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Friday, 16 Tammuz, 5779
  |  July 19, 2019

    Pay Your Children First

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    This article is SO VERY IMPORTANT
    Guest
    This article is SO VERY IMPORTANT

    A man who does not purchase a life insurance policy for his family (can be as low as $20 per month) does not meet his responsibilities as a husband and father. There is no excuse for not having this. Plain and simple.

    Tzedaka
    Guest
    Tzedaka

    I thought the first thing to allocate is money for tzedaka.

    Alternative
    Guest
    Alternative

    The alternative is to have your picture and face in every frum newspaper and website raising money for your family ch”v.

    Important Indeed**
    Guest
    Important Indeed**

    This is a proactive ( positive and practical) approach.. that we should all take to heart.

    Bracha Feldman
    Guest
    Bracha Feldman

    It is refreshing to see posted such practical and insightful information. Thank You!

    to # 3
    Guest
    to # 3

    put it this way, if a man doesn’t insure that his family will be taken care of after his demise, his family WILL be the ones collecting tzedakah

    to #2
    Guest
    to #2

    As the author wrote: “Charity begins at home.”

    Eating Out!
    Guest
    Eating Out!

    ch families need to realize that spending money in restaurants is by far the biggest waste of money. families are spending $150-$300 a month eating out–thats $2,000 to $4000 a year times 10 years (not so long 10 years ago was 2001) is $40,000 CASH! 20 years (the time we need to make weddings) would be $80,000 if that money was in average mutual fund that does 12% annual (almost all do over 10 year period) your total would be $271,035.09 STOP WASTING MONEY!

    from # 6
    Guest
    from # 6

    sorry, I meant # 2

    I love that the author mentioned to buy for wife too
    Guest
    I love that the author mentioned to buy for wife too

    I love that the author wrote to buy on your wife as well because I over insured myself and thought that was prudent to do, yet had no policy on my wife. Recently a young shlucha tragically passed away leaving a half dozen children behind so I immediately insured my wife as well. Until all children are independent, BOTH parents should be insured IMHO.

    My Agent
    Guest
    My Agent

    My dear friends, its just a phone call away and your on the road to peace of mind, due the recent events in our community, I finally realized that I need to call a life insurance agent, I picked up the phone and called Duddi Farkash one of the most popular guys in our comunity and within a week, I had insurance on my self and on my wife, I am in my late 30’s and I am paying $70 for me and for my wife for a total of 2 million dollars. Don’t waste a minute do it now… Read more »

    So True!
    Guest
    So True!

    People don’t realize how inexpensive a 20 or 30 year term policy is for someone in their mid 20’s. Beofrre one gets caught up in al the fancy whole live/universal policies, just make sure you have a basic term policy that will care for your family if Ch’V the unexpexted happens.

    to #7
    Guest
    to #7

    Buying an insurance policy is not “shakul l’tzedaka.”

    to 13
    Guest
    to 13

    Why not? You are not there to enjoy the money because you are dead! If you die c”v, the money is going to yesomim vealmanos, just because it’s your relatives, it’s not tzedoko? I guess it’s not really tzedoko if you don’t die during the coverage span, but that should be your curse: you wasted money on insurance because you never died and it could have went to tzedoko instead!

    I love that the author mentioned to buy for wife too
    Guest
    I love that the author mentioned to buy for wife too

    I also should mention, when I bought insurance for myself, I bought it online. Then I bought for my wife from Guardian (several Lubavitchers in CH sell that company) and had a more pleasant experience and same rate that my original broker offered, but I looked up Guardian (company my wife is with) and they had higher [credit] ratings than my policy (with Transamerica)

    Best Advice Ever
    Guest
    Best Advice Ever

    During our first few weeks of marriage when i was 19 and my hubby 22 we did this. 18 years and many kids ka’h later we are locked in at a cheap rate and were able to raise the insurance significantly to cover Home, weddings, and all aspects in case f something terrible. Should we ever be in “dire straits” we are able to take out this money and use some of it, while still retaining the policy…. best advice that someone gave us while engaged and we are forever grateful… trust me it has added up over the years…… Read more »

     #8
    Guest
    #8

    And which mutual fund is that?

    true
    Guest
    true

    and david farkash is the best agent

    to # 13
    Guest
    to # 13

    looks like you are not a parent yet, let me tell you that feeding your wife and kids comes BEFORE giving tzedakah, the fact is that rabonim say today that it should be added in to the ksubah as a CHEYUV on the chasan together with all the other responsibilities he has, the community is alway giving money to yesomim and i myself included, it would be a lot easier if everyone had life insurance and ppl that need help while there at it.. should then turn to tzedaka to help pay there life insurance (basic policy) the community would… Read more »

    Shmuly Wachtel - The Guardian Life Insurance Company
    Guest
    Shmuly Wachtel - The Guardian Life Insurance Company

    Thank you for writing and sharing this article. We need more people like your self to spread the importance of this topic.

