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PAGE 12 - PLAINDEALEK - FRIDAY, NOVEMBER 26,1982 A.G. Edwards Investments Since 1887 Member New York Stock Exchange Woodstock Exchange Building 231 Main Street Woodstock IL (815) 338-2550 or call toll free (800) 892-6198 S1PC • rv HOURS 8 a m 5pm Monday-Friday 9am -Noon. Saturday * * A Virgil R. Smith j|7 Her* And There In Business Underwri ters: 'Borrowing Against Life Insurance Not Always Wise' Jon C. Stout James T. Henry Borrowing against your life in­ surance cash reserves may not always be in the consumer's best interest warns the McHenry County Life Underwriters association. According to Loren Miller, association president, borrowing against the cash values of your life insurance does involve some risk to the consumer because it reduces your family's ability to pay. If you die before repaying the loans, the com­ pany will deduct the sum borrowed, plus any interest due from the proceeds paid to the beneficiary. According to the association, that's why many families should regard the loan provision of their life insurance policy as a source of funds to be used only in case of an emergency. Other reasons to be careful when considering borrowing against the value of your insurance include the fact that once funds are borrowed from the policy, many individuals find it difficult to repay the policy loans, thus destroying the protection created by the life insurance program in the first place. This could mean ad­ ditional hardships on the beneficiary if the settlement is reduced by the and interest due. The local association also noted that whenever the balance due on the loan plus accrued interest exceeds the maximum loan value on a policy, the policy may terminate, with the family losing the life insurance. Maximum policy loans reduce the margin of safety part of the transaction. "•When you compare the yield of these 'special programs' that require individuals to bring in checks drawn on life insurance companies, you find that they often credit the individual with one-and-a-half to two percent less interest than if they had purchased the certificate of deposit alone. For most consumers, this represents a very high cost for insurance coverage." "Secondly, the terms of the program usually require the con­ sumer to tie up his or her money for at least 30 months. Given the relatively small rate of return and the potential impact of the borrowing on the total insurance program, we believe most consumers simply won't benefit by changing what was once a liquid asset into a reserve that would be tied up for 30 months;" NEW WEATHER SERVICE A new dimension has been added to the most popular1 telephone number in town. McHenry State bank has now made it possible for area residents to obtain the current weather forecast along with the time and temperature by dialing just one number, 385-9400. In the case of severe weather, the service will be updated as often as necessary and callers will be asked to turn to their local weather channels for more information. Martin L. Smith,CFP Terry Strohm Ed Schuster Martin Katrein, Jr. •STOCKS "BONDS •MUTUAL FUNDS •TAX INCENTIVE INVESTMENTS •ANNUITIES 'OPTIONS •COMMODITIES •FINANCIAL PLANNING •INVESTMENT BANKING •IftA -MONEY MARKET •MANAGED ACCOUNTS SAME DAY SERVICE AT LAKES AUTO RADIATOR FREE TOWING SERVICE (15 Miles) One Of The Largest Radiator Inventories In Lake County •Repairing •Recoring 'Flushing Hwhf & Rafotor Eidwflf-Ak Stnrict Gas Tabs topairtd-Rmrst ffafchj Water haps ASK ABOUT OUR WRITTEN CONDITIONAL GUARANTEE Owr 17 Yaars' ExpariwctSawor CitizMs Discowt 5 NHas froa HCHMTT (312)587-7799 514 Rollins Road, Ingleside Across from Ingleside Train Station COMPLETE AUTO RADIATOR SERVICE "Take Your Leaks To Lakes" McHENRY GOLD RUSH Use your "Keep on Digging" cards , NOW for MANY SPECIALS ALL AROUND TOWN and then sign your name and phone number on remaining cards and DEPOSIT those "Keep on Digging" cards at ANY GOLD RUSH BUSINESS for GRAND PRIZE: $100 GIFT CERTIFICATE (redeemable at any gold rush participating business) 5 ADDITIONAL: $50 GIFT CERTIFICATES (redeemable at any gold rush participating business) 12 COLLECTORS T-SHIRTS: FIESTA DAYS (limited editions) Winners impartially drawn by SANTA, himself DECEMBER 18, 1982 3:00 P.M. Pearl Street Park ADV. SPONSORED BY McHENRY AREA CHAMBER OF COMMERCE Promoted Miller suggested that individuals considering borrowing against their values contact their professional insurance representatives. "In an area as complex as in­ surance, consumers should always seek the advice of a trained professional, especially one affiliated with