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Tuesday, 16 Iyyar, 5779
  |  May 21, 2019

    Shluchim Need Life Insurance

    From the COLlive inbox: Thanks to Genady Bogalubov there is financial aid for Shluchim's simchas. We now need the same with subsidizing shluchim and shluchos’ life insurance policies. Full Story

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    Attention Choson and Kallah Teachers
    Guest
    Attention Choson and Kallah Teachers

    As part of Choson and Kallah classes, the teachers need to emphasize how important it is for everyone to have life insurance. Someone young (low twenties) should be able to get decent coverage for $30 a month (fixed, 30yr).

    It’s simply irresponsible for anyone not to have life insurance. Additionally, the older you get, the more expensive it is…

    change the title!
    Guest
    change the title!

    It should read “EVERYONE needs Life Insurance!”

    You are right #2
    Guest
    You are right #2

    Anyways, why don’t the shluchim (and everyone else) get their own insurance policies? Why does it have to be a handout or a gift?
    Boruch Shalom- you’re off base.

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

    There is currently a group plan in place for Shluchim, however the coverage ($250,000) is far from addequate.

    I would love the opportunity to contribute my expertise to a project similar to this.

    Please contact me for further details.

    sam_wachtel@npcfinancial.com
    954-628-3752

    nah
    Guest
    nah

    any smart person the knows the ins and out of life insurance- its not worth it! not 1 plan out there. to waist all the $$ on what if something happens? so the next guy will drive my car? sleep in my bed?

    Everyone can get very low cost insurance now!
    Guest
    Everyone can get very low cost insurance now!

    koly israel areivim has an excellent low cost life insurance plan. it costs very little to join, so there is no excuse at all.

    We showed thi splan to our non Jewish insurance broker and he was favourably impressed.

    http://www.kolyisraelareivim.org

    #4 - is group the way to go?
    Guest
    #4 - is group the way to go?

    Is a group policy really the way to go? Does it work out to be a good deal for those who are fit and will most likely get a better rate than in the plan, because it has to support those who are overweight and a serious life insurance liability?

    From Crown Heightser to #3
    Guest
    From Crown Heightser to #3

    It is easy to tell it to someone alive asking for a handout, but the problem is that people die, and it’s hard to revive them and tell them what they should’ve done. It’s much easier to knock heads together to make sure to figure a way that everyone gets coverage than to figure out how to sustain an almana and her yesomim. And I certainly believe in traditional life insurance by a rated corporation as opposed to chareidim that designed a project that we have no idea if it will work. They themselves even say that you should by… Read more »

    #6 - very interesting
    Guest
    #6 - very interesting

    It’s a very interesting plan. But what happens if C”V a man tragically dies and leaves behind a mortgage of $800K on his house, and his wife doesn’t work as she takes care of their 10 kids. How does this plan help him? If he had a ‘real’ life insurance plan, it would….

    Needed
    Guest
    Needed

    Not all shluchim can afford the $40 or so dollars a month.. but if those that they do spend that much on cigarettes. they dont need a handout for the life insurance…

     #3- a little support to shluchim
    Guest
    #3- a little support to shluchim

    as you know, shluchim don’t have a large cash flow. Their pay comes in the next world for all the good they accomplish in this world. The least you can do is support them, let alone keep your snarky comments to yourself. I’m not a shliach but have full admiration for them. If they have the opportunity of a handout or gift, why turn it down?

    everyone
    Guest
    everyone

    how about me, I can’t afford insurance for my family, always the schluchim, but the regular joes get squat

    Sam Wachtel
    Guest
    Sam Wachtel

    In most situations purchasing an individual policy as opposed to group coverage is a far better short term and long term decision. For as little as a cup of coffee per day a individual can put a plan in place to protect his or her loved ones, if the unexpected were to happen.

    Over the past 10 yrs, I have helped many Shluchim across the country protect their families through individual coverage.

    Please contact me for further details.

