Word: agee
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Dates: during 1950-1959
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...operating a restaurant. When her husband fell ill of cancer in 1953 and lost his bar concession, Roberta found herself with three boys on her hands (now 16, 13 and 8) and no money coming in. While she was being refused one singing job after another because of her age, she kept the family going with occasional $15-or $25-a-night appearances at Kiwanis Club parties or firemen's balls...
...everybody expects to live longer. But the man who can give the best longevity estimate, at least for one out of every five Americans, is Carrol Meteer Shanks, president of the Prudential Insurance Co. of America, which has 33.2 million carefully analyzed policyholders. By charting a man's age, background, diseases, job, habits, even his morals, the Pru can chart the odds on the death age down to the last decimal. The Pru's tables show that a male policyholder aged 21 will probably live to be 73 years old, one aged 30 will live...
...years. Though premiums are high, limited life is best for the man who wants lifetime protection but wants to confine payments to his best earning years. A man of 23 with $10,000 worth of 20-year limited life must pay $320 a year until he reaches the age of 43. Cost of the same policy, if he takes it out at 33: $390 annually...
Endowment Life, one of the "savings-type" policies designed for people who want life-insurance protection plus a source of income to provide for their old age. A big favorite of unmarried career women and family men who have other insurance, one form of a $10,000 endowment policy pays $10,000 in insurance if the policyholder dies before the age of 65, a lump sum of $10,000 when he reaches the age of 65, or an income of $65 monthly for the rest of his life. The drawback is that because endowment policies build up big cash values...
Annuity, a less expensive savings policy, which differs from an endowment in that it provides income for the policyholder after a certain age but upon his death only pays back the policyholder's own equity. Annuities are best for people who are already covered by standard life insurance but want a steady income in their old age. An annuity providing $100 a month at the age of 65 would cost $350 a year for a man starting out at 30, while a woman would have to pay $400 annually for the same income...