one of the major agent groups that enforce a rigid code of ethics." Scholarship Competition McHenry State bank announces a two-part scholarship fund competition that enables high school seniors to enter local and national essay con­ tests with a single paper. It is all part of a program sponsored by the nation's independent banks to in­ crease public awareness of locally- owned banks' contributions to the community. The McHenry bank is adding $200 in a local contest with local judging. The same entries submitted in the national competition will be judged in the local contest. The bank is working with the McHenry high school, East and West, Marian Central and Johnsburg high school to invite seniors to submit short essays on the community role of the independent bank. Information on the contest is available both at the bank and the schools, but entries are to be made through the school. Entries must be received by Jan. 1,1983, to be eligible for both judgings. Prizes will be awarded directly to the winners in mid-March. Mail Lake Area Telephone Books The new General Telephone com­ pany telephone directories containing listings for Hebron, Richmond, Spring Grove and Wonder Lake are being mailed to General Telephone customers, according to P.M. Bryan, customer contacts supervisor. The new directory carries a publication month of November, 1982, on the cover. Bryan stated that customers should receive their directory or directories by not later than Dec. 1. According to Bryan, there is an incorrect dialing * instruction statement pertaining to Wonder Lake customers only, on page 3 of the directory. The toll-free calling area dialing instructions for Wonder Lake exchange customers (653 and 728 prefix customers only) on page 3 incorrectly states that Wonder Lake customers may call McHenry and Woodstock by dialing only the directory listed number. Wonder Lake customers must still dial the digit "1" prior to dialing the telephone number being called in McHemy and Woodstock. r^ealtor^tecorcT ̂ ' GEORGE COLOMER George Colomer of McHenry was recently promoted at TC Industries, Inc. in Production Planning and Control. He schedules work for. the machines in the Processed Steel division. He started at TC in 1974 as a production employee and was tran­ sferred to Maintenance where he be­ came a lift truck mechanic. In 1979 he was transferred to the office, where he gained the experience for his present position. Colomer attended Johnsburg elementary school and McHenry high school.1 Since being at TC he has furthered his 'education at McHenry County college. He is a U.S. Army veteran of Vietnam. The Processed Steel division of TC Industries, Inc., fabricates parts for the heavy equipment industry. Candy Shop Opens In City Mellum's Woodstock Candies of McHenry opened last weekend at 1315 N. Riverside drive. The new store follows a four years' residency in the business district of Woodstock. The McHenry store specializes in gourmet chocolates, all hand dipped in what has been described as a "lost art". There are 117 different kinds of candy. , Elton Mellum, the owner, said there is also a^ Mellum'S of Al&ska which features molded wildlife in chocolate. IRSREFUNDS The Internal Revenue Service is trying to locate some area residents who are due a refund from their 1981 Federal Income Tax Returns. Among them are Victoria Lynn Hinger, Linda L. Johnson and Cynthia R. Lack, all of McHenry. According to J. Robert Starkey, IRS District Director for Northern Illinois, 2,132 refund checks worth $902,646.84 were returned by the postal service as undeliverable in this area. The refund checks are for in­ dividuals only. Northern Illinois taxpayers outside Chicago should call toll-free 800-972-5400 to claim their refunds. Kenya Travel Program Nov. 30 On Tuesday evening, Nov. 30, the Kiwanis club of Crystal Lake will present its third program of the Travel and Adventure series at 7:30 p.m. in the Crystal Lake Central high school auditorium, 45 W. Franklin street. The public is invited to travel with Dennis Burkhart to Kenya, where the African dream is becoming a reality. Burkhart has both knowledge and affection for this country, since he spent Peace corps years working in Kenya and traveling extensively there. He has found that Kenya is realizing its great promise while also Retaining traditional African values. With a strong free enterprise system coupled with a Parliament, the average Kenyan has more freedom than most other Africans. Tickets may be purchased at the door forthose who do not have season 1 tickets.Ttir more information call 459- 3393. JOHN F. LflMPE Available To