September is National Life Insurance Awareness Month
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September is National Life Insurance Awareness Month, which is a great reminder of this important tool, and the impact that a life insurance policy can have on a family or business after the death of a loved one, key person, or owner.
Could Life Insurance Benefit You?
- 38% of Americans say their household would face financial hardship within six months should a wage-earner unexpectedly pass away. At least 30% would struggle within a month.
- More than a third of those without life insurance say they haven’t purchased it because they are unsure how much they need.
- Over half of Americans overestimate the cost of life insurance by three times its actual price.
- 41% of Americans say they don’t have sufficient life insurance coverage.
- Among life insurance owners, 21% say that they do not have enough coverage.
Life Insurance Awareness Month is a great time to take the next steps to acquire coverage. For those who already have it, this serves as a reminder to review any existing policies to help make sure you are positioned to meet the needs of your family and/or business. Doing so can help achieve peace of mind, along with providing protection for your loved ones and company.
Talk to your Federated marketing representative if you have questions concerning your coverage, or to discuss available options to obtain coverage.
