National Geographic : 1942 Oct
>> WHAT EVERY MAN SHOULD KNOW ABOUT LIFE INSURANCE '<<< How Social Security Benefits MAY AFFECT YOUR LIFE INSURANCE PLANNING ARE YOU ENROLLED under the Federal Social Security Act? If so-have you arranged to have your life insurance money paid to your beneficiary Ain a way that will fit in with any Social Security benefits to which your family may 0(0 0 be entitled under the present law? O0- You see, at the time of your death, mem bers of your family may be entitled to Social NSecurity benefits either in the form of monthly r income or a lump sum payment. Or, if you Sand your wife reach age 65, you may be en 11-63 titled to monthly incomes for life. Here are three ways Social Security bene fits can influence your decision on how to leave your life insurance money: 1. If you have young children, your wife at your death may re ceive a monthly income from Social Security until the youngest child is 18. You will want to consider this income if you plan to have your life insurance money paid her in regular installments, for it will help you determine the most effective amount, starting date, and duration of the insurance installments. 2. If your children are grown. your wife at your death will receive no monthly income benefits from Social Security until she reaches 65. Then she'll begin to receive a monthly income for the rest of her life. Therefore, you might want to fill in that gap by arranging to have all or most of your insurance paid to her as income until she reaches the age of 65. 3. If you live to sixty-five and no longer need as much life insurance protection, you can have the values of your policies paid to you. This money, plus your Social Security benefits and any investments, may enable you to retire. If you would like to know more about how your life insurance can be tied in with your Social Security benefits, see your Prudential agent. PRUDENTIAL INSURANCE COMPANY OF AMERICA Home Offices Newark, New Jersey TUNE IN PRUDENTIAL FAMILY HOUR SUNDAY AFTERNOON, CBS NETWORK The world's greatest music-starring lovely Gladys Swarthout, Deems Taylor, Al Good man's orchestra and chorus, and others.