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WINNETKA WEEKLY TALK, SATURDAY, MAY 23, 1925 NEWS OF INTERES T IN REAL ESTATE AND BUILDING FIELDS Your Insurance Edited By F. J. Budinger LIFE INSURANCE (Participating and Non-Participating Insurance) Participating Insurance merely means that a policy-holder in a par- ticipating company is entitled to a por- tion of the unused premium at the end of each year. In almost every case the Participating Insurance company charges a higher premium than the Non-Participating company and then refunds approximately the difference which is of course an excess premium. The theory of Participating Insur- ance, although considerably distorted by agents selling it, dates to the earli- est days of the business of life insur- ance when the companies were not certain enough of their Mortality Tables being dependable and there- fore charged an excess to provide for adverse contingencies. If this excess was not used, it was to be returned to the policy-holder. This excess is what is most commonly, but incorrectly known as "dividends." Recently it was definitely decided in a Federal Court that the so-called dividends paid to holders of life insurance policies in Participating Life Insurance com- panies are not actual dividends of the companies' earnings but are merely re- turns of excess premiums. Participat- ing and Non-Participating Insurance has been and is a subject of much dis- cussion, principally among rival agents. Just which is the most practical form of insurance from the point of view of the policy-holder must be decided by such assured. The Participating Agent Most Participating agents will stress on the "dividends," pointing out that actual cost of insurance over a number of years, when taking into considera- tion these dividends will be less than Non-Participating Insurance. They will also explain that even though you may call the "dividend" an excess pre- mium ; the fact that there is an excess charged adds an element of safety to the insurance which really doesn't cost you anything extra if it is not needed inasmuch as it is returned to vou. You will remind the Participat- ing agent that his company does not guarantee to pay any "dividends" and he will show you a record where the company has paid "dividends" for many --years--past and surely will coitinue this practice ... You may be remindcd that to have a check in the form of a dividend coming from a big insurance company each year would be quite welcome. : The Non-Participating Agent He will call on you the next day and after he explains his contract to you, you will ask him about dividends and he will promptly explain to you that what you think are dividends is mere- ly a return of an excess premium and that this is not guaranteed anyhow. The premium for the same kind of poli- cy in his company will be anywhere from about three to nine dollars less than that of your visitor of the day be- fore. He will tell you that with his policy no more than is necessary is charged. You will promptly remind him that when a company charges a little more than what they expect will be the actual cost, there is an element of safety added to the contract in the form of this provision for adverse con- tingencies and that if it is not needed it will be returned. To this objection. if he is somewhat of a student of life insurance he will be able to tell you that the Non-Participating Companies withstood the War and "Flu" losses, (an adverse contingency of intense severity) and have since REDUCED their rates. He may point out that this excess that is charged by the Participating company is earning in-|$ terest all of the time for the Partic- ipating company and not you. You will also be reminded that Life Insur- ance companies are in business to make money just like every other busi- ness, despite the fact that some life insurance agents try to claim that a life insurance company is a philan- thropic organization. And inasmuch as a life insurance company is in busi- ness to make money why should a participating company give their profits away. in the form of dividends since they don't guarantee a thing. Arguments will probably be tossed back and forth and after the discussion is over you will be quite undecided as to what is the best plan of life in surance for you to carry. After all however you are not so vitally con- cerned in whether the life insurance you carry is "Par" or "Non-Par." The difference is not great as to cost and one company is about as safe as an- other. You should however be con- cerned about the man taking care of your insurance. Know first that his in- tegrity is beyond question and second- ly that he knows his business so that he can made recommendations suit- able to your requirements and ability to carry insurance. Many a man to- day is carrying insurance that is not suitable to his needs simply because a life insurance agent either didn't know the kind of insurance to pre- scribe or was merely interested in making a sale. Next week we will explain the con- struction of a premium and discuss Ordinary Life and the Limited Pay- ment Plans of Life Insurance. Realty Board Provides A by-law providing for the selling of membership seats has recently been passed