Orland Park, Illinois (PRWEB) August 30, 2012
September is National Life Insurance Awareness Month. Headquartered in Bedford Park, United Security Life and Health Insurance Company (USL&H) details the importance of having an adequate amount of life insurance and the benefits it provides. According to the industry research group LIMRA, 30% of U.S. households have no life insurance. This same study noted that 22% of families with dependent children admit that they would have immediate trouble with everyday living expenses in the event of an unexpected loss of their spouse.
“Life insurance is a valuable resource that most Americans feel they do not need until they are faced with a catastrophic situation. The fact is that many U.S. families are not prepared for an untimely death of a spouse or financial supporter,” began Sandy Horn, President, USL&H. “Since its inception, insurance has been about transferring risk, thereby avoiding the anxiety of potential loss. Wouldn’t you rather leave money behind than debt? Life insurance helps to safeguard that the insured’s family will be safe from the effects of losing the sole provider’s contribution to the household income. It is your last opportunity to give to those you care about. People purchase life insurance for one main reason, because they love someone and want to protect them from further loss.”
Horn outlined determining factors that should be analyzed when establishing the need and amount of life insurance that would be required in order to ensure that adequate financial protection is in place.
In addition to helping to pay for daily living expenses, life insurance will help to cover funeral expenses which can mount upwards of $10,000. Some life insurance plans affords other benefits such as cash value, which can be used to pay for college tuition or other expenses. The cash value is the amount the policy is worth if it is cancelled or “surrendered” while the owner is still alive. The cash value won't be as much as the death benefit — the amount the policy would payout if the insured becomes deceased. But the cash value can grow large enough to make life insurance a useful tool for investing.
USL&H Offers The Following Life Insurance Products:
United Security Life and Health Insurance Company:
USL&H is a regional insurance carrier that offers Disability Income, Critical Illness, Cancer, Accident Hospital Indemnity, Dental plus Vision and Hearing, and Health and Life Insurance Products to individuals and families. Founded in 1973, USL&H is licensed to sell its products in Arizona, Arkansas, Illinois, Indiana, Missouri and Nebraska through a network of independent insurance agents. For more information visit http://www.uslandh.com.