Protect Your Family by Shimon Cohen

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Protect Your Family with Basic Life and Supplemental Health Insurance By Shimon Cohen of Egert Cohen Insurance We always bless each other "L’chaim" and "Labriut". The question is, “How can we become partners with the Almighty to protect ourselves and our families?” Today, there are a few relatively inexpensive yet vital steps that everyone should take to achieve this. Step 1: Basic Life Insurance How many appeals have we received for a young person dying suddenly and leaving a spouse and children with very limited income to carry on? Life insurance is extremely affordable today, especially for young couples. Suggestion: One of the most useful gifts that you could give to a young married couple would be a life insurance policy paid up for the first five years or so – after that, it's up to them! The real story # 1: P.J., a 35-year-old young man, came into our office to discuss his pension plan. While going over his policies, we realized that he didn't have any life or disability insurance. We discussed the situation and he filled out the application on the spot. About six months later, he told us that unfortunately he had been diagnosed with cancer—something that was completely unknown when he signed up. Today he is receiving a monthly disability payment and he and his family know that they have a substantial life insurance policy in place. Step 2: Basic Supplementary Health Insurance Israel has a wonderful public health system—among the best and most advanced in the world. However, there are still a number of areas where the coverage is not sufficient; these are the cases that usually cost tens or hundreds of thousands of shekels and are a huge drain on a family's resources. What are these areas? Transplants Israel has only a small amount of organs available for transplants. Having world-wide coverage that the supplementary policy offers is critical. Coverage: * Full coverage in Israel and worldwide with contracted service providers. * With non-contracted service pr