The Gift of Life Insurance

The Gift of Life Insurance

The holidays are here and tis’ the season for gift giving. Many people think of gift giving as exchanging cookies, baked goods, toys or clothing.

What about the gift of life insurance? To some, it may sound confusing and to others it makes perfect sense.

Truth is, giving the gift of a life insurance policy does make perfect sense. When you give the gift of life insurance, you’re giving the gift of financial stability for the future.

If you’re tgingerbreadhinking about giving the gift of life insurance to someone you know this holiday season, here are some important factors to consider when making your decision:

Think about who you are buying for. Giving life insurance to children or grandchildren is ideal. When an individual is in good health, life insurance will cost considerably less. Therefore, making it an affordable gift.

Select the right type of life insurance. Policies that include a cash value feature, such as whole life or universal life gives the most flexibility for the future, and the opportunity to establish a foundation.

Purchase an appropriate amount of coverage. Depending on your recipient, it is important to calculate how much that person will need in life insurance. For younger children a policy with a smaller cash value is sufficient. However, if you are purchasing for someone older, consider the following:
Funeral expenses
Medical expenses, in the event the recipient faces an illness or accident.
Income protection
Retirement investment availability

Know when life insurance doesn’t make sense as a gift. If the person you are considering purchasing a policy for is sick, elder, or uses tobacco, it could increase the price of the policy. In this situation, you can use your best judgment to choose if the money is better spent elsewhere.
For more information on life insurance or if you are interested in giving the gift of life insurance this holiday season, please give our office a call at (516) 249-5200 or visit our website at

We wish you a very happy holiday season from the management and staff at C.H. Edwards, Inc.

Written by: Denise Visco

Tri County, IPALI, C.P.C.U. Holiday Casino Royale-December 10, 2014

Tri County, IPALI, C.P.C.U. Holiday Casino Royale-December 10, 2014

Itri countyt was a night full of fun, holiday cheer, networking and games. Last night at Chateau Briand in Carle Place, TriCounty, IPALI & CPCU- LI held their Holiday Party. The night kicked off with welcome speeches by the Presidents from each association. After the speeches, a fabulous buffet dinner was served. After dinner, it was off to gambling. Unlike Vegas, each player was given $500 in “funny money” to gamble with. There were a variety of games from slot machines to card games and several fun prizes to choose from. This casino style event was not only about the networking and the games, but also about giving back to families in need. The event featured the charity Toys For Tots and was able to collect a tremendous amount of toys for the less fortunate which was collected by the three Marines in attendance.

As the night came to an end, the guests were treated to a wonderful buffet of deserts. Each guest was able to enjoy unlimited ice cream, chocolate fondue and cookies. Lou the photographer, captured every moment of the event, selected some of the guests to read holiday tongue twisters as he taped the goofy moments. The video is coming soon to the TriCounty YouTube channel.
The event was an absolute success and we owe it all to our President of C.H. Edwards, Inc., Steven Visco for taking the time and many months of planning for the event. We can’t wait to see what he has planned for next year!

Written by:
Sandra Costanzo
Amanda Haase