Posted by September 2022, the annual U.S.-wide Life Insurance Cares Month—Life Insurance Awareness Month (LIAM for short).
Life Insurance Cares Month 2022 spokesperson Roselyn Sánchez, Puerto Rico.She is a singer, dancer, model, actress, producer and many other roles in one.
American Life Insurance Guide Community(TheLifeTank.com) is a participant and honorary supporter of this national event.During Life Insurance Caring Month, American Life Insurance Guide©️ will promote free educational activities in the community to help policyholders learn and understand life insurance knowledge and how to plan income replacement, wealth inheritance and retirement planning to meet their life insurance needs and achieve family financial goals.
1. The new crown epidemic has caused more people to actively accept life insurance
you are not aloneNew Crown OutbreakWhile worrying about family financial security and income replacement options, survey data*, 67% of Americans said,New Crown OutbreakGet them to start reassessing their household finances.
The benefits of life insurance have become one of the five dominant topics at dinner, with nearly 5% of families discussing this "sensitive" topic openly at home.
#LIAM22 – Video Topics Interview with Roselyn Sánchez
2. "Now" is the best time to apply for life insurance
Although Life Insurance Caring Month is September every year, the best practice to apply for life insurance is "now".
Like earthquake and auto accident insurance, life insurance needs to be purchased in advance—if we don't remember it until we need it, it's too late.
Before the outbreak of the new crown epidemic, one in three households would agree that if the mainstay of the family's income dies or loses the ability to work and earn income, the entire family will be in financial crisis.
Nationally, 46% of households currently do not have any life insurance coverage.Among those with life insurance, many said they didn't have enough coverage.
There is no way to remediate the purchase of life insurance after the fact, and you cannot wait.Therefore, the best time to plant a tree is either 20 years ago or now.
(>>>Related reading:Financial management, retirement income, sickness claims... 5 reasons to choose American life insurance)
3. How to get started?Calculate the amount of life insurance that is right for you
Life insurance benefits are straightforward, tax-free, and have no strings attached.Your family and children can use it to pay for daily living expenses, pay off the mortgage, pay for their children's school fees, or any other expenses.
If we are considering starting a life insurance application, the first step is to calculate the amount of life insurance coverage that is right for us.
Every family's needs are different, but generally the following questions should be considered:
- How much debt do I have?
- How much deposit do I have?
- Who do I want to leave this protected wealth in my hands?
- How many years of income cash flow do I want to leave him/them?
You can use the online US Life Insurance Guide communitySum Insured Calculatortool to calculate roughly how much benefit you will need, pleaseClick here to get started.
(Related Reading:College | How much insurance do I need?How should the sum assured be calculated?）
4. If you are already covered by life insurance, it is best to do a policy review every year
Nearly 43% of policyholders said they found they didn't know how much coverage they needed or felt they didn't have enough coverage.
As life changes, and as we age, our life insurance coverage should change with it.
Please check annually that the beneficiaries of your policy are reasonable.For example, if a person gets divorced and remarried, your ex-wife/husband will end up with the money if you forget to renew the policy beneficiary.If you have experienced an important event in your life, such as getting married, changing jobs, buying a house, or having a child, then we may need to consider life insurance, whether the coverage is sufficient, and whether the beneficiary needs to be increased.
5. LIAM Life Insurance Caring Month is 20 years old, but life insurance is nearly 200 years old
The first LIAM Life Insurance Caring Month, launched in 2004, is a national event.In the past, no one wanted to take the initiative to talk about life insurance, but the importance of life insurance and its supporting role in family finances is too important.This movement is about helping individuals and families eliminate prejudice and stereotypes, and be reasonably aware of the importance of life insurance in helping us maintain healthy family finances and wealth management.
Life Insurance Cares Month has been active for more than 15 years, reaching more than 5 million people, but it is more than 200 years old compared to life insurance itself.
The first life insurance company, originally a solution established by the church to help wives who lost their husbands.After 260 years, the life insurance industry has also continued to develop and improve, making it more suitable for the needs of modern families and businesses.Now we can apply for life insurance online or apply for life insurance without medical examination.
Article summary
As a final reminder, make sure your loved ones and children know that you have life insurance and know how to find the policy document or account.I don't know if there is life insurance at home, this also happens, you can log inState government website inquiry and claimClaims that belong to you.
The Life Insurance Caring Month event is only held once a year, but the activities focusing on family financial security cannot stop at any time.Visit the U.S. Life Insurance Guide Community's "Life Insurance Academy”, can help you fully understand how to use insurance to protect your wealth and family. (End of full text)
(>>>Recommended reading:2018 American Life Insurance Care Month Review : Popularize with the public"Benefits before death"Education）
(>>>Recommended reading:2019 Caring Month Review: The post-80s are the most pragmatic, and the post-70s are the most worried )
(>>>Recommended reading:Caring Month 2020 Review: Looking Around Reality ）
(>>>Recommended reading:2021 Care Month Review: Post-80s and post-90s become the main force in insurance ）
*Life Happens' “Tough Talks During COVID-19” Survey
