The “Seven Wonders” of Life Insurance

     September is Life Insurance Awareness Month—and no better time to remind NEA members of the many ways life insurance can safeguard their families’ financial security.

     An alarming number of Americans lack adequate life insurance protection, and NEA members are no exception—surveys show that 86 percent of members are underinsured. For this compelling reason, the NEA Members Insurance Trust has teamed up with the non-profit LIFE Foundation to share the following “Seven Wonders of Life Insurance.”

Life insurance:

1. Buys time. It allows loved ones to focus on their grief instead of worrying about how to pay for things like the funeral and other final expenses.

2. Provides a fresh start. It can help a family start with a clean slate by paying off such things as credit card bills, outstanding loans and even the mortgage.

3. Generates income. It can replace lost income for years to come so that surviving family members can continue to pay for life’s necessities.

4. Offers flexibility. It can make it possible for surviving family members to take time off from work or transition to a more adaptable work schedule.

5. Creates opportunities. It can help surviving family members pursue new career opportunities by paying tuition to learn a new trade or providing seed money to start a business.

6. Funds the future. It can fund longer-range goals like a college education for the children or a comfortable retirement for a surviving spouse.

7. Helps leave a legacy. It gives parents the chance to leave future generations with the legacy of long-term financial security.

     During the month of September, the NEA Members Insurance Trust is offering a wealth of resources, tools, and information—everything you need to know about protecting your family financially—online at neamb.com. Go there to test your insurance IQ and become eligible to win one of a hundred $100 gift cards!*

Mandatory Disclaimer
* Life Insurance Promotion conducted between 9/1/09 and 10/15/09. Sponsor, Operator is NEA Members Insurance Trust. Offer open only to NEA members. For details and official rules, visit neamb.com. Odds of winning depend on number of eligible entries submitted. NO PURCHASE NECESSARY TO ENTER OR WIN. VOID WHERE PROHIBITED.