Magen is an initiative to bring affordable term life insurance to our community—a simple, responsible way to ensure your family is financially stable in case of tragedy, r”l.
In recent years, we’ve seen too many stories of heartbreak—young parents taken too soon, families left to pick up the pieces. As a community, we’ve stepped up with generosity and heart, raising funds to support the families left behind.
With term life insurance, you can make sure your family is financially protected, ensuring they do not experience the humiliation of crowdfunding campaigns. Magen makes it easy, fast, and accessible to get the coverage they need.
Term life insurance covers you for a set number of years. If the insured passes away during that time, your family gets a lump sum to help them stay financially stable and survive in your absence.
Frequently policies can be converted to whole life coverage. Policies can include living benefits, which allow for a partial payout in the event of a severe or terminal illness—providing support when it’s needed most.
Magen is here to make life insurance simple and the norm in our community. Unlike public charity campaigns, term life insurance provides a quiet, private solution that spares your family the hardship of relying on others.
Apply in minutes
online or over the phone
No medical exams required for 95% of applicants
Fast carriers decisions – Often within 1-3 days
Cost effective solutions considering you budget
Term life insurance is a simple and more cost effective option. It covers you for a set number of years, usually 10, 20, or 30. If the insured passes away during that time, your designated beneficiary receives a lump sum of money to help them stay on their feet. That’s it. Solid protection when it matters most.
Whole life insurance, on the other hand, lasts your entire life and can build cash value over time, but also has higher premiums. Each client has different needs and will work together to identify the right type of policy for your individual situation.
Coverage
10, 20, or 30 years
Cost
Cost effective
Purpose
Income replacement
Cash Value
No cash value – pure protection
Simplicity
Simple, straightforward
Best for
Families looking for maximum coverage at minimal cost
Coverage *
Lifetime coverage
Cost
Higher premiums than term life
Purpose
Combines coverage with cash value accumulation
Cash Value **
Can build cash value over time
Simplicity
More complex – requires planning and monitoring
Best for
Individuals with long-term wealth planning needs
*All whole life insurance policy guarantees are subject to the timely payment of all required premiums and the claims-paying ability of the issuing insurance company. Policy loans and withdrawals affect the guarantees by reducing the policy’s death benefit and cash values.
**Some whole life polices do not have cash values in the first two years of the policy and don’t pay a dividend until
the policy’s third year. Talk to your financial representative and refer to your individual whole life policy illustration for more information.
