US1738911A - Life-insurance-policy table-value printing-in system - Google Patents

Description

G. LIPMAN 1,738,911

Dec. 10, 1929.

LIFE INSURANCE POLICY TABLE VALUE 'PFuuTme-IN SYSTEM '2 Sheets-Sheet 1 Filed Feb. 29, 1928 z sheets-sheet 2 Dec. 10, 1929. G. LIPMAN LiFE INSURANCEPOLICY TABLE VALUE PRINTING-IN SYSTEM Filed Feb. 29. v1928 m a a 2513;

*2 v 9 7 Imam \Zi/ Ga/brwZ Lzlpmam,

Patented Dec. 10, 1929 GABRIEL LIPMAN, OF CHICAGO, ILLINOIS LIFEINSURANGE-POLICY 'IABLEVALUE PRINTING-IN SYSTEM:

Application filed February 29, 1928. flerial No. 257,868.

Most lifeinsurance policies have a table or chart of values, such as cash or loan values, paid-up insurance, extended terms of insurance, etc.

Such table must meet the requirements of the particular policy in which it is found.

If an attempt be made to keep 011 hand a supply of printed policies including the printed tables for allages and kinds and types of policies, etc., the space required to store them becomes excessive and not feasible.

It is, therefore, common custom to fill in the blank table of the policy with the use of a typewriter, or to typewrite the particular table for any individual policy on thin paper and to attach it to the policy in proper position by glue or paste.

In pursuing these courses there is danger of error in writing the chart or. table and every item requires careful checking to avoid mistakes, and, in the case of the attached table, the patched-up policy does not present a finished and pleasing appearance.

My invention pertains to efiicient and suitable means for printing the table in the policy when required, and in such a manner as to avoid the possibility of a mistake, and, in this way, an undue amount of storage facili- 30 ties is not required and checking is reduced to a minimum.

By employing the novel and improved method and equipment, the policies with the properly-printed tables may be produced at little cost and in a rapid and efficient manner.

Thus the new system assures greater speed, absolute accuracy and considerable economy in the filling in of the option or policy value table of the life-insurance policy.

To enable those acquainted with this art to understand the invention fully, both from structural and functional standpoints, I have presented a desirable and preferred embodiment of the invention in the accompanying drawings, forming a part of this specification, and throughout the several views of which like reference numerals have been employed to designate the same parts.

In these drawings,

Fig. 1 is a fragmentary, perspective view of the necessary equipment;

Fig. 2 is a longitudinal section through one of the printing-plate holding drawers;

Fig. 3 is a vertical cross-section through the drawer;

Fig. 4 is a fragmentary, plan view, partly in section, of the front portion of the drawer;

Fig. 5 is a face view of one of the printingplates; and

Fig. 6 is a perspective view, on a reduced scale, of one of the gauges used to position the printingplates correctly in the printingpress.

Referring to these drawings, it will be noted that the apparatus, in the present instance, includes a fiat-top cabinet 11 equipped with a number of drawers 12, each supplied at its front end with an operating handle 18 and a legend-card holding frame ll.

Each such drawer is designed and adapted to hold a group or series of table printingplates 15, a sample of which is presented in Fig. 5, and a right-angle gauge 16 designed and constructed to be used in the chase of the printing-press 17 on top of the cabinet 11 with any one of the plates in such drawer.

Each drawer houses a pair of vertically grooved bars 18, 18 having screw-threaded, horizontal rods 19 and 21 extended through aligned holes therein and fitted at their ends with cap-nuts 22 adapted, when properly adjusted, to bear firmly against the inner faces of the side- walls 23, 23 of the drawer.

In order to hold the bars 18, 18 in correct parallel, spaced relation, such rods have nuts 24, 24; hearing on opposite sides of each of the bars.

The threaded rods are maintained at the correct height in the drawers by means of adjustable turnbuckles Q5, 25, the lower ends of which are fastened to the bottom wall of the drawer and the upper eyes of which receive and accommodate such cross rods.

-By the means indicated, the grooved or channeled bars may be mounted in separated or spaced relation and adjustably in the drawer without substantial change in or n1utilation of the latter. 7

Thus, like holding means may be employed in all of the drawers for receiving printingplates of substantially different dimensions.

It is to be understood that each drawer holds a group or series of printing-plates, corresponding to different ages, and hence differing in the values of their items, for one particular type of policy, for instance, ordinary life.

Thus each drawer contains a full equipment or complement of printing-plates for a single style of policy, the plates being arranged in series for the difierent ages of the insured.

Hence there should be as many drawers as there are different kinds of policies, the characters of which are indicated by legendscards in the holders or containers l4; and there should be as many registering pairs of grooves in each drawer as there are ages corresponding to the kind of policy for'which that drawer is reserved.

The ages are indicated by numerals on the top edgesof the bars 18 opposite the plate channels, whereby the location or replacement of the plate for any particular kind of policy and a specified ge iseasily effected.

When the printing-press is not in use, every groove in every drawer is occupied by such a printing-plate, and, when one of the latter is temporarily removed for employment in the press, it can be easily and correctly replaced because there is then only one vacant pair of grooves to receive it.

, All printing-platesin any drawer are of the same size, and can consequently be used with the single gauge 16 for that drawer, such gauge when idle lying on top of the plates, as shown in one of the open drawers depicted in Fig. 1. I

It is to be understood that such removable gauge is used in the chase of the press in conjunction with fixed guides thereof used with all of'the gauges to correctly position any one of its drawer'assoc-iate plates to print its 7 7 table in the proper location on the sheet of the policy; 7

Each plate has a printing designation 26 which indicates the kind of policy and the age for which it is to be used, and hence the operator merely observes whether such legend agrees with the ,kind of policy required to have its table printed in and is for the proper age. 7 He can not make a mistake if he is correct with respect to these two features. 7

Assuming that the operator is required to print in the table or chart of an otherwise completely printed Ordinary life policy for'the age thirteen, he opens the drawer marked Ordinary life, or any suitable abbreviation thereof, and withdraws its plate opposite the figures specifying the age. I Thereupon, he places such plate and the gauge of that drawer in the printing-press, the gauge correctly locating or properly positioning theplate to print its tablein the precise relation required in the policy, and then he places the policy in the press and prints the table thereon.

Then, he removes the now complete policy and restores the plate to its grooves, no others being then available, and returns the gauge to the same drawer.

He is then ready to print any other policy in a similar manner from the same or any other plate.

The chance of making an error is practically entirely eliminated and the finished policy presents a satisfactory, complete printed appearance.

In checking the policy, the checker merely ascertains whether the printed legend 26 agrees with the kind of policy and age of the insured. If these two are correct, the entire table must necessarily be without error.

From the foregoing, it will be obvious that a substantial amount of time is saved in completing policies by the new system and method, and that a material reduction in cost, together with remarkable accuracy and freedom from mistake, is had.

The invention is not necessarily limited and restricted to the precise and exact details of structure shown, since these may be modifled within comparatively wide limits without departure from the heart and essence of the invention and without the sacrifice of any of its substantial and material benefits and advantages.

I claim:

In an appliance for printing value tables in life-insurance policies, the combination of a printing-press having guide means for its chase, a printing-plate gauge adapted to be positioned on said chase against said guide means, and a printingplate adapted to be placed on said chase in contact with said gauge to be correctly located thereby for proper printing register with the life-insurance policy.

In witness whereof I have hereunto set my hand.

GABRIEL LIPMAN.

Images