by the Louisville Real Estate board. Upon the payment of a $100 fee active membership in the board may be sold to persons who have been approved by the board. The active membership fee is $250. This selling of membership is simi- lar to the sale of "seats" WANTED Industrial Property Suitable for material yard. Switch track essential. LOUIS LAZAR REALTOR 634 Davis St. Evanston Phone University 8311 INVEST IN FLORIDA NOW The frenzied rush for this sea- son has quieted. Now is the time to buy with sound judg- ment. There are opportunities for the man having only a few hundred to invest as well as the man with thousands. We invite you to visit Florida as our guests. Come in and talk - it over. Clore, Budinger & Smith 1177 Wilmette Ave. Wilmette 1750 Transferable Membership PLAY AND WORK COMBINED HERE Realty Convention to Have Fine Variety Yachting on the Great Lakes and entertainment at a leading Detroit yacht club are social features which are being planned by the Detroit Real Estate board for women guests at the coming annual convention of the National Association of Real Estate boards. gates and guests, and in four evenings of dancing and entertainment." Plane to Take Chicagoans to Real Estate Sessions The air lane isn't too direct a way for realty men to go to Detroit June 23-26 for the annual convention there of the National Association of Real Estate boards. First group to plan the convention trip by airplane com- prises eight Chicagoans headed by Benjamin I. Coolidge, vice president of the Chicago Real Estate board, and Pierce Jones, executive secretary of the board. They will make the flight in a big "bomber" scheduled to make the 285 miles in less than three hours. BUILDING FINANCE We pay cash for seller's interest in monthly payment land con- tracts and second mortgages on houses and small flat buildings. WM. F. PELHAM CO. 611 Harris Trust Building Central 6702 Chicago, II We Invest Only Our Own Capital We Are Not Brokers ASSETS OVER $1,060,000.00 Read All the Want-Ads W028 ing. or 227% Want 63 Young Men 20 to 30 YEARS OF AGE To buy and own 160 acres land in Wheat-Belt in N. E. Colorado between Union Pacific and Burlington R. R. Will sell part cash-- balance on or before 10 years at 6%. own the land clear and have paid taxes over 25 years. fect. Now is the time to buy when no one wants land. In 10 years it will be worth three times as much. Come and see wheat grow- Land produced last year 35 bu. per acre. APPLY TO OWNER HULBERT ERI REICHELT Julesburg, Colorado JOHN A. REICHELT 1328 Elmwood Ave., Wilmette, Ill. N77 No taxes till paid for. I Title per- 7 i THE NOW-BIRD WINS WHILE THE NEVER- BIRD SINS T is a sin not to take full ad- vantage of your opportunities. One of the proven paths to suc- cess is property owning. Our advice is worth a lot to you. GLENCOE REALTY COMPANY 665 Vernon Avenue Glencoe, IIL Phone Glencoe 1158 E. T. LEONARD, Builder The Detroit board, which will be hosts to the convention June 23-26, re- ports that its special committees on +i convention arrangements are now in almost continuous session, and that in inden rest pariments thal provision for the needs and com- orts of the convention comers they . . have the whole of Detroit back of Linden Avenue and Fifth Street them. i The host board has complete charge WILMETTE of entertainment features for the con- vention program. 0 "When the recreational program is L announced," a communication from the ig Detroit board states, "women will learn that particularly happy hours await them. Luncheons and entertain- i ments at a yacht club and two country clubs, a program at a Greek theatre ! in Oakland Hills, and a yacht trip are i among the things provided. They also will join in a delightful boat trip, in the motor tour of the city, which will I » be provided for all convention dele- ge : One of the Corridors in the Linden Crest ACRE LOTS Enjoy Wilmette Beautiful acre lots near its many advantages, without the Lake Forest, surrounded care of a home. Close to schools, by country estates. Price lake, harbor, golf, parks. Only 31.050 per" acre. "= Rasy one block from transportation i terms. and shopping center. We invite : your inspection of Wilmette's HILL & WHEELER. Inc first and only apartment building. . REALTORS For Information call "Homes for Particular People" R. T. Davis, owner, Main 3012 or Wilmette 589 WILMETTE OFFICE or see Janitor at Building 334 Linden Avenue Tel. Wilmette 93 WINNETKA OFFICE Linden Avenue and Fifth Street 736 Elm Street Tel Winnetka 142 WILMETTE INVEST your money in bonds and mortgages amply secured by local DEERFIELD, ILL. | real estate. We have them. We would like to share with you the pleasure ~ | of seeing about 350 different varieties of Darwin, - & T Cottage and Breeder tulips in blossom and ex- nC 1. tend, therefore, a cordial invitation to you to 1580 Sherman Evanston. IIL visit us from May 18th to the end of the blooming season. Franken Bros. ESTATE Deerfield, IIL. Black Dirt FERTILIZER LIME CRUSHED STONE FOR DRIVEWAYS Edinger & Sons Evanston-Wilmette-Kenilworth-Winnetka-Glencoe Phone, Univ. 5035, Wil. 642, Winn. 643 EEE EE EEE EEO REDON ENODBESRR ad wa conn ais ---- -- or RTT wv 5) Sa "A a -- oh non dp --------, i rm. igh GN i coal od i nce 7 BR ay mw rg