Practice In: ~ 'PERSONAL INJURY/TRIALS •BUSINESS/CORPORATIONS •ZOtNING •WILLS/PROBATE •DIVORCE •REAL ESTATE •WORKERS COMP. Now Serving You From 2 Locations WONDER LAKE 7165 Barnard Mill Rd. (By Appt. Only) McHENRY 3424 W. Elm v Suite 27 344-3252 Open: M-F 8am-5pm, Sat 9am-Noon Others by Appt. c , > rj „ insist on Genuine Kero Sun Ultra K Premium Kerosene Fuel For Top Performance AKERO-SUN PORTABLE HEATEP COSTS YOU ONLY PENNIES AN HOUR TO OPERATE WHILE IT KEEPS YOU WARM • Automatic safety shut-off system. UL Listed. • Kero-Sun offers a choice of two lines of portable heaters, 10 models in ail. FREE cleaning kit $14.95 Value save money and stay warm by heating only the room youre using. • commitment to quality- attention to detail in fit and finish 99.9% fuel efficient. Costs only pennies per hour to operate "THE HOUSE THAT SERVICE BUILT' (•o. P. Freund, Inc 4102 W. CRYSTAL LAKE RD., McHENRY, ILL 395-0420 A nationwide survey of some 5,200 home buyers showed that detached singel-family homes remain the most popular housing choices by a wide margin. About three-fourths of those responding to the survey chose the detached single-family home, followed by 11 percent who chose apartment condos, 8 percent who preferred townhouses, and the remaining 5 percent who chose to buy two-to- three family homes or other types. According to the survey there are con­ siderable geographical differences in home prices throughout the country. Prices of detached single-family homes in 14 metropolitan areas varied from an average of $163,500 in San Francisco to $57,000 in Tampa-St. Petersburg. Prices in the McHenry county area average $74,000. The price variation was not simply because of differences in dwelling size. The average size of a single- family home sold in San Francisco was identical to the national average of 1,560 square feet, but sold for twice the national average. Likewise, the largest homes - 1,860 square feet - were found in the Atlanta market, where prices were slightly below the national average. Price per square foot was seen as providing a better indication of single-family housing costs, since the size of homes varied so greatly. Among the metropolitan areas represented in the survey, the average cost per square foot was $55 for a detached single- family home. Los Angeles, San Francisco, and Oakland, Calif., were the most ex­ pensive, with costs exceeding $80 per square foot. At the opposite end of the spectrum, Tampa-St. Petersburg, Nashville and Atlanta offered the most living space for the dollar with costs of abouty $40 a square foot. Metropolitan areas included in the survey were Atlanta, Balit- more, Boston, Chicago, Cleveland, Dallas, Los Angeles, Miami, Nash­ ville, Oakland, Pitt­ sburgh, San Francisco, Seattle and Tampa-St. Petersburg. The survey was sponsored by the National Association of Realtors, a trade organization repre­ senting more than 600,000 individuals in­ volved in every phase of the real estate industry. SCHOLARSHIP. WINNER Leanne Nelson of McHenry has been awarded the $500 tuition scholarship to the Illinois State Fabricare association general course. The money comes from the Ben Rosenfield Memorial fund established in memory ~ of the executive secretary of t h e C h i c a g o Drycleaners association upon his death several years ago. She has worked for Mr. Don's Cleaners since she was a junior in high school, learning all phases of the cleaning industry. Store at Zero Cooked pork and combina­ tion dishes containing pork can be stored in the freezer at zero degrees for two or three months with little or no change in quality. WHAT'S NEW JarOpeaer A new jar and bottle open­ er thatrfnounts under a shelf or cabinet will open every screw top from tube to a gal­ lon jar, even 'child-proof pill bottles. From Hoist, Inc., Dept. PM-1182, 1118 W. Lake. Box 370, Tawas City, MI 48763. ALEXANKR LUMBER CO. 'BEST OF EVERYTHING FOR THE BUILDER" FEATURING COMPLETE LINES OF: •OLYMPIC STAIN * KEMPER-MILLCREEK CABINETS •ANDERSEN WINDOWS •PRE-HUNG DOORS •NORD SPINDLES •ARMSTRONG CEILING SYSTEMS •LINCOLN WINDOWS •GAF SHINGLES •BUILDERS HARDWARE •PREFINISHED PANELING •STANLEY GARAGE DOOR OPERATORS Phone 395-1424 909 N. Front St., McHenry 'nobody has more toys than Bohn's!' "ay for including (his area's finest collection of: •Effenbee Dolls •Vfdeo Games & Cartridges --also-- HOUSEWARES: •(.ourmrl •Kilchrn 'Knlertaining • •» • • BOHN'S MST BUY COUPON* -- •» tm jsTUFFED ! • ANIMALS AAJ Off • !:rsrwisr Re"uiar pri« I !•••• BOIIVS HKST BUY COUPON •••! Hours: Daily 9-8; Saturday 9-5; Sunday Noon-4 Woodstock • 338-1492 Short A rnmnnr0 nt Rnhn'c no tho ('«•>/!»