Women’s Insurance & Retirement

Table of Contents

 

Chapter 1: Women and Financial Myths

6

 

Improving One’s Immediate Financial Position

9

 

Obtaining a Better Paying Job

10

 

The Possibility of Divorce

11

 

Getting Ready for Retirement and Old Age

12

Chapter 2: Widowhood

14

 

When Husbands Die

14

 

Receiving Life Insurance Proceeds

14

 

Entering Probate

16

 

     Chart: Confidential Inventory of Assets

17

 

Published Notices

18

 

Which Bills Should be Paid?

18

 

Utilizing All Possible Incomes

18

Chapter 3: Living Single

20

 

Single by Choice

20

 

The Widow

21

 

Income Categories

22

 

Domestic Partners

24

 

The Divorcee

25

 

Prior to Facing Divorce

27

 

Separation Agreements

28

 

Deciding What is Equitable

29

Chapter 4: Marriage & Finances

31

 

     Ante nuptial Agreements

34

 

United by Love; Separated by Finances

36

 

Marriage Creates an Insurance Need

37

 

Sharing Ownership

38

Chapter 5: Financial Control

40

 

     Goals

41

 

     Questions to establish goals

44

 

Achieving Privacy: Why is it Necessary?

46

Chapter 6: Insurance and Debt

49

 

     “Binding” a policy

52

 

     Establishing Net Worth

54

 

     Equal Credit Opportunity Act

56

Chapter 7: Retirement Investing

60

 

     Life Expectancies

60

 

Longevity Determination Affect Money Strategies

62

 

Inflation: the Silent Robber

63

 

The First Step to Investing: Adequate Life Insurance

65

 

Protecting Income through Disability Insurance

66

 

Establishing a Savings Account

66

 

Home Ownership

67

 

Investing Disposable Income

67

 

Individual Retirement Accounts (IRA)

69

 

401(k) Plans

72

 

Annuities / Annuity Types

73

 

Annuity Withdrawals

76

 

A Payment of Money

77

 

     Finding the best annuity products

79

 

Annuity Subcategories

82

 

     Payout Options Available

83

 

Single Premium Whole Life Products (SPWL)

85

 

Single Premium Variable Life Policies

86

 

Investing at Older Ages

87

 

Investment Advisers

88

Chapter 8: Women’s Retirement Issues

90

 

     Why women end up alone in retirement

90

 

Social Security

91

               Combining Insurance with Other Tools

99

 

     Life insurance is issued for several reasons

99

 

     What happens when there is no valid will

100

 

Key Person Insurance

104

 

Insuring Losses

105

 

Utilizing a Will

106

 

Living Trusts: “Private Wills”

108

 

Who Should Set Up a Living Trust?

113

 

Choosing Beneficiaries Wisely

115

 

     Guns

115

 

     Pets

115

 

Holding Property Jointly

115

 

Community Property

116

 

For Single Women

117

Chapter 10: Selecting Life & Health Insurance

118

 

Disability Insurance

119

 

Types of Disability Insurance

120

 

Disability Policy Features

121

 

How Much Disability Protection is Needed?

122

 

Life Insurance

122

 

Who Needs Life Insurance?

123

 

Determining Needs

125

 

What Kind of Life Insurance Should a Woman Buy?

126

 

Employee Life Insurance

127

 

Teacher’s Life Insurance

128

 

Term Insurance

128

 

Ordinary or Traditional Whole Life Insurance

131

 

Variable Life Insurance

134

 

     Prospectus

135

 

Limited Payment Life

136

 

Universal Life Policies

137

 

Insurance Riders

138

 

Grace Periods & Reinstatement

138

 

Incontestability / Suicide

139

 

Policy Ownership

140

 

Finding the Right Company to Represent

140

 

Changing Life Insurance Policies

141

 

Life Insurance as an Investment

143

 

Health Insurance: a New Era

143

 

     The Patient Protection and Affordable Care Act

143

 

     “Subsidized”

144

 

     General impact of the new health care system

148

Chapter 11: Selecting Property & Casualty Insurance

151

 

Auto Insurance

151

 

Liability

152

 

Medical Insurance

153

 

Collision Benefits

153

 

Comprehensive

154

 

Uninsured Motorist

154

 

Setting Insurance Rates

155

 

No-Fault Insurance

156

 

Renter’s Insurance

157

 

Homeowner’s Insurance

157

 

     Basic, Broad, and Comprehensive Forms

159

 

Personal Property

161

 

Liability Insurance

162

 

United Insurance Educators, Inc.

8213 352nd Street East

Eatonville, WA 98328-8638

Website: www.uiece.com

 

Email: mail@uiece.com