Category Archives: Life Insurance Awareness Month
There’s no doubt about it, young adults are staying single longer and often have more debt and other financial obligations than their parents did at their age. If you’re in your 20s or 30s and unattached, it’s important to consider life insurance as part of your financial strategy.
September is Life Insurance Awareness Month, the perfect time to consider how singles can benefit from purchasing life insurance. Once considered something that only married people with dependents need, young single people are gaining a deeper appreciation for how life insurance can provide critical financial support to their loved ones and even help them leave a legacy in the event of their untimely passing.
Life Insurance 101: With So Many Different Life Insurance Policies Available, Which One is Right for You?
Are you one of the estimated 95 million Americans without life insurance or sufficient life insurance coverage? If so, it’s time to consider why:
- If thinking about life insurance reminds you of your mortality, consider the important silver lining that life insurance provides: financial security for your loved ones in the event of your passing.
- If you think that life insurance premiums won’t fit into your budget—you may be surprised. Life insurance is generally quite affordable, especially if you are healthy.
- If you’re not sure that life insurance is necessary for your specific situation, think about how the loss of your financial support may affect your family—regardless of whether you have traditional dependents.
With so many different types of life insurance policies available, it’s easy to find one that fits your specific situation. The following life-stage guidelines from LIMRA (Life Insurance Management Research Association) can help you determine how life insurance can benefit you. If you already have life insurance, use this information to determine if your existing coverage needs to be updated.
September is here, bringing with it the hectic first days of school and, for many of us, a return to a more structured routine. This time of year also marks Life Insurance Awareness Month—a reminder to consider whether your family is adequately protected should an unforeseen tragedy occur.
No one likes to think about their own mortality, but if you have financial dependents, you need to make sure they’ll be taken care of should you pass away unexpectedly. The best way to protect your family’s financial security is to obtain a life insurance policy. By doing so, you and your loved ones will have peace of mind knowing that proceeds from your policy can be used to: