September is National Life Insurance Awareness Month

If you weren’t already aware, September is National Life Insurance Awareness month. It is suggested that people periodically take the time to evaluate their situation and see if they are properly insured.

Did you know that only 41 percent of adult Americans have individual life insurance? Many rely on insurance provided by their employers, leaving them without coverage if they were to lose their job or change jobs.

When a premature death occurs, insufficient life insurance coverage on the part of the insured results in 75 percent of surviving family members having to work additional jobs or longer hours, borrow money, withdraw money from savings and investment accounts, or move to smaller, less expensive housing.

One of my colleagues, Lynn Cardarelli of Mutual of Omaha, shared this letter with me. It is called, “I am Life insurance”…Take a few moments to read it and reflect on how this relates to yourself and your family.

I am a Life Insurance Policy

I am a piece of paper, a drop of ink and a few pennies of premium.

I am a promise to pay.

I help people see visions, dream dreams and achieve economic immortality.

I am education for the children.

I am savings.

I am property that increases in value from year to year.

I lend money when you need it most, no questions asked.

I pay off mortgages so that the family can remain together in their own homes.

I ensure people the daring to live and the moral right to die.

I create money where none existed before.

I am the great emancipator from want.

I guarantee the continuity of business.

I am tangible evidence that a man is a good husband and that a woman is a good wife and mother.

I am a declaration of financial independence and economic freedom.

I am the difference between an old man and woman and an elderly gentleman or lady.

I provide cash if illness, injury, old age or death cuts off the breadwinner’s income.

I am the only that you can buy on the installment plan that your family doesn’t have to finish paying for.

I am protected by laws that prevent creditors from assessing the money I give to your loved ones.

I bring dignity, peace of mind and security to your family.

I supply investment capital that makes the wheels turn and the motors hum.

I guarantee the financial ability to have happy holidays and the laughter of children – even though the father or mother is not there.

I am the guardian angel of the home.

I am life insurance.