Show YOUR Youn FIFE UFE INSURANCE Prepared by the American So c ci I let e t y of Chartered Life U Un Undo n d e the national society of life insurance professionals who have hove earned the C L LU U designation by meeting high educational ethical and experience requirements Q My kid sister is a pretty independent gal The other day she said that she doesn't plan on getting married ever evert everl I kind of think shell she'll change her mind but then again what if she doesn't She's got a good job as a nurse and a small life insurance policy polley that would cover her final expenses She recently purchased a retirement annuity Is this sound A. A We cant can't tell you if shell she'll get married or not but for her present needs a retirement annuity is quite sensible This would enable her to set aside side money regularly for her retirement Also you as her beneficiary would receive at least the amount of the premiums she paid if she does not outlive her policy This type of policy would also provide her with a fund on which she can borrow in case of need Your sister can also cash the policy in if her situation changes and except for the early years she will get back at least what she paid in Q I 1 I read somewhere that women own about 14 of the life insurance in this country My neighbor thinks this figure is way too high He also thinks that the idea of insurance for women is crazy Could you possibly convince him hes he's wrong I certainly A. A Be glad to First of all your figure of 14 is absolutely correct At the end of 1970 women owned over billion worth of insurance in this country And you can tell your neighbor that it is not hard to to figure out why Women buy life insurance for many of orthe the same reasons that men do They may have dependents and desire to protect them or they may have the need or desire to create or supplement retirement income for the later years As women have come to take a amore amore amore more active part in the business world their responsibilities have grown and their needs and uses of life insurance have grown too Aside from this there has been increasing recognition of or the economic contribution made by bythe bythe bythe the wife and mother even though she doesn't contribute to the family income The loss of or a wife or mother would involve an economic loss 1088 to the family just as real though not as measurable as the loss 1088 of the husband and breadwinner Q Make hay while the sun that's that what I r say aay But not my husband But Im I'm uw ruse you you'll 11 approve of what he be wants wanta to make plans about death In a world that's filled with beautiful places to visit t and though it wont won't be many years before w were we're re both over 35 36 he kinks nka every spare spar nickel into savings and insurance When b la enough enough A A. One of the most beautiful places in the world many a a. a widow finds is b her own home Some recently widowed women women women wom wom- en get to keep their homes Others Others' have to move out They lose their homes and often olten get the perils of a city apartment in return Insurance Insurance Insurance ance makes the difference Your insurance program is Adequate if It it provides enough funds fund so 80 that you can 1 keep your home 2 raise the children through school without with out extreme deprivation 3 have funds to pay last illness expenses death eath taxes charge accounts and the like like 4 have some income coming in for lor you after alter the children are grown and 5 do whatever you want your insurance program program pro pro- gram to do if It f anything about providing retirement funds An insurance program isn't a plan about death its it's a aplan plan about how to survive if someone someone someone some some- one does die-and die often oCten how to retire if U one doesn't prematurely prematurely pre pre- maturely die The amount of or money required can be con conn considerable That aint hay |