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Claims Insurance Executive Nwrfmn* Arfcumm TlMCS, Mdoy, May 31, 1f74 * tU Li/e Insurance -Cheaper Today Than It Was Two Decades Ag By PAT DONAT writers, said that when he cameAward, the highest accolade insurance just seems to sell TIMES Sl.rr Writer LiTe insurance is the only thing that Is cheaper today than two decades ago. according to an insurance executive who visited Fayetteville earlier this week to install officers of the Northwest Arkansas Life Underwriters Association. C. Carrey Smith, executive vice president of the National Association of Life Utider- into the business in 1946 a man of 35 paid $30 a thousand for insurance. Today it cost $22. "The premiums are going into the economy today and being used, and the mortality rate is lower." he ( said in explanation of the decrease- Smith, who is one of 29 individuals to receive the John Newton Russell M e m o r i a l presetted by the life insurance business, is a native of Kalamazoo, Mich. A graduate of Western Michi gan University and the University of Michigan, he has been in the vanguard of raising the professional competence of the agent. 'The NLU. founded in dedicated to raising more and more." He suggested this because most people are Will Rogers, the noted Okla- New, More Efficient Billing System Under Study By City By DAVID HAUSAM Assistant City Comptroller For the past 18 months the City of KayeUcvillc has been studying its water billing system in order to develop a more e f f i c i e n t a n d economical method ol processing water bills. A proposed system h^s been developed that, would utilize the better portions of the -present system and incorporate applications which arc used by other utilities. By using this approach the City hopes to minimize problems which arc normally incurred during a conversion to a new system. At the present time all water hills are mailed on the City's last business day of each Â· City Hall Keeps I Citizens Happy I City Hall is doing a good to * excellent job of informing the '; public about city affairs, ac- 7, cording to information contain- ;Â· ed in responses to a qucstion- - naire included in the city's 'Â·' Annual Report. Of those responding to the Â· survey, 57.3 per cent said the : city WHS doing a good to excell- -" ent .joh on puhlic information, C while 24.7 per cent classed the month. These bills are then due by the 10th of the following month. During the first 10 days of the month an average ol 8,500 accounts (there are a total of 10.500 active accounts) are either paid by mail or across the counter in the city's business office. The meter readers now read 11,500 meters between the First and 10th of each month. After :he meters are read the meter cards are sent to a computer processing center for processing. Readings which arc out of lino with previous consumption history are rejected and returned to the city. After the meter readers re-check the readings and corrections are made, they arc re-submitted to (he computer for processing of job as fair and said poor. 17.7 per cenl main objectives proposed system is to distribute the meter the final hills. One of the of the evenly reading and collections over the entire month to allow for a more distributed monthly work load. This will take a great deal of pressure off the meter rea ders and clerical personnel and would allow more time in which the employes could perform their joh at a higher level of efficiency. WORK DISTRIBUTION The -even distribution of the work load will he accomplished 1890. educational standards." he said 'We also like to think that we were consumer advocates long before that term became popular. CREDITS AGENTS "It has been the agents, no the companies, who have gotten licensing laws in most of the states. In fact, the companie. fought us in all the state because they didn't wan restrictions in hiring. "It is just recently that the last four slates have passec laws which require testing fo agents. They did have licensing hut you could just walk in an get one." Smith, who went into lif insurance after being a socia worker and educator, believe that life insurance is the mos important, the most - social! significant product that is sol in the world today. With this background it is no surprising to find him advo eating tho field for younj people and .maintaining that most life underwriters are civic minded and community leaders. He predicts that the variable probably grow has to dale. It is now available on a group individual like more Interested in the return of his dollars than he was in the return on his dollars. Smith, who has contributed many articles to professional as a speaker, has held many! l e a d e r s h i p positions in professional organizations. In addition be was presented an honorary doctor of laws ripffrep frtim Alma Colleffe and r e c e i v e d a distinguished alumnus award from Western Michigan University in 1972. He has also been active in Lions International and served on the Board of Trustees of Detroit Institute of Tcchnolo He was accompanied to etteville by his wife. They v c guests of honor at a recep ion held at the Keith Newhous* home. a n n u i t y more than it