NATIONAL LIFE INSURANCE DAY – May 2 | National Day Calendar
National Life Insurance Day is on May 2nd and marks the anniversary of the first day that life insurance became available in the U.S. The observance also brings awareness of the benefits of life insurance.
#LIFEINSURANCEDAY
Life Insurance has a long, interesting history. Starting in 1760, when the sale of life insurance in the U.S. began. The Presbyterian Synods in Philadelphia and New York City created the Corporation for Relief of Poor and Distressed Widows and Children of Presbyterian Ministers in 1759.
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On May 2, 1759, the charter recorded for the Corporation for Relief of Poor and Distressed Widows and Children of Presbyterian Ministers. Episcopalian priests created a comparable relief fund in 1769. Between 1787 and 1837, more than two dozen life insurance companies were started, but fewer than half a dozen survived.
Life insurance can do some pretty amazing things for people. It can buy loved one time to grieve. It can also pay off debts and loans, providing surviving family members with the chance to move on with a clean slate. Life insurance allows families to remain in their homes and pre-fund a child’s college education. When families own a business, life insurance will enable them to keep the business in the event of an untimely death. It also provides a stream of income for a family to live on for a period of time.
CELEBRATION LIFE INSURANCE
- Learn more about the different types of life insurance policies available today.
- Educate yourself and your family to determine your needs.
- Review your life insurance policy to make any adjustments because of age or other situation.
- Share life insurance policy information with a responsible family member.
- Use #LifeInsuranceDay to on social media.
NATIONAL LIFE INSURANCE DAY HISTORY
In 2014, Liran Hirschkorn, an Independent Insurance Agent at Best Life Quote, submitted National Life Insurance Day to commemorate the anniversary of life insurance becoming available in the United States. The Registrar at National Day Calendar proclaimed the day to be observed each year on on May 2…………..
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It’s a day to raise awareness about the importance of life insurance and how it can help protect our loved ones financially. Life insurance provides a safety net for our families in case something unexpected happens to us. It’s all about taking care of the people we care about most.