NEW YORK (Jun. 23)
The establishment of a new life insurance plan that could result in endowments aggregating $250,000,000 in the next five years, with the Reform movement as the beneficiary, was announced here today by Dr. Maurice N, Eisendrath, president of the Union of American Hebrew Congregations.
Under the “mass media philanthropic life insurance program,” each of the congregants in 660 Reform synagogues in the country will be able to sign up for insurance, if he or she is under 60, without medical examination, making the Reform movement the beneficiary. Upon the death of the person, the person’s own congregation would receive half of the value of the individual’s policy. The rest would be divided between the UAHC and the Hebrew Union College-Jewish Institute of Religion.
“Such future income,” said Dr. Eisendrath, “would afford the Jewish movement and its congregations the possibility of embarking upon far-reaching programs to assure the future of Jewish life in the Americas.”