HavdalahHappening - Temple Beth El of Boca Raton

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a hidden treasure “Open Your Life Insurance Treasure Chest”By RICHaRd K. NEwMaN, CPa, aEP, PFS BuiLding toMorroW today There are still many lovely naming opportunities available on both the Beck Family and Main Campuses. If you would like a tour of our Beck Family Campus to learn more about supporting our campaign, please contact Amy Friedman at afriedman@ tbeboca.org. We would like to acknowledge the generosity of our most recent donors to the ‘Building tomorrow today” campaign. up to $1,799 in honor of Hannah chestnov’s Special Birthday Lana and Jerry Lieberman 4 T H E C H R O N I C L E | www.tbeboca.org To say that the past few years have been difficult is an understatement. Those of us in the business of long-term fundraising have found it especially difficult with so much emphasis being placed upon current financial needs. The obstacles we face are consistent with every individual I know who is working to support charitable organizations’ long-term fundraising efforts. In our efforts to find long-term planning opportunities that may provide immediate relief to our congregants, we have discovered an area that is consistently overlooked, especially by our most senior Temple members. Many members have owned life insurance for many years. Their policy (or policies) are at the bottom of a drawer and have not been reviewed by a professional for a long time. Over the years, they have paid premiums and have built up substantial cash value. Their agent has left the business, retired, or even passed away so no one is “looking under the hood.” There may be gold in these older policies! Due to advancements in medical underwriting, updated life insurance policy design, and a reduced cost of life insurance, many of these older polices can be increased in death benefit by two or threefold at no additional cost. As endowment chair, I assisted one temple member with his policies that had not been reviewed in many years. This member had previously been denied additional coverage only a few years prior and felt, “Why look? I can’t do anything with my current policies due to my health.” He could not have been more wrong. Not only was he insurable, he was insurable at the highest possible rate class when only a few years prior he was uninsurable. As a result, new insurance was established where the existing cash value from his current policy was transferred to a new policy that was issued by a different life insurance company. The new policy more than doubled the death benefit of his old policy. This member elected to donate the additional death benefit to Temple Beth El upon his demise. I know many of you may be skeptical, and may be thinking that his health was far better than your own. You may also think that you are much too old to obtain life insurance coverage and let’s leave well enough alone. You really must think again. I personally am fifty-three years old, and three years ago I had my first medical issue. I had a stent placed in one of the arteries leading to my heart. I recently applied for life insurance and was issued a policy by a very highly rated carrier at standard rates of insurance, when only five years ago no carrier would write coverage on my life. This is not the only example. In certain circumstances, men who have had prostate cancer may also qualify for coverage. The example noted in this article is only one alternative. Many insured’s are still paying premiums. I have personally run across situations where premiums are substantially reduced using this identical strategy. If we can help you accomplish a reduced premium, maybe a portion, or all of the savings, could be redirected to Temple Beth El to help with our current financial needs. Regardless of your age, should you own life insurance that has not been reviewed for more than two years I urge you to discuss this with myself or Amy Friedman who will place you in contact with a member of the endowment committee familiar with these issues. I urge you to look “under the hood.” Odds are you will be pleasantly surprised at what you will find!
temple beth el is so excited to announce our upcoming endeavor Temple Beth El’s Torah Project Together, with a scribe, we will write a new scroll to honor our synagogue. Join us on our congregation-wide educational and spiritual journey, from the first letter of the Torah to the last, as we create a priceless gift for ourselves and future generations. The Torah Project will kick off in January 2011. Starting this fall there will be plenty of opportunities for you to get involved in the committees that will support this project. Too curious to wait? Contact project co-Chairs Tracey Grossman at tracey.grossman@yahoo.com or Aline Fisher at aline@bellsouth.net. TIKKUN L’EIL SHaVUOT a celebration of learning in honor of the festival of shavuot tuesday, may 18 – 7:30 pm judaism in the 21st century – What does the future of judaism look like? With advancements in technology and changes in our culture, Judaism today is undergoing changes as profound as when Judaism was transformed when the temple was destroyed. come participate in an evening of discussions and study as we understand what Sinai will mean for tomorrow’s Jewish people. For more information and rSVp to Joanne Kabel 561/314-2656 or jkabel@tbeboca.org Hanging on our sanctuary wall, the first ten letters of the Hebrew alphabet are often used to symbolize the ten commandments. phil rosenbloom, rabbi Singer’s nephew, carved them. May/June 2010 • T H E C H R O N I C L E 5
Page 1 and 2: temple beth el of boca raton may/ju
Page 3: confirmation sunday, may 16 at 1:00
Page 7 and 8: 5771 is only a Few clicks away high
Page 9 and 10: 88Maimonides Institute for Jewish L
Page 11 and 12: B’nai mitzvah Lena Licht Harrison
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Page 15 and 16: Judaica Shop Gets Makeover If you h
Page 17 and 18: June 2010 All events are held at TB
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Page 21 and 22: IN MEMORY OF AMY S. KLEIN SHAPIRO M
Page 23 and 24: Benjamin H. Chodash, by adele C. Ma
Page 25 and 26: HELEN & MERRIL BANK LIBRARY FUND Li
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