September is National Life Insurance Awareness Month. Here are 3 important facts to know from LIMRA, the Life Insurance Marketing and Research Association:
86% of people who do not own life insurance do not purchase because they think it is too expensive, yet they overestimate the true cost by 2 times!
33% of people say they do not have enough life insurance.
85% say most people need life insurance yet only 62% of people have it.
A gentleman named Jack Leterman wrote the following as part on the 1929 National Life Insurance Awareness Month:
“A life insurance policy is just a time-yellowed piece of paper, with columns of figures and legal phrases, until it is baptized with a widow’s tears. Then it becomes a modern miracle, a sort of Aladdin’s Lamp. It is food, clothing, shelter, education, peace of mind. It is the sincerest love letter ever written. It quiets the crying of a hungry baby at night. It eases the heart of a bereaved widow. It is the comforting whisper in the dark silent hours of the night. It is new hope, fresh courage and strength for the widow to pick up the broken threads of life and carry on. It is an education for the sons and daughters (a chance for a career, instead of the need for a job). It is a father’s parental blessing to his children on their wedding day. It is the function of a father’s hopes and dreams for his family’s future. Through life insurance he lives on. There is no death. Life insurance exalts life and defeats death. It is the premium we pay for the privilege of living after death.”
