Life Insurance Awareness MonthSubmitted by FSB Premier Wealth Management on September 8th, 2015
More than 40% of Americans have no life insurance, according to the 2015 Insurance Barometer Study by Life Happens and LIMRA.
That’s why each September Life Happens coordinates Life Insurance Awareness Month. This industry-wide campaign is aimed at educating Americans about the importance of life insurance and helping them get the coverage they need.
If someone will suffer financially when you die, chances are you need life insurance because it provides cash to your family after your death.
This cash, known as the death benefit, replaces your income and can help your family meet many important financial needs like funeral costs, daily living expenses and college funding. What’s more, there is no federal income tax on life insurance benefits.