LIFE INSURANCE POLICY

Since the sudden passing of the shliach in Hamilton, Ontario, Rabbi Zalman Itkin, Gemach chairman Shmuel Gniwisch has put a priority on researching economical options for shluchim without life insurance.

On January 1, 2008, after a year of development, The Shluchim Office through Key Benefits Insurance Agency, Inc. (KBIA) has come up with a life insurance policy tailored for every shliach worldwide.  We currently have over five hundred shluchim insured throughout ten states, and several international groups in the process of enrollment.  The program is available for all shluchim who are currently working.

The base program consists of $250,000 of life insurance on each shliach for $37.50/mo.  There are no age, medical or health questions for this insurance.  Every shliach is guaranteed to be accepted so long as they are currently working full-time.

The Shluchim Gemach has more subsidized places available!  Any regional shliach who is willing to cover one-third of the premiums for his region’s shluchim should contact us immediately.  If your state is eligible for the subsidy, this reduces the cost each shliach will pay to $12.50 per month for the first two years.

Extra benefits included in this program are:

“Accidental Death” – this doubles the death benefit if you are chas v’sholom killed in an accident.

“Dismemberment” – with the loss, chas v’sholom, of one or more major limbs, an additional amount (50% or more of the benefit, depending on the limb(s) lost) becomes payable.

“Waiver of Premium” – if you become disabled and are unable to work, payment of premiums can be waived.

There are also three additional riders available: *

1. The family rider, for $4.00 per month, which adds life insurance of $25,000 on the shlucha and $10,000 for each child (regardless of number).
2. The shliach has the opportunity to add up to an additional $500,000 of life insurance on himself, over and above the $250,000 base policy.  The cost is based on his age.  However, there are no medical questions for the first $100,000 of additional insurance, and only basic medical questions for higher amounts.
3. The shliach has the opportunity to add $500,000 of life insurance on his Shlucha (separately or in addition to the family rider above).  The cost of her insurance is based on her age.  Like the Shliach’s additional insurance, there are no medical questions on the first $50,000 and only basic medical questions for higher amounts.

* Note: These options are not subsidized.  Any requests for additional life insurance will be handled on an individual basis.

Premiums are payable in American Dollars.

This is a wonderful opportunity for the shluchim.  With the number of Chabad Houses established all over the world, we have tremendous buying power if we unite.  This is our long-term vision – to be able to offer any form of comprehensive insurance to the shluchim at the best rates.

Enrollment in this program is very easy and user friendly.  If you have any questions or would like to enroll, please don’t hesitate to contact us.

Contact details:
The Shluchim Office
Adam Brooker
E-mail:  abrooker@shluchim.org
(718) 221-0500 x3043

Key Benefits Insurance Agency, Inc. (KBIA)
Brigid McDougall, General Manager, Office Ext. 101, Cell 248-231-9209
Chuck/Chaim Keys, President, Office Ext. 109, Cell 248-231-5205
Email:  chabadatkbia@kbia-inc.com
Office:  248-440-6640
Fax:  248-440-6650