basis on some by the use . of billing. By the cycles in the use of cycles the city will bill throughout the month. The exact number of policies. This, he explained, is an annuity which is tied to the stock market and "supposedly what ever the stock market demands, is what the policy holder gets." he said. VARIABLE PLAN He also sees prospect for a variable life insurance plan. "They have a proposal now before the Securities and Exchange Commission and Insurance Commission on variable life insurance which will be tied to cost of living and slock market fluctuations. It will have a basic guarantee also," he said. He expressed concern that the Kennrdy-Mills national ' '" The gihest rating was given - Ihe Fire Department, with 96.7 -' per cent of (hose responding "Â· rating the department good to Â·' excellent and 3.3 per cent say- 1 ing the department is fair. Â·; Police protection received 80 ;- per cent in the top catagory. *. Fifteen per cent responded V rating it fair and the remain- Â·" der poor. " Street maintenance and rc- -. pair received the lowest rating I of. any city department, with -. only 3(5.9 per cent responding 'Â· good to excellent. Of those re- sponding,42.7 per cent said the 'Â·; service was fair and 20.3 ' cent poor. ~. TRASH REMOVAL -; Garbage and trash 1 realerl a 77.7 ', good to excellent calagory. with '.' 14 per cent responding f a i r and Â· ;. only eight per cent poor. f Parks and recrealion received fiO.l per cent in the g o o d to C excellent calagory; 32.6 per '. : - cent responded fair and 7.1 per 'f cent said poor. T Sixty five per Â·t people said . that ; and traffic signa Â· to excellent; 23 per cent fair Â· and 12 per cent poor - The report also indicated that n 96 per cent of those responding - thought the Annual Report was t excellent and 93 per cent said Â·; the report should become a re* gular annual publication. APPETITE STORE IF YOU HAVE A BIG FAMILY Then you have big appetites and Big Food Bills . These big Food Bills can be reduced so thai- you really notice it. : :Â·. tRY US TODAY at the . . . EASTGATE SHOPPING CENTE the Congress, will be passed. has yet to be determined. However, the cycles will probably The unfortunate thing is different areas os'er the month. The utilization should result in to tax payers and we don't have technicians to implement it if reading. The meter readers who A second bill, introduced into are displaced will by .Burlcson favored by to meter maintenance collection of delinquent counts. The use "It utilizes private facilities a n d p r i v a t e companies allow the business office to be wherever feasible in t h e im- re-organized to facilitate faster, HEARS PASSAGE "It would even take care proposed system are: thai group .because the govern- consolidated into fewer reports for ease in use and handling. the Kennedy-Mills bill this year, customer and each account which would dictate the type of action to be followed on a but we are a little afraid of what might hap)en next year if George Meany succeeds in g e l l i n g h i s veto-proof Congress." Congressional a c t i o n o n another subject -- a pension bill I'M NOT delinquent hilt and deposits. codes which the frequency and type of problems incurred -- has gained favor with insur- -- Expanded consumption and men however. "It is a good pension bill, passed by both houses, and now in Ule Conference Committee. We are SPECIAL REPORT -- A special report can in favor of almost all of that requested which would print the entire content of the master file for an account with which there small businessmen and to indi- is a problem. With the present time viduals who want to establish proposed system should be in operation by the first of next There has been no slow down in Ihe life insurance Over the past year Fayotle- former Greene County decade. There is now more than night jailer, was found innocent placement program whereby all Thursday of a charge of assualt older are being replaced by new . The verdict was returned by tually the city hopes to change STRANGE SITUATION Smith did not reconcile this a Greene County Circuit Court Jury of six men and six women. The Paragould Daily inflationary economic conditions mended by the American Water but said, "It is a strange thing has called for a grand jury in- lol of people say life insur a period of time, a meter will ance is nol good in inflationary Pros. Ally. Gerald not register the entire amount limes, but most people under " of water going through it. Also, by the use of extensions on the there is got to buy a n y w a y and conditions at the jail. Pearson said during dridge's trial Wednesday meter yoke, the city is because you need more. Cox and Wooldridge had attended a marijuana party and that drugs were readily available at read easier and faster than they are at the present time. down and inflation is growing Green County Jailer Is Found Innocent Nathan gould, i with Â· prisoner. " MCCARTNEY FAUCETTE INC. Serving Fayetteville for 38 years ALL FORMS OF INSURANCE 2140 N. College 442-2335 "PÂ«rÂ»enal With EvÂ«ry Wky" IT'S THE REAL THING Be Sure You Always Have .Enough At Home FAYETTEVIUE COCA-COLA BOTTLING COMPANY r (be Artwrity of UM CMXrfa CMnpuy, AtlacU, Ga.