Life Insurance Awareness Month

Premature Death Causes Economic Disruptions

• Loss of a major source of income

• Loss of benefits such as medical and disability insurance

• Loss of potential future earnings, savings towards retirement, and savings for the children’s education.

Source: The Financial Impact of Premature Death, LIMRA International, 2003

Consider the Statistics

• Two-thirds of surviving spouses report the lack of life insurance had a devastating impact on their families’ financial security.

• Often times, individuals stop working prior to their death from a long-term illness. This means loss of wages and benefits for the individual and family.

• After five years, 42% of surviving spouses consider their financial situation worse than before the death of their loved one.

Source: The Financial Impact of Premature Death, LIMRA International, 2003

Thinking About Life Insurance

• Rising medical premiums?

• Planning for retirement?

• Saving for college?

• Daily living expenses?

The Power of Life Insurance

Eases the financial impact of death by giving the household more financial resources to draw upon.

Add it up

Financial experts recommend life insurance benefits ranging from seven to 10 times your annual salary.

How Much Life Insurance do you Need?

• Final expenses and cash needs

• Long-term financial obligations

• Living expenses

• Current financial resources

Principal National Life Insurance Company and Principal Life Insurance Company, Des Moines, IA 50392

Insurance products from the Principal Financial Group (The Principal) are issued by Principal National Life Insurance Company (except in New York) and Principal Life Insurance Company, Des Moines, IA 50392

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Thank You!

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