De versity . education,

inesday, November 23, 1966

.

TERRACE ‘Crnineca | HERALD, TERRACE, BRITISH COLUMBIA

E WORRY-FREE|
ROUTE. .-
‘By JIM THOMSON
. {tecond in series) |.
BeEHY DO MOST PEOPLE OWN
meee’ LIFE INSURANCE?’ .
mhe first life insurance policy
meerecord was issued almost 400
as ago. Since that time the In-
tion of life ingurance has
eevn at a phenomenal rate, par:
a A parly. during the last decade
mo, until today it has one of the
\ important factors “in our
meern society and the aconomy
ur country. Today the amount
¢ insurance owned . by our
on’s families is more than 100
ps what it was in 1000.
EFITS DOUBLED
is also interesting to note that
a benefits of life insurance have
bled those of a decade ago, and
we life insurance each ‘year are
ming for more dollars to. living
macyowners than to families of
mee Who have died.
mvhy then do most people own
me life insurance? Generally
Seking, most people believe it
Ae good thing to own “some”
f insurance ‘but the reasons: for
acquiring this form of prop-
are varied and many.
BAILY PROTECTION
so one person, the purchase of
mie insurance policy represents
Murity and protection for the
ily. The physical money value
aa human body isn’t worth much,
en under present day inflated
Fees, but the human value when
Riculated on the lifetime poten-
mi earning power of the bread-
meenner of a family is something
watirely different, Take away this
human asset from a dependent
3 amily and its value is immediate-
BY apparent. A recent study provid-
d a reveafing’ set of figures
which are almost frightening. The
amily income decreased sharply

mn all cases following the death!

geet a breadwinner, the average
drop being 68 per cent!

: The owning of an adequate and |.

iS carefully planned life insurance
aprogram is the éasiest and simpl-

ag lest way to cut these losses'to a
Seainimum for the average person.| .
aeSOPECIFIC SAVINGS ;

To another person, the purchase
agof a life insurance contract might

meesimply provide a way to save
mmoney for a specific purpose or]
mobjective. A common example of |: :

wathis would be a parent, grandpar-

ent or other relative setting aside |

geome money now in order to

. guarantee a child a higher educa-|

7 tion or a good start in the business

a World. It would be interesting to].
follow the accumulating Principal

m and compound interest growth of
i such a fund over the years. Stat-
istics show that, on the average,

m a university graduate earns: better
m than 50 per cent more money
over his lifetime than a high
m school graduate earns during the
same period. In terms of actual
Bearings, this amount could well
B be over $100,000 more. Assuming
@ that $5,000 is required for a uni-
z it would take
fem uch less invested in a life in
surance polley when the child was
young, to guarantee that the same

s ELECTRIC

* Major Hance
es & vice

* slechicd
Contractor

* Residential ee

% Commercial

Comer of Kalum and Park : od
Phone Viza7sa |] |

Motor Winding

' ,Jage. From that original investment
, - of ‘a few thousand dollars in an

[the -benefits to society and the

college funds. would be available
when the child reached universally

educational. insurance‘ policy
comes a lifetime garning return
of over $100,000, not to mention

community in general, -

SINKING. FUND

To a business executive, life in-
surance provides an ideal meats
for creating a self-completing
Sinking Fund which can guarantee
his family a fair purchase price
for his business fnterests should
he die prematurely. Or. business
life insurance will provide the ne:
cessary cash to allow a firm to
continue “business as usual” over
any reorganizational period follow.
ing the death of a key man or
partner, Another important aspect
in business today is the fact that
much of the-world’s business {s
carried on by the use of credit.
The collateral value of life in-
surance policies on the lives of the
owners of a business will greatly
enhance and facilitate negotiations
with the bank in establishing an
adequate and satisfactory line of
credit which can play such = an
important part in the progress of
a busittess these days. .
RETIREMENT KEY __

- To many other people, life in-
surance provides the key to an

adequate retirement income which
cannot be outlived. The annuity
principlg inherent in most perm:
anent life insurance, plans allows
ug to apend more money now and

have. more income left’ -for
the time when we can_no longer
work or when we just don't want
to work any longer — a happy
thought! In other words, it re-
quires ‘much less money set aside
in a life Imsurance contract to
guatantce a lifetime income than
any other methed of attaining the
same goal, At the time of retire-
ment, the uniqua flexibility in the

anaulty provisions of a life in-]

auranca policy allows us to .select
a Wide choice of ‘income arrange-
ments which would be free from
stockmarket: fluctuations or other
investment worries.
BASICALLY FEAR ;
There are many other reasons
why life insurance is- being ‘pur-
chased in ever-increasing amounts
by young and old, men and women

in all walks of" life. The basic rea-| }

son most people own “some life

insurance is the fear of the future..

Only the magic of life insurance

ran arrest these fears and guaran-| J
fee peace of mind and content-

ment.

The next article in‘ this series
examines the big question: which
is often asked — How Much Life
Insurance Is Enough?

Mustang Pledge

oe _ . I will not pay extra for bucket seats.
_- Iwill not pay extra for a sporty stick shift.

Freight Agents for:
SMITHERS TRANSPORT
(To Smithers and Hazelton)

REITMIER TRUCK LINES
_{To Vancouver)
Local & Long Distance Moving
AGENTS FOR UNITED VAN LINES
Herman Bandstro . ‘Epp Telstre

4504 Keith — modern facilities and spacious heated
warehouse for all your Storage needs.

is ~ hasa
‘, ~ better idea -

for’67

J ‘will not pay extra for wall-to-wall carpeting. _

| will not settle for an automatic transmission unless | can
a also shift it manually...like Mustang’s SelectShift..

will not brag about my Mustang's Tilt-Away Steering Wheel. |

Mustang Hardlop

$2956"
: There’ are: three all-new \ ways to take the Mustang
oe Pledge. All longer, wider, sportier. Hardtop, con: -

. Mustang's

_ lower price - _

vertible or’ fastback.
allegiance, you'll be
a you'll be driving a bea

Whichever one ‘wins your
smiling. Because after all,
utiful bargain!.

Mustang’s motto “Bred first .
Mustang gives you much more ‘for your money than’...
the recent arrivals. And,: (delicious. thought!) a
_ Mustang costs you less to begin with, will you now. a
. please raise your right hand?

vill. not gloat o over how much I saved at Mustang’s new lower f price.

. ta ‘be first’! "Means

Manufacturers suggested rotal price delivered factory Oabwitte As labelled at all Ford Dealerships. Whitewalls and wheel covers “extra, a - :

| "FORD oF CANADA.
MORE COMPREHENSIVE
1 THREE POINT.
~” WHEW CAR
WARRANTY

0 5-yaar/50, poo mile. warranty

On the power train, steering, suspension and whaats,
7.) 2-year/24,000 nile- warranty

_ on the entire cr,
o Only ane dealer eéstificntion per year, ;
. See your dealer for dataits.' :

MUSTANG

HARDTOP, CONVERTIBLE, FASTBACK 2+2.. ae

“ EVERY 1967 FORD CAR IS EQUIPPED WITH THE FORD OF CANADA STANDARD SAFETY PACKAGE.

“BOB PARKER LTD.

Terrace, B.C, ve

. Phone VI 3.5893