Page 10 - Jupiter Spotlight - November '21

Page 10, Jupiter Spotlight
Financial Focus

Should You Buy Term costlier permanent insurance policy – to invest in stocks or the proceeds, similar to the tax benefits you get with your IRA
Insurance And Invest The mutual funds, rather than rely on the investments contained and 401(k) accounts.
Even though you should consider the above issues, you
in permanent insurance. But in reality, it’s not that simple.
Difference? Here are a few reasons why “buy term, invest the difference” don’t necessarily have to dismiss the “buy term, invest the
may not always be the best strategy: difference” strategy. Everyone’s situation is different, so you’ll
By Sally Sima Stahl • People don’t consistently invest the difference. want to explore your options carefully. At different times of
If you have children or Although people may have the best intentions when it your life, different insurance and investment solutions may be
other loved ones who depend comes to investing the savings achieved by purchasing term appropriate. But however you choose to do it, you’ll want to
on you financially, you need insurance, life often gets in the way and they find other maintain sufficient life insurance and invest for your long-term
life insurance – no question ways to spend the money. Or they may invest sporadically goals – two actions that can pay off for you and your loved ones.
about it. And you’ll need an or make poor investment decisions. By way of contrast, the This article was written by Edward Jones for use by
amount that can enable your premiums that go into permanent insurance are invested your local Edward Jones Financial Advisor, Edward
family members to continue systematically and managed by professionals. Jones, Member SIPC.
their lifestyle if you aren’t • Term premiums won’t always be cheap. Term insurance is Edward Jones is a licensed insurance producer in all states
around. But there may be quite affordable when you’re young. But when the term expires and Washington, D.C., through Edward D. Jones & Co., L.P.,
less certainty about what after, say, 15 or 20 years, the premiums can become much more and in California, New Mexico and Massachusetts through
type of insurance you should expensive. Consequently, there will likely be much less of a gap Edward Jones Insurance Agency of California, L.L.C.; Edward
purchase: term or permanent. And the issue can cause even more between the costs of term and permanent insurance. Jones Insurance Agency of New Mexico, L.L.C.; and Edward
confusion if you’ve heard the phrase: “Buy term and invest the • Permanent insurance investments can grow tax deferred. Jones Insurance Agency of Massachusetts, L.L.C.
difference.” What does this mean? And is it good advice? If you followed the “buy term, invest the difference” approach, Edward Jones, its employees and financial advisors cannot
First, let’s review the chief differences between term and you purchased stocks or mutual funds, you might incur taxes provide tax advice. You should consult your qualified tax advisor
and permanent insurance. As its name suggests, term on capital gains and dividends. But the investments within a regarding your situation.
insurance lasts for a set period, such as 10 or 20 years, permanent insurance policy are tax deferred, so you won’t pay Contact us at (561) 748-7600, Sally Sima Stahl, AAMS, 1851
while permanent insurance can last your entire life. taxes on interest, dividends or capital gains until you withdraw W. Indiantown Road, Ste. 106, Jupiter, FL 33458.
Term insurance only pays a death benefit – there’s no
opportunity to build cash value. But permanent insurance,
such as universal life, also contains an investment element.
Consequently, permanent insurance premiums are generally
considerably higher than those of term insurance. “Not only do we stand
Given this difference in premiums, you may have heard behind our windows...
we stand on them!”®
that it’s a good move to buy term insurance and use the - Dennis Burdge WINDOWS • ENTRY DOORS • PATIO DOORS
“savings” – that is, the money you would have spent on a INSULATED SIDING • SHUTTERS • TRIM

