Life Insurance. The many reasons why men carry life insurance fall into three general classes. In presenting life insurance, two fundamental things must be de- termined. Firstly, what are the pros- pect's needs; and secondly, what pol- icy will best satisfy them. The classes of insurance needs are: Family Protection; Self Protection; and Business Protection. Family Protection. Family protection requires a policy which will provide for the insured's wife, children, parents or other de- pendents. Used in connection with a family the words "protection" and "provision" are very broad terms. In the last analysis, however, they sig- nify something to be used by the fam- ily, and which may be obtained with money. For instance, a man may desire his children to have an education; he may want his wife to receive a lump sum of money at his death or a yearly or monthly income as long as she may live after his death; he may wish to supply her with sufficient money to lift a mortgage on their home, or to pay debts of some other sort; he may be anxious to arrange a dowry for his daughter, or to set aside a sum suf- ficient to start his son in business; and in any case, knowing that cash is al- ways needed for living expenses and that cash incomes or returns from property or investments are often sea- sonable and rather uncertain, he may prefer to arange for the certain and immediate cash provided by a life in- surance policy. Whatever plans a man may enter- tain for the future of his family, it is reasonably certain that money will be required to carry them out. It is also reasonably certain in a high percentage of cases, that should he die before they are fulfilled, the money to carry out will never be forthcoming unless he carries life insurance to provide money for that purpose. Usually the ordinary or limited payment life policy suits family protection needs, but for such things as education, the endowment policy would, in most instances, answer best. Self Protection. "Self protection is the first law of Jidture, and is never entirely absent ------ iT Che's mind when considering the taking out of a policy. for any purpose, whatsoever. It is on account of this fact that practically every policy is- sued by modern companies has some sort of provision whereby the policy- holder himself may benefit if circum- stances render its protection un- usable to those for whom it was orig- inally intended. When listening to an agent's presentation of the benefits a policy will provide for his family, the questions, "Where do I come in?" "Is there somewhere a chance for me to lose?" are constantly hovering in the back of the prospect's mind. The general idea of protection for one's self is that the money put into life insurance will come back to him if things should turn out in such a way that his beneficiaries under the policy would not need the money. Suppose a widower with an only child desires «0 carry a policy to protect the child. +f the child dies first, will he lose the money he has put into the insurance? The answer is that the beneficiary may, in such a case, be changed to someone else, or the policy may be made payable to the insureds estate, or it may be surrendered at any time for cash as shown in the policy itself. In any case, and under any policy (ex- cepting term which has no cash value upon surrender) the insured may divert the policy to his own use and benefit. Provision for the policy-holder's own old age is incorporated in one form or another, in most policies except Perm. Provisions for ihcome for the policy-holder himself, in case of Total and Permanent Disability, may be in- cluded in the policy contract if de- sired. Most life policies, excepting term, provide for the financial protection of the policy-holder himself at his discre- tion. At a later date, we will explain an insurance annuity, which is the most complete form of self-protection. Among other things, we might state here briefly that the general idea of an annuity provides an absolute cer- tain income to the policy-holder from a certain age in his life, continually to his death. In our article next week, we will discuss business life insurance. STONE ACCLAIMED AS KING Lewis S. Stone, who plays the lead- ing male role in "Confessions of a queen," the Victor Seastrom Metro- Goldwyn-Mayer procuction, has been generally acclaimed the favorite King in pictures. Long ago when Stone played only ci the stage h: depicted many King roles. When he first came into pic- tures he played straight roles and then in "The Prisoner of Zenda," he wore his uniforms so royally that on every hand it was said he actually looked a king. COOPERATE IN PLAN PROJECTS Realty Operators to Assist City Planners Bringing the most foresighted ideas in city planning and regional planning to focus through the tests of practic- ability and experience will be the pur- pose of a newly formed joint commit- tee on the establishment of standards in subdivision planning and subdivi- sion control which will represent the National Association of Real Estate boards, the National City Planning conference and the American Institute of City Planning. Irenaeus Shuler, of Omaha, is chair- man of the committee of the National Association of Real Estate boards authorized by the directors of the as- sociation to co-operate with similar committees: of the planning organiza- tions to make possible unification of effort of the specialist in city planning with the realty operator who is actu- ally engaged in the work of city build- ing. The joint commission will study best methods of controlling growth of new residential and industrial areas, particularly of areas contiguous to cities but outside their corporate limits. Other members of the committee from the National Association of Real Estate boards, chosen from the Home Builders and Subdividers division of the association, are: J. C. Nichols; Kansas City, Missouri; J. J. Hurst, Baltimore; Don Helwick, Cleveland; R. G. Lambrecht, Detroit; Robert Jemison, Jr., Birmingham, Ala. ; Arthur Suor, Buffalo; N. J. Upham, St. Petersburg, Fla.; C. C. C. Tatum, Los Angeles, and Guy Greene, Detroit. Sell Last Acre Lots in "Melody Woods" Sub Hill and Wheeler announce the