    It would be my pleasure to further assist. Please don’t hesitate to reach out to me.

    Shmuly Wachtel
    954-628-3752
    [email protected]

    Call Today
    Guest
    Call Today

    Michael Frolich or Elchanan Kasnett (212) 768-2130 I’m a CH resident who called these guys on a recommendation & they worked with me patiently to get a very reasonable policy in place for both me & my wife inside a tight budget. They are the ultimate professionals.

    to #19
    Guest
    to #19

    You are equating supporting your family with buying an insurance policy. Thus far, there is no posek who has paskened that life insurance must be bought as a halachic chiyuv. There is no mesader kiddushin who insists on the purchase of a life insurance policy being written into the kesuba. Find us a Torah source that says, “being responsible is more important than tzedaka.” This is not to say that buying a life insurance policy is not important. Just don’t make things up and say things that are not halachically true. If you can’t make your case honestly, maybe there… Read more »

    Tzedaka Tatzil Mimoves
    Guest
    Tzedaka Tatzil Mimoves

    What’s better? To die and get some relatively minuscule financial benefit? Or To be guaranteed a Long Life by G-d and to prevent premature death, period? Tzedaka guarantees against premature death. Life insurance, no matter how high your premium does not guarantee that you will not die a premature death. No one is saying that people should not purchase Life insurance, as long as they, have money to burn and can easily afford it. But the ones who can afford it most easily are precisely the ones who need it the least, because they are currently at the lowest risk… Read more »

    The world is 5,772 years old - 99.99% of it with NO INSSUARNCE!
    Guest
    The world is 5,772 years old - 99.99% of it with NO INSSUARNCE!

    From the beginning of time, it was common for people to have more than 10 children per family and the lifespan a few hundred year ago was FAR shorter than it is today yet no frum yid (nor secular person) ever had any kind of insurance!!!!!! If someone can easily afford it, no one is telling anyone not to purchase insurance and if you can afford $10,000 to $20,000 to $30,000 to burn on a large Bungalow every year no one is telling anyone not to burn their money as long as they can easily afford to. But don’t let… Read more »

    Robert kiyosaki
    Guest
    Robert kiyosaki

    I agree with your point but not your quote from robert kiyosaki, I think you missed the point, you need to read it again.

    from a mom
    Guest
    from a mom

    B”H my son is a chasson and I made sure he got life insurane before the chasuneh. Everytime R”L someone dies, the whole communiy is made to carry the burden. And even with all the tzedakah we give for them, the widow/widower and childen are left feeling like paupers. Not a month goes by that I don’t get an urgent letter from one Rabbi or another about the need to help an almanah or pay for the chasuneh of a yosom. And MANY of these unfortunate souls were NOT on food samps and Section 8 before the breadwinner died. Just… Read more »

    to #24
    Guest
    to #24

    100 yeas ago people built their own homes without morgages and rent, and no one paid $3K – $18K for tuition. If a parent croaks, how will the surviving wife (or husband) support the family? will hey be a burden on the communiy? Or Sand on line for hours each month a th food stamp and welfare offices? That’s he exent of your ahavas yisroel for your own family? Shame on you. for $40-$50/month both parents can get insurance. You don’t have $40? There are hundrends of kids in CH who need a tutor, mothers who need a frum woman… Read more »

    to 23
    Guest
    to 23

    I suppose ‘if I have money to burn’ I should buy health insurance because tzedoko tatzil mimoves so I really don’t need the health insurance. Brilliant.

    Hope isn’t a strategy, and you must plan your demise and pray that your plans be for naught.

    Burden?
    Guest
    Burden?

    Since when is chesed and helping a fellow Jew “a burden?” I am not opposed to life insurance. However, the tone of the article and many of the posts are troubling. Do you think insurance, any kind, is a way of outsmarting G-d? If G-d wants people to be supported by the community, you won’t get around it. If it’s not by supporting orphans, it might be to help defray the enormous costs of infertility treatments. Do you consider childless couples a “burden” on the community? Hashem takes everything into account. The fact that a family will be well provided… Read more »

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