    #10 - It's all about priorities
    Guest
    #10 - It's all about priorities

    I hear what you’re saying. But it’s something they need (much like a house to live in and clothes and food), and they need to be responsible adults and provide for their family. Part of that is finding $40 a month for life insurance. I have Shluchim in my family and I know how much many of them struggle, but this is not an ‘extra’ – it’s a necessity.

    concerned shlucha
    Guest
    concerned shlucha

    While everyone needs life in surance and financial protection please bear in mind that most shluchim have tofundraise every penny and as they get older or if they even become ill and cannot ,fundraise, where is their next penny supposed to come from
    they don’t even get Social Security etc..

    What about health insurance?
    Guest
    What about health insurance?

    Do Shluchim here in the US have a Blue Cross group?

    Boruch N. Hoffinger                BS"D
    Guest
    Boruch N. Hoffinger BS"D

    Did anyone ever propose a National Wedding Insurance?
    Why not? (Jew and ‘lehavdil’ no Jew)
    bhoffinger@aol.com

    Boruch N. Hoffinger                BS"D
    Guest
    Boruch N. Hoffinger BS"D

    isn’t there an existing org. ‘Avreichim?’

    bhoffinger@aol.com

    We USED TO
    Guest
    We USED TO

    At one point there was an arranged Shluchim policy (for cost). Guess what? We couldn’t afford it! We paid for a few months, and then could not continue. (And then the whole plan collapsed, meaning we didn’t have insurance even for the months we paid…) Yes, life insurance is vital, but so are diapers. Electricity. Food. And for many shluchim (and Anash), that’s the choices they are making. Plus, if you miss one month of premiums, that’s it. All the money you spent is kaput. Not so easy to tell people to “just buy life insurance.” May you always be… Read more »

    Been there as a younger almanah
    Guest
    Been there as a younger almanah

    Concerned Shlucha, unfortunately I can tell you from experience is that without any life insurance at all, things can be extremely difficult. You have no pad at all to fall back on, even if it’s only for a bit, while you get yourself together and develop a new situation. A Shliach could still stay in his position as a widow, but a Shlucha is, almost always, not only without a husband and father, but finding herself out of a shlichus. Even if it’s only an ‘average’ policy, it’s still you making a kailee for the care of your family should… Read more »

    carefully do research on your insurance broker
    Guest
    carefully do research on your insurance broker
    carefully do research on your insurance broker
    Guest
    carefully do research on your insurance broker

    we used a guy -frum yid who screwed us (newly married couple) out of every cent we put in
    how young and stupid we were
    how smart and cheatful he was

    Change the title-
    Guest
    Change the title-

    Can we talk about getting every Crown Heights resident life insurance? Or Pittsburgh?
    Maybe, every teacher? Or, how about all grocers?
    Why not, all brunettes? Perhaps, every white-shirt-wearer?
    Why Shluchim? What is it about them that puts a greater onus on their being insured? I run a small business, and struggle to balance the finances of paying tuition, doing mivtzoim, hachnosas orchim, and – yes – supporting my relatives and friends on shlichus. If I die r”l, will my wife be less of an almana? Will my kids nit be yesomim??

    any recommendations for the best plan
    Guest
    any recommendations for the best plan

    or the best company/broker to speak to about
    life insurance???

    No Sidur Kidushin
    Guest
    No Sidur Kidushin

    Its simple. No Rov should agree to be Mesader kidushin unless the couple has Life insurance. At that age the cost is minimal.if they cant afford it,then they will get the $ from the same place that they get their food & rent from.

