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Moving Forward on Your Own

A seminar for widows and friends

Presented by

Name:

Firm Name:

CLAC.1074 (09.13)

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Betty & Bill

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A Widows Tsunami

• Widows are one of the fastest growing demographics today1

1U.S. Census Bureau. 2011 American Community Survey: Marital Status

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Today’s agenda

• Startling facts• The impact of grief and emotions• The 3 stages of widowhood• Avoiding common mistakes• Next steps

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Startling Facts

• There will soon be 12 million widows in the U.S.2, with about 1,000,000 added each year3.

• The average age of widowhood is 59.44

• 70% of Baby Boomer wives will outlive their husbands5; 80% of women will be single at death6.

• Half of women over age 65 will outlive their husbands by 15 years7.

2U.S. Census Bureau. 2011 American Community Survey: Marital Status3 U.S. Census Bureau, August 2011 (Marital Events of Americans: 2009 (American Community Survey)4 U.S. Census Bureau, May, 2011. (Number, Timing and Duration of Marriages and Divorces: 2009; Household Economic Studies)5 Brian R. Korb, PhD., CFA, CFP®, Assoc Professor Texas Tech University. Journal of Financial Planning, “Financial Planners and Baby Boomer Widows: Building a Trusting Relationship.”6 Illinois Department of Financial & Professional Regulation, 2009.7 Pershing Practice Point, “Serving Women Investors was Once Considered a Boutique Business. Today, It is Imperative for Success”

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Stress and your brain

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3 Stages of Widowhood

Grief

Growth

Grace

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Stage 1: Grief

• Highly vulnerable time• Taking care of me:

• Exercise• Nutrition• Rest • Spiritual Practices

• Need to be heard and understood• Financial triage:

• Immediate needs• Cash flow• Filing for death benefits

• NO big irrevocable decisionsNumb

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Stage 2: Growth

• Cognitive functions normalized, beginning to feel balance

• Taking care of business:• Investments and taxes• Pre- or post-retirement

issues• House decisions

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Stage 3: Transformation

• New life evolves• Taking care of more:

• Advanced planning• Estate planning• Charitable giving• Special family issues

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Avoiding Common Mistakes

• Don’t rush• Beware of predatory financial offers and

practices• Proceed with caution with housing

decisions• Take an objective approach to your

financial matters• Don’t be a purse for others

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Avoiding Common Mistakes

• Don’t rush• Beware of predatory financial offers and

practices• Proceed with caution with housing

decisions• Take an objective approach to your

financial matters• Don’t be a purse for others

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Avoiding Common Mistakes

• Don’t rush• Beware of predatory financial offers and

practices• Proceed with caution with housing

decisions• Take an objective approach to your

financial matters• Don’t be a purse for others

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Avoiding Common Mistakes

• Don’t rush• Beware of predatory financial offers and

practices• Proceed with caution with housing

decisions• Take an objective approach to your

financial matters• Don’t be a purse for others

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Avoiding Common Mistakes

• Don’t rush• Beware of predatory financial offers and

practices• Proceed with caution with housing

decisions• Take an objective approach to your

financial matters• Don’t be a purse for others

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Avoiding Common Mistakes

• Don’t rush• Beware of predatory financial offers and

practices• Proceed with caution with housing

decisions• Take an objective approach to your

financial matters• Don’t be a purse for others

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Avoiding Common Mistakes

The ABCs:A = Ask questionsB = Buyer bewareC = Care for yourself

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Next Steps

Look for the best financial advisor,

for you.

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Next Steps

Assess your life values.

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Next Steps

Non-widows: accept reality.

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Next Steps

• Questions for you and your spouse: • Are the wills and trusts up to date? • Where are our investments? How do I access the

information? • Are the beneficiaries named correctly on IRA and

other retirement accounts?• What’s in the safety deposit box? • What are the passwords and pins on your various

accounts?

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In review

• Startling facts• The impact of grief and emotions• The 3 stages of widowhood• Avoiding common mistakes• Next steps

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You have loved.You have lost. You can move forward on your own…but not alone.

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Thank you.

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Important informationThis seminar was developed in collaboration with Kathleen M. Rehl, Ph.D., CFP®. Dr. Rehl is the award-winning author of Moving Forward on Your Own: A Financial Guidebook for Widows. A widow herself, Dr. Rehl is frequently invited to speak about widows and their financial issues to professional advisors and women’s groups. Her work has been featured in The New YorkTimes, Wall Street Journal, AARP Bulletin, U.S. News & World Report and many other publications. The U.S. Army also uses her guidebook in their Survivor Outreach Services centers worldwide. As a certified financial planner and registered investment advisor, Dr. Rehl had her own independent financial planning firm for 17 years. She closed that business at the end of 2013 to give moretime for speaking, writing and teaching activities.

The content of this seminar is meant to be general information on the subject of widowhood and grieving, and should not be considered legal or tax advice by consumers. This content does not necessarily represent the opinion of Protective Life. For information about Protective Life and its products and services, visit www.protective.com. The examples of widows’ stories quoted in this seminar are fictional. Kathleen M. Rehl is a paid third-party consultant and is not employed by Protective Life.

Neither Protective Life nor its representatives offer legal or tax advice. Consumers should consult with their legal or tax adviser regarding their individual situations before making any tax-related decisions.

Protective and Protective Life refer to Protective Life Insurance Company (PLICO) and its affiliates, including Protective Life & Annuity Insurance Company (PLAICO). Both companies located in Birmingham, AL.