h 



/^^ 



issm 



' 'XS^iMs, 



"Let's Look at the Record" 

 Paul Edwards and L. V. Drake ponder a clain 



"Has He Paid or Not?" 

 Keepin9 up assessment and premium records take a lot of tin 



"Oh, Oh! AjfUiak^r 



George KrcMman, respon- 

 sible for corrections in pre- 

 mhinra and 



ody^ vvorKing in 

 Luta Insurance 

 Company 



at This*^^®^* Co-operative 

 Years ^V Illinois Farm 

 Bureau ^®"^l^®^s 



iation. 

 lolicy- 

 esent- 

 ent to 

 later 

 Bceive 

 t high 

 t pol- 

 d less 



office space and help. J. P. G.bson 

 came over from Secur.ty Mutual 

 Casualty Company to manage, with 

 Evelyn Ernst, also of the same com- 

 pany, as his secretary. M.ss Ernst is 

 now in charge of the underwriting de- 

 partment. Assets on November 1, 1927, 

 amounted to $125,003. Members saved 

 at least $70,000 on their initial invest- 



ment in comparison with what they 

 would have had to pay for the same 

 coverage in any other company. Things 

 were off to a flying start, and that be- 

 ginning was good enough to make for 

 steady growth up to this year of our 

 Lord, 1936. If you care for statistics, 

 there's a box full in this story. 



In the process, some changes have 

 taken place. The old, original surplus 

 fee plan of insurance was changed over 

 to the present "Cash Premium Plan." 

 Also, around $300,000 was returned 

 last year to pohcyholders who had 

 grown up with the company. Remem- 

 ber, the company was organized "not 

 for profit," and the management had 

 done so well, and members had had 

 so few accidents, that the coffers were 

 bulging with money that was not 

 needed to meet insurance law require- 

 ments. So, back it wen; to the mem- 

 bers. What's more, J. P. Gibson, the 

 original manager, resigned after one 

 year, and A. E. Richardson, first field 

 man for the company, came in as man- 

 ager. And there he has remained ever 

 since, his hair getting a little whiter 

 every year. 



Now, there are better than 40 em- 

 ployees, not counting those in execu- 



tive capacity. The filing cabinets in 

 which repose the records, claims, and 

 so forih of policyholders have been 

 added to, section by section, to take 

 care of the present 50,0t0 insured. In 

 order that assessments and premium 

 receipts go out promptly, an account- 

 ing department, headed by Margaret 

 Severns, is the last word in effective- 

 ness. Rather than go through the whole 

 setup, how about a little Cook's tour 

 of your premium payment from the 

 time it leaves your hands until you get 

 your receipt? 



In the mailbox it goes, and you 

 know you"re protected for another six 

 months. The morn ng ma 1 brings it to 

 Miss Ernst, who is now Mrs. Evelyn 

 Mortenson. She has seen the company 

 grow from practically nothing to its 

 present size. She whisks them off to 

 the accounting department. The checks 

 are then placed in alphabetical order 

 and entered on the cash sheet. Your 

 account is marked paid, your official 

 receipt is started on its way back to 

 you, and Bob Wayman. whose picture 

 adorns this page, sees that it gets to 

 the postoffice. A duplcate receipt is 

 also sent to your County Farm Bureau. 

 (Continued to page 28) 



up on Oscar" 

 ported, the bones 

 skeleton. 



"Fixer-Upper" Bob Waymart 

 \ Mail, stencils, parcel post, light bulbs, pencils, what-have- 

 Lyou, Bob can handle it. 



"Been at it 6 Years" 



W'tPam Car«pball, in charge of 

 all changes, transfers, etc. 



■»Jr 



