web analytics
May 28, 2015 / 10 Sivan, 5775
At a Glance
Blogs
Sponsored Post


The Greatest Gift You Could Leave Your Family

Do you ever read those heartrending flyers that appear in your mailbox, telling you terrible stories of how a family was left totally financially bereft when one parent died or became permanently disabled? Each story is a tragedy in itself. A parent died in dreadful circumstances, maybe from an accident or due to a serious illness, and now the remaining spouse and children are left broke, with no means of financial support. It must be truly very painful for each family to have to rely on the mercy of the public to be able to survive.

Of course, the stories are not only about the financial disaster that is left behind. The strains of getting over such a bereavement, caring for a large family all alone, and maybe dealing with the trauma of a sudden, unexpected death or injury all have their effects on a family. Many of these effects are unavoidable and inevitable, but there are some parts of these stories that could be alleviated to a certain extent.

No one ever knows what is going to happen in life. When you get married, for example, you hope that the marriage will last, that both of you will always be healthy and able to support your children for as long as necessary, and that no one will ever be the victim of a serious accident or disability. However talented we may be, prophecy is not a common talent, and the future remains an open book. While you can’t plan the future, there are certain measures that you can take that will alleviate the effects of a possible disaster.

I can never stress more the importance of taking out life insurance, especially if you are supporting a spouse and children. Although it may not cover all of your bills, the payout from a life insurance policy can at least provide some kind of income until the family can work through this difficult time and start to rebuild.

Obviously, a tragedy will always remain a tragedy, and the grief and pain that a family suffers can never be diminished. However, if there is food on the table and a roof over everyone’s heads, it can make the healing process easier.

Call your financial planner or insurance agent today, to find out the best kind of life insurance that you can take out for your family. It is better to spend the money on a plan and never have to use it, than to be left in the aftermath of a tragedy to survive on the goodwill of public charity.

About the Author: Douglas Goldstein, CFP®, is the director of Profile Investment Services, Ltd, a financial planning and investment services firm located in Jerusalem. He specializes in working with clients who live outside of the United States and want to maintain a U.S. brokerage account. Doug’s newest book, co-authored with Susan Polgar, about how using chess strategies to improve your finances, Rich As A King can be purchased at www.richasaking.com. He is a licensed financial professional both in the U.S. and Israel. Securities offered through Portfolio Resources Group, Inc., Member FINRA, SIPC, MSRB, FSI. Accounts held at Pershing LLC., Member NYSE/SIPC, a subsidiary of The Bank of New York Mellon Corporation. Neither Profile nor PRG gives tax or legal advice. Before immigrating to Israel, it is advisable to consult with a tax attorney who is knowledgeable about Israeli law. Contact at doug@profile-financial.com

The author's opinion does not necessarily reflect the opinion of The Jewish Press.

If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

No Responses to “The Greatest Gift You Could Leave Your Family”

Comments are closed.

Current Top Story
Former FIFA vice president Jack Warner.
One of Indicted FIFA Officials Blamed ‘Zionism’ for 2011 Bribe Charge
Latest Blogs Stories
Riskin Glick Debate

“Land for Peace is a security issue, not a halachik issue” claimed Rabbi Riskin

Fatah1.jpg

Fatah only agrees to talks with Israel to destroy Israel and strengthen its own corrupt&violent rule

Highway 5

The only places where Arab access may be restricted would be what Americans call “gated communities”

Doug Goldstein

Are natural sources of energy, such as thorium and molten salt, effective alternatives to oil?

HaModia’s list of the new government’s ministers omitted the women ministers’ first names: WHY?

Introducing Obama’s latest 2-state solution…

To friends in America: Wishing someone “Happy Memorial Day” means you don’t understand the holiday.

President Obama believes anti-Semites limit their anti-Semitism to discrimination and organizing, but will always put their survival first!

What motivates a successful leader? Who are the best kinds of people to use as your role model?

The warnings came true: Among the 1000 released terrorists, many returned to terror activity

Torah is to be lived. Rabbi Moshe Levinger was a completely living Torah, the Torah of Eretz Yisrael

“Said Rabbi Yochanan: Happy are those who see the fall of Tadmor…” (Talmud Yerushalmi)

Why has Prime Minister Netanyahu given Erdan & Hanegbi insultingly low-level cabinet appointments?

Without Israel, the Jewish People are scattered nomads lacking Torah’s true national grandeur&power

Will it get better/worse for Bibi or does the wily Bibi know/plan something that will shock us all?

Dr. Vernon Smith, 2002 Economics Nobel Prize winner, on predicting housing markets & economic issues

More Articles from Doug Goldstein, CFP®
Doug Goldstein

Are natural sources of energy, such as thorium and molten salt, effective alternatives to oil?

Doug Goldstein

What motivates a successful leader? Who are the best kinds of people to use as your role model?

Dr. Vernon Smith, 2002 Economics Nobel Prize winner, on predicting housing markets & economic issues

Do the food giants really care about our health? Are consumers now eating healthier food?

Loretta Napoleon discusses what lies behind the growth of global terror-high ideals or money lust?

Does online marketing really work? And how can you build your own online startup company?

Learn why time management is important & how it can help build your business, from Jan Lukacs & Doug

Discover the meaning of financial freedom and if you’ll achieve the standard of living that you want

Printed from: http://www.jewishpress.com/blogs/goldstein-on-gelt/the-greatest-gift-you-could-leave-your-family/2012/08/12/

Scan this QR code to visit this page online: