Hi,
One who has enough money for either a large personal life insurance policy for his family's benefit or a small retirement fund, should choose the former. This assumes that the life insurance policy does not carry great restrictions which reduce the likelihood that it would be paid.
(Rav Moshe Feinstein, Igrot Moshe Orach Chaim 4:48)
Have a great day,
Mordechai
Showing posts with label Business: Insurance. Show all posts
Showing posts with label Business: Insurance. Show all posts
Saturday, May 19, 2012
Monday, October 31, 2011
Is insurance permitted?
Hi,
Purchasing insurance is considered part of normal commerce and investment, and is not considered a sign of deficient faith. Just as we are instructed to engage in business in order to survive economically, so we may purchase insurance - life insurance, disability insurance, and so on.
(Rav Moshe Feinstein, Igrot Moshe Orach Chaim 2:111)
Have a great day,
Mordechai
Purchasing insurance is considered part of normal commerce and investment, and is not considered a sign of deficient faith. Just as we are instructed to engage in business in order to survive economically, so we may purchase insurance - life insurance, disability insurance, and so on.
(Rav Moshe Feinstein, Igrot Moshe Orach Chaim 2:111)
Have a great day,
Mordechai
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