September is Life Insurance Awareness Month, making it the perfect time to take a closer look at your coverage. Life insurance provides financial security for your loved ones, your business, and your legacy. Yet many people either don’t have a policy or don’t have enough coverage.
Why Life Insurance Matters
- Protects your family’s financial future if you are no longer there to provide
- Covers debts such as a mortgage, car loan, or business expenses
- Replaces lost income to help your loved ones maintain their lifestyle
- Provides funds for education, retirement, or other long-term needs
Key Facts to Know
- 102 million Americans say they need life insurance
- 22% of policyholders feel they don’t have enough coverage
- Only 46% of women currently own life insurance
Common Mistakes to Avoid
- Relying only on employer-provided coverage, which may not be enough
- Delaying purchase, which can make policies more expensive as you age
- Forgetting to update beneficiaries after major life events
- Overlooking the role life insurance can play in protecting your business
Take Action This Month
Life Insurance Awareness Month is a reminder to review your current policy, explore your options, and ensure your coverage fits your needs. Whether you’re protecting your family, your home, or your business, the right policy gives you peace of mind.
Contact Professional Insurance Programs at 800-637-4676 or info@profinsprog.com to review your life insurance needs today.
Sources: 2023 Insurance Barometer Study, LIMRA and Life Happens.