The Washington times., 1930-06-24
INSURANCE
AMOUNT IS
PROBLEM
Policies Should BE Considered
Savings and Not Expense,
Expert Points Out
By FRANK +. LOOAIIs

M 4A1G VA kAhC BAGAW, kAObANAAA0 vAAS
average business man has to
solve Is how much life insurance
he should carry and Whist can
he afford to pay for 1t.
Life insurance should not be
figured as an expense as it Is
purely q savings proposition
coupled with an absolute safety
clause for the protection Of the
mans family in case Of death
and q savings for himself in ma.
ture years.
A lump sum Of money is often
q dangerous thing to leave to q
mans family as the principal
may be squandered or lost
through unfortunate investments.
A monthly life income is the an.
swer to this problem.
II you wish to know just what
the monthly income win be il
your insurance is payable in that
manner, instead OF In q lump
sum, first, set down the total
amount of life insurance you
now have, whether it is $1,000,
81, 900, 5000 or $50, 900. Second,
scratch out the last two ciphers.
Third, divide the number that
remains by two. Your answer is
the amount Of monthly income
from your life insurance you are
leaving to your wife or de-
pendentS when you die. This
result may show that you are
possibly over.insured or that you
are not carrying enough life in
Surance.
Another simple way to figure
how much life insurance you
should carry Is as follows: II the
interest on your life policy, plus
the income on your other invest
lnents, will equal one-half of your
present income and earnings, you
do not need any more life insur-
ance. II 1t does not, then you
do need more as surely you want
Ito leave your family an income
after your death Of at least one
half OF what 1t is now. Your
earnings will stop at your death
but so will your personal ex-.
penseS. Therefore, so per cent is
q safe amount to figure on.
In explanation, SuppoSing your
income from securities is $4,000
and your salary $4,000 and you
desire to leave your family at
your death one-half Of your
present income, which would be
5000. As your securities would
pay $4,000, you should carry
enough life insurance to yield
$4,000 q year more.
There are close to 10000, 900
women In the United States who
earn their own living. Hundreds
of thousands are employed as
stenograpfers, typiStS, secretaries.
In the school teaching profession,
78 per cent are women. The
Government offices employ large
numbers of women and the
telephone industry is one OF the
largest users Of women labor. In
the department stores, there are
thousands Of women clerks and
also in the factories, mills and
industries. A very small proper
tion Of these working women
carry either life, health or
accident insurance. And they
are dependent on their earnings
for d living and in many cases
have q family also to support.
For the business woman, q 20
year endowment policy is an ex-
celIent form. This policy costs, at
are 35, about $45 q year for 81 ,0O0.
payable at death, at any time, or
| in cash at the end Of 90 years.
Then her income must be pro-
tected! An accident and health
policy, paying q stipulated sum
weekly IN case Of illness or acci-
dent, will protect her earnings
against loss, which is essential TO
I'the self-Suppo sorting woman.
The FIRST National Studio re-
Gently took out an Insurance
policy of 81 900 900 on the speak
| ing voice Of CorriI1e Griffith, NOV
| ing picture star. Miss Griffith. in
commenting on the importance OF
insurance, makes the following
statement:
Insurance has certainly
played q great part In helping
60 make America the most pros
porous country IN the world. 1t
teaches thrift; II safeguards the
welfare OF the family; it en-
ables individuals to enjoy the
comforts Ok life In their old
age; IL Is 3 protection against
financial loss through accident
or iII-heaIth and IL has = dozen
other important advantages
over the usual ways of saving
In the motion picture world, In
surance Is recognized IS invalu-
i able to the individual players,
i as well as to the company, but
In various walks Of life men
and women are prone 70 meg.
Iect or overlook the many ad-
vantages Of taking out . policy,
and they are uncertain Is to
just what type Of policy would
be best suited To their indiyid.
uaI needs. That d why / be-
/ Iieve that the great amount Of
educational publicity which In
surance Is receiving through
the pfees win prOVe az treat