HERALD Official Organ Of The Sla vonic Benevolent Order Of The State Of Texas. Founded 1897. BENEVOLENCE
VOLUME 53 — NO 25
HUMANITY
BROTHERHOOD
Postmaster: Please Send Form 3579 with Undeliverable Copies to: SUPREME LODGE, SPJST, P. 0. Box 100, TEMPLE, TEXAS
JUNE 23., 1965
FROM THE EDITOR'S DESK WOMEN AND LIFE INSURANCE
QUOTES . . .
A great many life insurance policies are available to women today in almost all our life insurance companies. Our SPJST is no exception. This is a far cry from practices in the life insurance industry around the turn of the century, when women were considered bad risks and not insurable. These policies are so flexible that they can be tailored to 'fit just about any family situation, even of those who have careers and work at regular jobs. • • The single working girl, just out of school, rarely has anyone dependent upon her. She probably needs savings, however, so her best bet is an SPJST policy which builds cash values rapidly. For about $20 a month, a 21-yearold secretary can buy an endowment policy with the SPJST which has a cash value of $900 in five years. By borrowing on it then, or simply cashing it in, she could pay her wedding expenses, or if she's not married at that time, use the money to purchase furniture for an apartment. If she died in the meantime, a $10,000 death benefit would go to her parents or other beneficiary. • • The career woman needs to supplement her 'future retirement income from Social. Security and her company pension, if any. For a monthly premit= of $50, a 45-year-old woman can ;get an SPJST life insurance annuity
Since men are social by nature they are meant to live with others and to work for one another's welfare. —Pope John XXIII • • Rebellion in itself is not necessarily bad; we are a nation founded upon rebellion. But rebellion has its virtue if the cause justifies it. Rebellion for the sake of rebellion is senseless. —Dale Francis • The reason people do not recognize opportunity is because it usually goes around wearing overalls looking like work. —Thomas A. Edison ♦ • We must ourselves believe the things we tell our children. —Unknown guaranteeing her a lifetime income of about $80 a month, starting at age 65. ir death occurs before retirement, the annuity benefit of her beneficiary usually equals the total premiums paid or the cash value of the policy, whichever is greater. The so-called "retirement income" policy for the same premium provides a greater death benefit in early policy years, but the retirement income is lower. • The career woman with dependents obviously requires greater financial protection during the dependency period. For her death-benefit need alone, term insurance is cheapest. A 35-year-
old woman can protect her dependents for the next ten years with a $10,000 term policy for an average monthly premiums of about $6. When you buy term insurance, no cash value is created, but for about $15 a month, she can buy $10,000 di ordinary life insurance which will have a cash value of about $1,400 after 10 years, and by age 65 will provide a lifetime retirement income of approximately $50 a month. • The working wife possesses an earning power well worth insuring, in addition to her usual "domestic" value. If her income helps pay living costs, her death could cause a disastrous financial setback for the father and husband. Consequently, a policy emphasizing "term protection" may be the best idea. On the other hand, if a good share of her earnings go into savings, a policy that also builds cash values, such as ordinary life, may be more desirable. • • The housewife who "doesn't work" tat a regular paying job, that is), is perhaps most Often overlooked when it comes to buying life insurance. A surviving husband, left with children at home, could find expenses up rather sharply, perhaps $200 to $300 a month, if he has to get an outsider to do the regular household chores and take care of the smaller children. He would also lose the benefit of joint-return income tax rates, and his Social Security benefits would be less if he