    Shluchim don't want it
    Guest
    Shluchim don't want it

    There WAS a group life insurance program for Shluchim. The program took over a year to develop and a special rate was negotiated. Furthermore, there was no medical so all Shluchim were guaranteed to be accepted regardles of health. There are many complexities to designing a group like this. The main 2 are that there is no common employer which is required for a group and also Shluchim are all over the world. Even so a special plan was done. I won’t say how, but I was activlely involved in this program and what became apparant very quickly is that… Read more »

    Agree
    Guest
    Agree

    I fully agree with comment NO 24 – – What about the communities you mekarived to help with your parnassa – what happens to them when they fall out of pocket and need to make weddings for their children, pay for eduction, life insurance etc??

    two-tier system
    Guest
    two-tier system

    we seem to have created a two-tier system for ourselves…shluchim, and then everyone else….

    everyone calm down
    Guest
    everyone calm down

    firstly to all those commenting on “why just shluchim?” read the article his point is that there is obviously this donor that cares about the personal needs of the shluchim (the simcha fund and as advertised on col the 500 dollars that every shliach got). The writers point is maybe this donor or other like minded donors want to kick start an awareness to shluchim about life insurance. to those that say they cant afford life insurance they need to realize that life insurance is just like diapers. In 95 percent of the cases its a question of priorities. make… Read more »

    Duddy Farkash
    Guest
    Duddy Farkash

    To # 25 and to whom ever has A Question about Life Insurance, you can always call Duddy Farkash @ 718-3028636, or email him @ david_farkish@bfgny.com, (information as shown on the Collive Calendar) 1. He is Honest 2. He is well known in the Lubavitch Community 3. He is easy to be reached 4. He is an expert on Life Insurance and Financial Planing 5. He Deals with all the Insurance Companies in America (so you’re not limited) Most important, Give Him a Call

    To #27
    Guest
    To #27

    It is very different to want to be part of a shluchim group rate or to want a subsidy that the shliach can choose a suitable plan and then know that he will get a percentage back as a rebate from a fund. I can’t blame shluchim for wanting individuality and not just wear a one size fits all suit.

    Possibly another suggestion to increase life insurance by shluchim would be that the head shliach stipulate as a condition before the young couple comes out on shlichus that they must be insured.

    regarding comment no.24
    Guest
    regarding comment no.24

    i totally agree with no.24. i live in crown heights with a large family kah. i feel that many topics and problems are always focused on the shluchim, and hardly regarding people in crown heights who are always hosting everyone from around the world. who are teachers in our schools etc…. y are we con sidered second on the list? life insurance is very important and should be addressed to us as any other lubavitcher!

    Why shluchim?
    Guest
    Why shluchim?

    Because shluchim’s needs are adressed very effectively by either the Shluchim Office or Merkos. Crown Heightsers needs are addressed by JCC. Unfortunately they always elect corrupts or incompetents. I would sugest a forum arranged by the JCC on the topic of life insurance with a panel of several life insurance brokers.

    insure that our families are insured
    Guest
    insure that our families are insured

    Ensure that our families are insured

    CAUTION WHEN BUYING LIFE INSURANCE
    Guest
    CAUTION WHEN BUYING LIFE INSURANCE

    I work in the life insurance industy and have a vast knowledge of the industry. Bottom line, EVERYONE who has kids should have life insurance Shliach or not. A word of caution though. Life Insurance agents get paid on commission. The more they sell the more they get paid. So when your agent is recomending a product, you have to ask yourself is this the best product for me or the best pay check for my agent. It saddens me to say this but a frum agent does not always equals an honest agent. I am not in sales so… Read more »

    To # 30: The problem with "priorities"
    Guest
    To # 30: The problem with "priorities"

    To commenter number 30 and all others who say, ” life insurance is just like diapers. In 95 percent of the cases its a question of priorities. make it one!”– You obviously have enough money, G-d bless you, and have no idea of what it’s like not to. For your information, the word “priority” comes from the Latin word meaning “first,” and it signifies that, when two or more things need to be done (or bought, etc.), this one comes first. For example, in the case you mentioned (diapers and insurance), if you have only $10. (by the way, some… Read more »

    to number 28
    Guest
    to number 28

    the shluchim are first of all not in frum places which already makes it difficult, if they have to arrange burrials first of all there might not even be a chevra kadisha where they live, its much more complicated! here you have a frum community who can take care of it, this commuity in who no’s where, cant help their rabbi that much, and everything would be on his shoulders, or the shluchas shoulders, and also any money comes that comes in – goes straight to their chabad house and their programs, its very very different, how can u even… Read more »

    Be a MAN!
    Guest
    Be a MAN!

