Take Advantage of National Life Insurance Awareness Month

Federated^®’s tagline is: “It’s Our Business to Protect Yours^®,” and part of that commitment is to help ensure that our clients know about the options available to them in the event of an unexpected loss. 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.^1.2.

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.
 

^{1 2023 Life Insurance Fact Sheet, LIMRA
2 2023 Insurance Barometer Study, LIMRA}

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This article is for general information and risk prevention only and should not be considered another other offer of insurance or legal, financial, tax, or other expert advice. The recommendations herein may help reduce, but are not guaranteed to eliminate, any or all losses. The information herein may be subject to, and is not a substitute for, any laws or regulations that may apply. This information is current as of its publication date and is subject to change. Some of the services referenced herein are provided by third parties wholly independent of Federated. Federated provides access to these services with the understanding that neither Federated nor its employees provide legal or other expert advice. All products and services not available in all states. Qualified counsel should be sought with questions specific to your circumstances. All rights reserved.