Personal Finance

September Is Life Insurance Awareness Month

Would your loved ones be financially protected if something were to happen to you? Research shows that four out of every 10 households in the U.S. have no life insurance protection at all. Thirty percent of U.S. households concede that they need more life insurance.*

Since September is Life Insurance Awareness Month, now would be a good time to take a closer look at how life insurance can protect you and your family.

A Financial Lifeline 

Life insurance benefits can become an important financial lifeline during an already difficult time of loss. Too few people fully understand the type of security and protection that life insurance provides to families, single people and empty nesters. Life insurance benefits can help to: 
  • Replace lost income so your spouse can make mortgage or rent payments and pay for household expenses, such as utilities, groceries and clothes 
  • Pay medical and child care bills and other child-related expenses 
  • Fund your children’s college tuition 
  • Leave a financial legacy to loved ones 
  • Provide financial support for older parents or a special needs child 
  • Cover your medical expenses and funeral costs 
  • Pay down any debt you may have 
  • Support a favorite charity

It Doesn’t Have To Be Expensive 

Life insurance can be a cost-effective purchase. You can receive a lot of coverage for relatively modest, regular payments. Premiums for a term life policy are based on your age, medical history and lifestyle factors. Permanent life insurance provides coverage that lasts a lifetime. It’s often the best option for consumers who are looking for exceptional value.

What Can You Do?

Life insurance can help protect your family from financially hard times. Schedule a visit with your financial professional soon to review your current situation to determine the right kind of policy and amount of coverage for your family.

* LIMRA, 2015

Source: DST

Janney Montgomery Scott LLC, its affiliates, and its employees are not in the business of providing tax, regulatory, accounting, or legal advice. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any taxpayer for the purpose of avoiding tax penalties. Any such taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor.

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