September is always a very busy month with school back in session, football season and the beginning of many activities. It is also Life Insurance Awareness Month. It is a great time to review your current life situation and make sure that your coverages and beneficiaries are up to date.
There are many myths that young families have about life insurance.
The first is that only the primary breadwinner needs life insurance coverage. What happens when something happens to the stay at home dad or mom? In many cases they are worth as much as the breadwinner because they take care of the children, prepare meals and get them to activities. It can be very costly to have to pay someone to take over all of those responsibilities.
Another myth is that you are fine with the coverage you have through work. What happens if you change jobs and your new job doesn't offer coverage? You might retire and lose coverage or leave your job and are uninsurable. It is always a good idea to have a policy on your own that you control.
A great website full of information that can assist you in making decisions is lifehappens.org. Our office also has seven life licensed associates who can help guide you and offer you a quote on of our many products.