AWARENESS MONTH: 7 FACTS THAT YOU NEED TO KNOW

The majority of my career has been spent selling Life Insurance, which I believe is an essential component of any good financial plan. This month has a special significance for me because I have spent the majority of my career selling life insurance. Because I didn't have life insurance, the news of my parents' deaths hit me a little too hard. Life insurance was not something my parents believed in and lacked.

To give you some background, Life Insurance Awareness Month was started in 2006 by Life Happens, a non-profit organization that helps people take personal responsibility for their finances when they buy life insurance and other products related to it.

LIAM is a nationwide, industry-wide campaign to promote life insurance every February. Americans receive assistance from LIAM in understanding the significance of life insurance and selecting the appropriate policy.

Life insurance is a necessity if we're being honest, but it's also a little bit scary. In honor of Life Insurance Awareness Month, here are seven things you need to know about life insurance. The month of February is the best time to learn more and get ready for Life Insurance Awareness Month.

Life Insurance Awareness Month: 7 Things to Know

The Benefits of Life Insurance Go Beyond

The stigma associated with life insurance is something I am familiar with. So why bother when it won't matter? is the typical response.

Let's begin by discussing the major issue: Life insurance is not a topic that interests anyone. No one enjoys talking about life insurance because it is not a sexual topic. Also, talking about life insurance involves talking about what will happen if you die. Exactly for this reason, I would like to remind you that Health Insurance is not right for you; rather, it is meant for those who will lose you.

42% of Americans would have to wait six months to experience financial hardship if they lost a primary wage earner, according to the 2021 Insurance Barometer study. One in four Americans will have financial difficulties within the next month. Life insurance is the simplest way to avoid this financial difficulty. Nevertheless, life insurance may be required or beneficial for 102 million Americans.

31% of Americans said they would increase their life insurance coverage in 2021 in response to the global COVID-19 pandemic. The results show that 42% of those who passed the COVID-19 test say they will buy life insurance this year. Males, millennials, and African Americans are even more likely to purchase Life Insurance Policy as a result of COVID-19.

The purpose of life insurance is to safeguard your heirs' financial future. It gives them the money they need to cover any immediate expenses and ensure their future. It also enables you to continue supporting your family if you so choose. Again, if you do not want your closest friends and family to continue supporting you, that is your choice. However, in the event of an emergency, life insurance can mean the difference between having a mortgage or having to pay rent and having to leave one's home.

We must all deal with it, despite the unpleasant thought. Because of this, we have life insurance awareness month to encourage people to discuss these difficult topics rather than ignore them.

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