Permanent Policies

We offer several Permanent Plans which afford Lifetime Protection and provide Cash and Loan Values:

Twenty Payment Life

Dues are payable for a twenty-year period. The face value of the certificate is paid to the beneficiary upon the insured's death.

Single Premium Whole Life

This plan offers insurance protection for life with a one-time payment to be submitted with the application. The cash value increases each year the certificate is in force. The face value of the certificate is paid to the beneficiary upon the insured's death.

Life Paid Up at Age 80

Dues are payable to age 80. Face value of the certificate is paid to the beneficiary upon the insured's death.

Life Paid Up at Age 65

Dues are payable to age 65. Face value of the certificate is paid to the beneficiary upon the insured's death.

Benevolent Life Graded Death Benefit¹

Benevolent Life is a permanent plan of insurance available to persons age 0-80 who have difficulty qualifying for standard life insurance.

This plan is offered at face values between $1,000 and $5,000.

In most states, the benefit paid upon the insured's death is 25% of the face value in the first year, 50% in the second year, 75% in the third year, and 100% in the fourth year and thereafter.

In Pennsylvania and New Jersey, the benefit payable is 30% in the first year, 60% in the second year, and 100% from the third year.

If the applicant is aged 76 or over, benefit payable is 50% in the first three years, and 100% thereafter.

For accidental deaths, however, the full face amount applies.

Traditional Whole Life²

Traditional Whole Life is a permanent plan of insurance available at issue ages 0-80.

This plan is offered at face values between $10,000 and $200,000.

Rates depend on gender and tobacco use.

Premiums are guaranteed for life.

Available Riders:

• Waiver of Premium Disability
  Issue ages 18-59.
• Accidental Death
  Issue ages 18-60.

¹ Benevolent Life is not a guaranteed issue plan. Underwriting is simplified, but could result in rejection or postponement. Present values are based on 1980 CSO Mortality Table and on 5% interest. Settlement option values are based on 4.5% interest. Dividends are not guaranteed and are not anticipated. There are no available riders.

² The Traditional Whole Life Plan may be issued standard or special class through Table 12, and allows for both temporary and permanent flat extras up to $25 per thousand of face. Tobacco classification beginning at issue age 15. Cash values are based on 1980 CSO Table and %5 interest. Settlement option values are based on guaranteed 4.5% interest. Dividends are anticipated, but not guaranteed.

Juvenile Policies

Important Questions and Answers about Children and Life Insurance:

Why purchase insurance on a child?
First, the premiums are much more affordable. The younger the child, the less the premium. Second, it gives your child guaranteed insurability in the future when converting a term policy into a whole life policy. With these privileges, your child's future is protected.

Do premiums increase?
No! Premiums remain the same for the life of the policy type you purchase.

When does coverage begin?
As soon as the Home Office receives and approves the application and your policy is issued.

When should I apply?
Right now. The younger the child, the lower the premium.

What are the benefits for my child if he/she becomes a member of the HRFA?
Your child will be eligible for financial aid for approved summer camps. Student scholarships are also available to young adults entering higher education programs, both academic and vocational.

Can the policy be cancelled?
No! The policy cannot be cancelled by the HRFA except for non-payment of premium.

What types of insurance coverage are available?
The three most popular plans are listed on the right. Other plans are also available.

Compare these Rates for Our Most Popular Juvenile Plans:

Reasons for Purchasing a Juvenile Policy:

• The younger the child, the lower the premium.
• Premiums remain unchanged over time.
• Guaranteed insurability on conversion from term to whole life plans.
• Policy cannot be cancelled, except for non-payment.
• Membership means eligibility for student loans, scholarships, and fraternal/cultural activities

Membership Benefits Available to Your Child through the HRFA:

• Youth Camps: The HRFA has available financial support for youth members who attend authorized summer camps. We believe in the importance of giving children the opportunity to build their self-esteem, acquire independence, and strengthen their Christian values.
• Fraternal Activities:Active branches throughout the country organize varied fraternal activities, to help communities and individuals in time of need and during natural disasters. Branches also conduct social, educational and cultural events.
• Scholarship Programs:Our student aid program provides additional financial assistance for higher studies. Applications are available from local branch managers or from the home office.
• Publications:Federation members receive a complimentary copy of our quarterly magazine Fraternity, giving information on our heritage, timely articles of interest and highlights on noteworthy achievements of our fraternal family. Our annual publication of the Bethlen Almanac combines the events and achievements of the Federation along with those of the Hungarian community and churches in the U.S.
• Cultural Preservation:We believe that our past has helped us develop our value systems. Our cultural heritage is important and by sponsoring fraternal activities, Heritage Days, church functions and historical exhibits, periodic Heritage tours to Hungary, we pass on the traditions of our forefathers.

Term Insurance

We offer two Term Plans:

Juvenile Term to Age 25 (from age 6 months to 17 years only)

This term insurance is issued through age 17 and is offered at a $5,000 face value for an annual premium of $10 (or a one-time payment of $150), and at a $10,000 face value for an annual premium of $17.50 (or a one-time payment of $275).

This protection terminates on the anniversary nearest the insured's 25th birthday. Conversion prior to the expiry/termination date can be made for an amount up to three times the face amount, without evidence of insurability.

The face value is paid to the beneficiary upon the insured's death prior to expiry date.

Annual Renewable Term¹

Annual Renewable Term is a plan of insurance available at issue ages 18-70, renewable to age 99.

The minimum face amount at issue is $25,000.

Premiums increase each year at anniversary according to insured's current age.

Coverage is convertible up to age 70 to any permanent plan of insurance offered by the HRFA without proof of insurability. The new plan may be for any amount up to the current in-force value of the converted certificate.

Premiums are subject to change, but may not exceed maximum guaranteed premiums. There is no cash value.

Available Riders:

• Waiver of Premium Disability
  Issue ages 18-59.
• Accidental Death
  Issue ages 18-60.

¹ Rates depend on gender and tobacco use. The plan may be issued Standard through Table 8, and allows for both temporary and permanent flat extras up to $25 per thousand of face value. Dividends are not anticipated.