September is Life Insurance Awareness Month! During the month of September, a variety of organizations go above and beyond to inform Americans of the importance of having life insurance protection. Sadly, the majority of Americans fail to obtain life insurance, leaving themselves and their families vulnerable. The LIMRA industry research group found that nearly 95 million adults to not have life insurance in America. Without a life insurance policy, you leave your loved ones at financial risk after your passing.
Life Insurance Awareness Month is a movement to educate individuals of the importance of having life insurance. Life insurance acts as a safeguard for your family, and allows them to continue their current lifestyle.
While many Americans claim that they are unable to obtain life insurance protection due to their financial status, there are alternative options available to you that are not as costly. Many individuals fail to realize that there are multiple types of life insurance policies.
For those who refrain from obtaining life insurance because it is expensive, you may want to look into purchasing a term life insurance policy. A term life insurance policy will provide your loved ones with financial security for a set period of time. Whether you choose to have your life insurance policy last 5, 10, or 20 years, you can protect your family in a less expensive way. A whole life insurance policy, also known as a permanent life insurance policy, will provide your family with protection for the rest of your lifetime and will accumulate cash value throughout the years.
Life insurance can be a daunting and complex subject but it can also be a lifesaver, allowing your family to grieve peacefully and move on respectfully after you pass.
We recognize September as Life Insurance Awareness Month! Contact Perry & Carroll for all of your Elmira, New York life insurance needs. We can help provide your family with a level of guaranteed security you all deserve.