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    "localId": "2661613",
    "label": "Hay, Helen Scott (2 of 2)",
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    "id": "2661613",
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    "contentType": "document",
    "title": "Hay, Helen Scott (2 of 2)",
    "citationUrl": "https://catalog.archives.gov/id/2661613",
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    "url": "https://catalog.archives.gov/id/2661613",
    "naId": 2661613,
    "coverageEndDate": {
        "day": 4,
        "logicalDate": "1970-12-04",
        "month": 12,
        "year": 1970
    },
    "coverageStartDate": {
        "day": 28,
        "logicalDate": "1918-10-28",
        "month": 10,
        "year": 1918
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{
    "seq": 121,
    "pageIndex": 0,
    "type": "photo",
    "url": "https://s3.amazonaws.com/NARAprodstorage/lz/partnerships/40033/0001/DCD00073/40033_2421406259_0470/40033_2421406259_0470-00711.jpg",
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    "ocrText": "I\n-2-\nS\nMiss Helen Scott Hay - March 3, 1930\nC\n0\nthe maximum amount of annuity income possible. You will note that the second\nform of annuity mentioned above, while it provides a slightly smaller monthly\n+\nor annual income to the annuitant, also provides that in case the annuitant\ndied before she had drawn a sum in annuity income at least equal to the amount\nshe had invested, there would be a distribution to her estate or beneficiary\nof what was left.\nSeveral of the old established and large life insurance companies\nissue both these forms of annuity, and should you prefer not to make this\ninvestment in one of the Metropolitan Life Insurance Company annuities,\nthrough this Association, there are several other insurance companies whose\nservices you could use.\nFrom these two examples you can judge for yourself the relative\nadvantage in greater income over the income you are at present receiving\nfrom your other investments, in case you should decide to transfer your\nfunds to an anuuty. There are several other advantages of an annuity be-\nsides income, such as freedom from investment worries and risks and the\ninsurance company's agreement and guarantee to mail to you promptly each\nmonth your annui ty income check right up to the last month of your life.\nOther advantages are mentioned in the enclosed reprint of an article from\nThe Public Health Nurse.\nIt has been our practice, whenever it has come to our attention\nthat a member of the profession has not at least a small savings bank\naccount, to suggest to her the wisdom, in addition to other forms of pro-\ntection, of keeping at least a small sum of money always available in a\nlocal savings bank for little emergencies and those expenses which do not\nre-occur monthly. In your particular case, our advice would be not to\ntransfer all your invested funds to an annuity, but to invest, say $1800,\nin an annuity, and keep $200 in a local bank.\nShould you desire to make your proposed investment in an annuity,\nthis office, wi thout any obligation on your part to this Association, would\nbe glad to send you the usual application forms and arrange the details\nwith the insurance company, seeing that they issue the proper form of\nannuity certificate and that it is promptly forwarded to you. The figures\nwe have given you in this letter are based on the age you stated, and\nassuming that you made your investment in an annuity at this time or before\nApril 1st, and desired to receive your first monthly annuity income check\non May lst, and that the amount of the proposed investment was $2000. An\ninvestment of $500 would provide one-fourth the monthly or annual amount\nof annui ty income in either case mentioned in this letter; an investment\nof $1000 would provide one-half the above amounts; an investment of $1500\nwould provide three-fourths these amounts, and a $1800 investment nine-tenths\nof the above mentioned amounts. The insurance company, on the actual issue\nof the annui ty, would base the exact amount of the annuity income on the\ndate they received the investment and your exact age at the time so that the\nfigures we have given you might be a little smaller or a little larger,\naccording to the day you made the investment.\nTrusting we have given you the information you desired in\nsufficient detail to guide you, we are\nSincerely yours,\n(Signed) J.L.Coddington\nSecretary\n8"
}