Lifetime Limited Warranty IMPACT WINDOWS
Town Of Jupiter Guaranteed Low Pricing 15 $ STARTING AT COMPARE
561-291-7718 • WindowWorldOfWestPalmBeach.com
MONTHS
MONTHS
AT
NO INTEREST • 599 $1,000
News 3927 Westgate Ave., West Palm Beach, FL Hurricane Impact Double Hung
PROUDLY SERVING THESE COUNTIES
WITH FREE IN-HOME QUOTES:
Brevard^ • Flagler^ • Indian River^ • Lake^ • Martin^ • Orange^
Osceola^ • Palm Beach • Seminole^ • St. Lucie^ • Volusia^ White Vinyl Insulated Window
By Ilan Kaufer, • Impact Hurricane-rated Windows This Window World® franchise is independently owned and operated by West Palm
• Impact Hurricane-rated Windows
Windows and Doors LLC d/b/a Window World of West Palm Beach under license from
PAY
• WBDR & HVHZ-rated Entry Doors
Jupiter Vice Mayor • WBDR & HVHZ-rated Entry Doors Window World Inc. Fully licensed & insured. License No. CGC1514205 ^Also serving. Previous LOW MONTHLY
sales are excluded and oŽers cannot be combined. 1 No interest if paid in full within 15 months
• Impact Patio Doors
• Impact Patio Doors
Happy November, with regular monthly payments. Bank approval needed. Must qualify. Ask for details. PAYMENTS
I hope everyone had a
fun and safe Halloween.
With Thanksgiving Oxbridge Academy on the Move
coming up now is a
great time to think about
what we are thankful for. What does an acclaimed co-educational, independent newly appointed athletic director Stan Ross, also the
This year particularly school – known for instilling values, building boys’ lacrosse coach. “Oxbridge paused the football
I want to thank all the character, emphasizing diversity, and creating a program in 2018 with some safety concerns with some
wonderful members of curriculum suited for individual choice – do when of the games on the schedule and other reorganization
our community who have kept us safe and healthy during a it reaches its 10-year milestone? In the case of decisions.” Ross adds. “COVID-19 delayed our plans
challenging year. I also want to thank all our local veterans
as we celebrate their bravery and sacrifice on Veterans Oxbridge Academy in West Palm Beach it adds a a little, however we feel we are ready for the return of
Day. Please find below a few recent council updates. middle school for grades seven and eight and brings football as a junior varsity sport next fall and varsity
Town Budget back one of its signature athletic programs, football competition in the years to come.”
The Town Council approved the budget for the 2021/22 along with a return of its cheerleading team. The
fiscal year. The town’s millage (tax rate) will remain level Oxbridge Academy Middle School opened its doors The athletic program also includes baseball,
and there is continued investment in our infrastructure and in August and football is set to return to campus in basketball, cross-country, equestrian, golf, lacrosse,
some new community projects related to playgrounds and the fall of 2022. sailing, soccer, softball, swimming, track & field,
pickleball courts, among other items of interest. There was tennis, girls volleyball, and girls flag football. Over
also discussion concerning police department staffing and “When we began planning for our 10-year anniversary the years, many Oxbridge student-athletes have
I will continue to advocate that we fill all budget positions. and identified ways to build on our strong foundation, received scholarships to play at the next level in
Feel free to write in with any budget-related questions or a middle school and bringing back our football college.
any issue. program were a big part of the conversation,”
Public Comment And Concerns
The council asked the Town attorney to research a explained Oxbridge Head of School Ralph Maurer. Academically, Oxbridge boasts an average class
third-party firm that could look into concerns raised during The school’s 10-year milestone also coincided with size of 14, a 9:1 student/faculty ratio, and a faculty
public comment. Comments were raised concerning issues several other important factors: more families moving of which 77% have advanced degrees, including
between Town management and Town personnel, and it’s into the area and an increasing demand for private 13% with doctorates. Oxbridge is also proud of its
important these be looked at by an independent reviewer. school education. The timing is right, and so is the unique, signature programs: Artificial Intelligence
Bicycle And Pedestrian Safety And Traffic Strategic Plan mission. (AI), Aviation, Cambridge (England) Scholars, and
The Town Council received an update on bicycle and Independent Research. The school’s Model U.N. and
pedestrian safety and an update to the traffic strategic plan “Adding middle school grades means preparing debate teams and its theater students consistently
and listened to resident comments and concerns about students at a younger age to be world citizens receive statewide awards and recognition. The
how to plan for the future. and future leaders who are caring, confident, number of extra-curricular options grows as students
Building Height Standards And Bonus Program compassionate, critical thinkers,” Maurer continues. are encouraged to bring new ideas for clubs. Oxbridge
The council reviewed the building height standards “It gives younger students from all walks of life the also emphasizes community service, which includes
and planned unit development height limits. Proposed
changes to the height standards were sent to the Planning opportunity to benefit from a culture that nurtures tutoring students, clothing and toy drives, and beach
and Zoning Commission and the council is expected to and instills values such as integrity, honesty, respect, clean ups.
review their comments and make a decision on the issue and gratitude. It will help them develop character and
in the next couple months. discover their passions at an earlier age and prepare It’s your turn to discover Oxbridge.
Thank you for keeping up to date on these activities. them for a seamless transition to our high school.”
Please make sure to follow me on social media on For more information about Oxbridge Academy,
Facebook at www.facebook.com/kauferfl and on Twitter “Bringing back our football program adds another e-mail admission@oapb.org or call (561) 972-9826.
@CouncilorKaufer for more frequent updates. If you fantastic athletic program and enhances opportunities
have any comments, questions, or concerns about these for our student body and school spirit,” explains
initiatives or any other Town matters, please email me at
ilank@jupiter.fl.us. Paid Advertisement