National Life Insurance Day
Ensuring a family's financial security with reliable life insurance coverage, offering peace of mind during uncertain times.
Position May as the month to review and upgrade life insurance coverage, targeting busy professionals and parents who've delayed this critical financial decision.
- Life Insurance Checklist: Is Your Coverage Still Enough?
- From Ancient Rome to Today: Why Life Insurance Matters More Than Ever
- Young & Insurable: Lock in Lower Rates Before It's Too Late
- Policy Review Season: 5 Life Changes That Mean You Need More Coverage
It might be difficult to believe, but some early forms of life insurance have been around since the days of Ancient Rome. In more modern days, the earliest known life insurance policy was made in 1583 by the Royal Exchange in London, England. But even for years after this, most people had to absorb the financial burden if a loved one passed on.
In the early 1700s, support for widows became more common through organized funding, and the concept of life insurance evolved even more. Since then, life insurance developed and the field more regulated, including actuaries, mutual insurance, organizations and much more.
National Life Insurance Day was first celebrated in 2014 when it was founded by Liran Hirschkorn, an independent insurance agent. The event takes place on this date because it is the anniversary of when life insurance was first available in the colonies of the US. This happened in the 1760s – even before the United States had officially become independent.
A few other Days of the Year that are observed along this same topic of insurance include National Insurance Awareness Day on June 28, Insurance Nerd Day on July 18 or Car Insurance Day on February 1.
Buy Life Insurance
For many people, buying life insurance is a task at the bottom of a list that can be saved for another day. But honestly, buying life insurance is a vitally important thing that a person can do to honor and care for the people in their lives. And the younger a person is when they buy their policy, the more affordable the payments may be. In honor of National Life Insurance Day, consider setting up a meeting with an insurance broker or salesperson to get more informed about what the needs might be to make sure the family and loved ones are protected if something unexpected happens.
Review Existing Life Insurance Policies
Those who made decisions about life insurance policies many years ago might take National Life Insurance Day as a time to review their policies. As situations change, economies fluctuate, children grow and older family members age, it is important to keep abreast of whether each person’s life insurance policy is up to date and effective for the times.