sale of the last of the acre tracts in their "Melody Woods" subdivision, Lake Forest, this week. Wilmette buyers were the ones to take the last of the acreage available. These included Mrs. Frederick Bud- inger, 819 Oakwood avenue who took an acre lot; Mrs. J. Budinger, 714 Maple avenue, who is a sister and a daughter; Mrs. Patrick J. Joyce, pur- chased two acres. Other Wilmette buyers were Mrs. O. M. Rogers and Mrs. B. F. Patterson. The firm of Hill and Wheeler state they are highly gratified with the way the Melody Woods subdivision has gone and see a bright future for the territory. The increasing popularity of country places has been notable in that section of late, they state, and the reported opening of another subdivi- sion, adjoining Melody Woods, in the near future by another firm is ex- pected to increase land values all along the line, E. E. Stults ( Company Sells Home Properties The E. E. Stults Realty company of Winnetka announces the sale of the new Spanish stucco home on 1387 Edgewood lane, Winnetka, to Roy Andreae of 1644 Fargo avenue, Chi- cago; also the home on 534 Oakdale avenue, Glencoe, to H. V. Sawhill of 7441 N. Hoyne street, Chicago. ON VACATION TRIP Miss M. E. Reid, of the firm of Eddington and Allen, together with her parents, Mr. and Mrs. France, are leaving this week for a vacation at Pelican Lake, Wis. NURSERY FIRM OPENS LARGE SUBDIVISION The Ravinia Nurseries of Highland Park are opening up a subdivision at Deerfield, consisting of 20 acres, which will be known as "Evergreen Place." This subdivision is located within three blocks from transportation, and work has already been started on the putting in of streets, water, side- walks and landscaping. Being in the Nursery business, the owners expect to make this one of the finest subdivisions on the north shore. As it will be sold by them, the sub- dividers will be able to sell this prop- erty at a figure as low as $27.50 per foot, which will include the improve- ments, it is explained. This property was originally bought for Nursery purposes, but, owing to the increase of values in real estate, was found too valuable for that pur- pose and therefore placed on the mar- ket for high class homes. The Ravinia Nurseries are owned by F. D. Clavey and Sons, a firm that is favorably known throughout the North Shore. Honest Investments Invest your money here where the principal will be safe and the high interest rate certain. Phone Univ. 285 or Rogers Park 0272 and ask for our securities list. SMARGIEE, 1580 Sherman Evanston, IIL Be Sure to See This In the window of Clore, Bud- inger & Smith, 1177 Wilmette Avenue, there is pictured and described one of Wilmette's fin- est homes; peerless in construc- tion, pretentious in design, un- surpassed in location and land- scaping of grounds. It is really a model home; five spacious bed- rooms, huge living-room with a beautiful fireplace, well located dining room and conveniently arranged kitchen and breakfast nook A playroom for the kid- dies is a feature. Every detail is complete and modern to sat- isfy the most discriminating. It is a home for real home lovers; over near the lake, close to schools and transportation; everything for comfort. This home is being offered at an un- usually low figure. Be sure to see it pictured in the window. Or if you can't come over, tele- phone 1750 for more interesting information, and if you want, arrangements will be made to show you this home of homes. AA a a 4 4 Telephone Wilmette 364 Ji: H. Schaefer & Co. REALTORS We specialize in large lots and acre tracts on the North Shore INSURANCE Ridge Avenue and Schiller Street Wilmette, Ill. = FLORIDA SARASOTA CLARE C. HOSMER, ARCHITECT FORMERLY OF WILMETTE AND CHICAGO In touch with unusual investment opportunities in city property and acreage. TAKE BIDS FOR TEMPLE Bids for construction of Wilmette's proposed new $150,000 Masonic tem- ple, to be erected at 1010 Central ave- nue, were being received this week at the offices of Arthur M. Knox, archi- tect, at 7 W. Madison street, Chicago. Earl A. Pettibone is chairman of the temple building committee. Construc- tion is expected to be started early in August. JOINS REALTY STAFF Mrs. J. Schaefel, who nas lived for a number of years in Wilmette, Ev- anston and Highland Park, will be- come a member of the sales force of Hill and Wheeler, real estate dealers, shortly. She is well-informed in the field of north shore real estate values and has many friends here. Zoning Law Upheld by Minnesota High Court A decision of interest to all mem- bers of the National Association of Real Estate boards is that just handed down by the Supreme Court of Min- nesota upholding the validity of the Minneapolis zoning ordinance, which excludes flat buildings from certain areas zoned for single family res- idences. : The decision reverses a former opin- ion of the court. F. J. WEIDLING CO. High Grade Grand Pianos Buy from Manuracturer at Factory Prices. Substantial Sav- ing and Complete Satisfaction. 3945 N. Western Ave. Chicago, Ill. to you by GEO. LE. LINE now being built. any of these properties. 506 Fifth Street, Wilmette Announcement! Let me tell you about the opportunities for profit offered & COMPANY North Shore Area Developers We have money making properties at Stations all along the NEW NORTH SHORE ELECTRIC "HIGH SPEED" I will be glad to furnish you with full information on HARRY HANSEN Former Manager of A. S. McKenna's Plumbing and Heating Establishment, Kenilworth, Illinois. 5 ; [ ! HARRY HANSEN, 506 Fifth Street, Wilmette : : Without obligation tell me more about your "at the : ! stations" property. 3 N Ndlves AER eR as - : GG ERE CR RN 8 SEE . H ee Re Te i LR RE IE CRE] NIXON Phone Wil. 3314 Get a profit out of your fuel bin Make it a money saver as well as a convenience by filling it with Chicago Solvay Coke at today's price--30% under that of hard coal. Chicago Solvay Coke is clean and smokeless. More efficient than hard coal. Easier to handle than soft coal and costs about the same as the best grades. Buy from your dealer now. Hewillhavea Service Man call to show you the advan- tages of this better fuel. Solvay Coke Buy it Burm it Youll Like it E. C. WEISSENBERG Phone 12 " Ld -_--y = >