    If you have anybody that is dependent on you financially you have a moral and probably halachik obligation to purchase Insurance. One’s bitachon should not be at another Yid’s expense (including one’s family). Stop treating Shluchim like children that need an incentive to care for their loved ones! Be adults and take care of your own needs. Also I propose a fund that Shluchim should be able to buy late model European cars, they are safe after all. A fund to buy the finest Scotch and Spirits, Crown Royal and Smirnoff don’t cut it any more. A fund for a… Read more »

    25 yrs later
    Guest
    25 yrs later

    We got life insurance when we started our family and ten plus a couple kids later, we still are insured for the same $250,000. Hardly enough for two years! We need more like a million, but that costs!! and who has more to put in, when you’re spending so much on tuition and living expense?!

    Health insurance?
    Guest
    Health insurance?

    Why is everyone so worried about life insurance? What about health insurance? I have been married for over a year and only in the next few months (I hope) will we get health insurance. (Of course I’m not on shlichus so the fact that I had a cold that didn’t go away for three months last year is not an issue).

    no brissen/pidyon habens/baked goods
    Guest
    no brissen/pidyon habens/baked goods

    every mohel should DEMAND that the parents buy life insurance for thier kids – or else he won’t do the bris.
    every KOHEN should demand to see a policy before he does a pidyon haben.
    mikva personnel should refuse to perform thier duties – unless they are presented with a VALID policy – in WRITING.
    Bakeries are to WITHOLD orders and danishes – UNLESS the buyer(s) present VALID insurance certficates & registrations at the time of sale.

    To #37
    Guest
    To #37

    Maybe there is something wrong with our educational system if we have people in such dire straits. I.e the vast majority of people with a good education can get a decent paying job.

    To #1
    Guest
    To #1

    Your proposal is very good. I remember that when I was in chosson classes there wan an insurance salesman that came to offer us a 1 year policy of 300k for FREE (I believe his agenda was that the more he sold the more elevated his status in his company became, so he paid the premium). Even thought it was 100 percent free, I was the only one who agreed to it! I don’t know why parents don’t educate their children, but so many yungerleit are clueless. They were never taught some of lifes basics. Hopefully they all live till… Read more »

    to #40 - but at least it's something!
    Guest
    to #40 - but at least it's something!

    But at least it’s more than some people, and if someone is in the same position as you and C”V has to use it, it’s a good START. So it lasts for two years. That’s two years more than someone with none, and can help someone get back back on their feet, or at least not have the stress for two years after a tragedy.

    #44 - a breath of fresh air
    Guest
    #44 - a breath of fresh air

    good to hear someone responsible enough to do the right thing.

    re #40
    Guest
    re #40

    When you buy a policy, you have to take into account that the coverage will be insufficient later down the line. That is on account of more children, elevating standards of living and inflation.

    I’m not certain about this, but I believe you can buy additional policies as you need to expand your coverage, insurance brokers please enlighten us!

    To #20
    Guest
    To #20

    If you paid for a few months, than you were insured for those few months. Meaning, if a person took out a $5,000,000 policy on 9/10/01 (paying his first months insurance premium) and then died on 9/11/01, his widow would get $5,000,000. When you cease paying is when you cease being insured moving forward.

    And if you still qualify for term insurance, please get it! Your family is worth any sacrifice you may need to make to afford it.

    to #42
    Guest
    to #42

    thank G-d there’s at least one here who hasn’t lost ability to laugh 🙂

    true
    Guest
    true

    I laughed my head off too. It was a great comment. But it is also important to realize the seriousness of the matter. When a Shliach passes on early r”l and he neglected to buy life insurance, it makes Chabad seem very irresponsible to their community. Why not include it as part of the operating budget?

    X