Page 6 - Jupiter West - May '24

Page 6, Jupiter West
Financial Focus ®

Term Vs. Perm: Which Is • Cost – Term insurance is generally affordable for most • Future insurability – If you have health issues, it could
become difficult to get permanent insurance after you’ve
people, which is why it may be particularly suitable for
Right For You? parents and young adults who may be at the beginning of their reached the end of a term insurance policy. (Some term
careers. Permanent insurance is typically more expensive, insurance policies do offer the opportunity to convert to
By Sally Sima Stahl largely because it is meant to last for one’s lifetime and some permanent coverage, usually without the need for a medical
If you’ve been thinking of the premiums go toward building cash value in the policy exam.) You could avoid this potential problem by purchasing
about life insurance, and paying for other features. Generally, the younger and permanent insurance when you are still young and healthy.
especially if you have family, healthier you are when you purchase permanent insurance, Ultimately, you will need to weigh the various factors
loved ones, or anyone who the lower your rates will be. involved in the permanent-versus-term decision. You also
depends on you financially, • Length of time insurance is needed – If you think you might benefit from consulting a financial professional, who
you might be curious about will only need life insurance for a certain period — perhaps can evaluate which type of insurance is most appropriate for
the different kinds of policies until your children are grown — you might lean toward term your situation. But whether it’s term or permanent, make sure
available. Which type is right insurance. If you feel the need for life insurance for other you have the coverage you need to protect yourself and your
for you? goals throughout your lifetime, for whatever reason — you loved ones.
Essentially, you can look might have a special needs child, or perhaps you want to use This article was written by Edward Jones for use by
at two main categories of life your policy to help pay for retirement, or you wish to include your local Edward Jones Financial Advisor, Edward Jones,
insurance: term and permanent. the policy as part of your legacy and estate plans — you may Member SIPC.
Term insurance is a pay-as-you-go option that covers a want to consider some type of permanent insurance. Edward Jones is a licensed insurance producer in all states
specific amount of time, usually 20 years or fewer. Term • Investment preferences – You may have heard the and Washington, D.C., through Edward D. Jones & Co., L.P.,
insurance benefits are paid to your beneficiaries free of federal phrase “buy term and invest the difference.” Essentially, this and in California, New Mexico and Massachusetts through
income taxes if you pass away during the coverage period, just means that an investor could purchase low-cost term Edward Jones Insurance Agency of California, L.L.C.;
but there’s no opportunity to build cash value. insurance, and then invest the money that was saved by not Edward Jones Insurance Agency of New Mexico, L.L.C.; and
Permanent insurance, such as whole life or universal life, getting permanent insurance. This can be a valuable strategy Edward Jones Insurance Agency of Massachusetts, L.L.C.
offers coverage for as long as you pay the premiums and, in in some situations, but people often don’t actually invest Edward Jones, its employees and financial advisors cannot
addition to providing a tax-free death benefit, also offers a the difference. A permanent insurance policy, through the provide tax advice. You should consult your qualified tax
chance to build equity, or cash value, on a tax-deferred basis. payment of premiums, may result in a steady buildup of cash advisor regarding your situation.
When determining which type of insurance is appropriate value or continued contributions to the policy’s investment Contact us at (561) 748-7600, Sally Sima Stahl, AAMS,
for your needs, you’ll want to consider these factors: components. For many people, this discipline is helpful. 1851 W. Indiantown Road, Ste. 106, Jupiter, FL 33458.
Marcello Family’s Generous Donation Of Over $1 Million

Fuels Cardinal Newman High School Renovation

The North Academic Building “Catholic education altered the course of my life. After Catholic college preparatory education accessible to all. As

Is Named The Rocco A. facing setbacks in the public school system, I flourished the school and the Diocese of Palm Beach envision further
upon enrolling in a Catholic school. The dedication of the
enhancements, including additional renovations and new
Marcello Family Academic teachers propelled me to excel, and I ultimately graduated buildings, the Marcello family’s philanthropic gesture sets
at the top of my class,” said Rocco Marcello. “Our
a precedent for fostering excellence and Catholic education
Building grandson Rocco’s decision to remain within the Catholic within the community.
education system, despite other options, speaks volumes. As Cardinal Newman continues its fundraising efforts
A transformative moment unfolded during the Newman Just as I benefited from this nurturing environment, we are through the Shaping the Future appeal, the school reaffirms
Night 2024 gala at the Kravis Center on March 9 as committed to ensuring future generations have access to its commitment to operational excellence and delivering
Cardinal Newman High School proudly announced the the same transformative experience.” exceptional education to its students. For further information
naming of its forthcoming academic building as the Rocco The Rocco A. Marcello Family Academic Building and updates on the Shaping the Future Capital Campaign,
A. Marcello Family Academic Building. This unveiling signifies the initial phase of Cardinal Newman High please visit cardinalnewman.com/shapingthefuture or contact
comes in light of the Marcello family’s extraordinary School’s ambitious undertaking to establish a world-class Mary.Martens@cardinalnewman.com, (561) 619-7280.
donation exceeding $1 million, which will play a pivotal
role in completing the school’s renovation project.

747-PALM

747-7256
Ed Curtin, Chuck Stembler, Jennifer Marcello, Rocco
Marcello, Emanuela Marcello, John Clarke

“Cardinal Newman High School is immensely grateful
for the generous contribution of the Marcello family,”
expressed Interim President John Clarke. “We are thrilled
and deeply appreciative of their generosity, which will Peripheral
undoubtedly leave a lasting legacy benefiting generations
of students to come.” Neuropathy?
Scheduled to welcome students for the beginning of
the 2024/25 academic year, the Rocco A. Marcello Family
Academic Building represents a milestone in the school’s FREE Consultation
63-year legacy. With a focus on innovation and student-
centered spaces, the endeavor will create a dynamic
environment that fosters creativity, collaboration and for Acupuncture
academic achievement. The renovation includes a new
chapel and campus ministry center, a welcome center
with offices for admissions, college advising and student
services, state-of-the-art science facilities and laboratories,
an innovation center and classrooms for mathematics.
The Marcello family, prominent residents of Palm
Beach and Canada, owns the iconic Cafe L’Europe in 561-745-1002
Palm Beach. Notably, Rocco A. Marcello, founder,
chairman and CEO of Toronto-based asset management 654 West Indiantown
firm Windsor Private Capital, along with his son Mark THE PATIENT AND ANY OTHER PERSON RESPONSIBLE FOR PAYMENT HAS THE RIGHT TO Road, Jupiter, FL 33458
REFUSE TO PAY, CANCEL PAYMENT OR BE REIMBURSED FOR PAYMENT FOR ANY OTHER
Marcello, a partner at Windsor Private Capital, and SERVICE, EXAMINATION OR TREATMENT WHICH IS PERFORMED AS A RESULT OF AND
WITHIN 72 HOURS OF RESPONDING TO THE ADVERTISEMENT FOR THE FREE, DISCOUNTED
their family, have demonstrated unwavering support for OR REDUCED FEE SERVICES, EXAMINATION OR TREATMENT. www.drlaruffa.com
Catholic education.