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Celebrate National Life Insurance Day on May 2 by taking the time to review your life insurance policy and make sure it's still meeting your needs. This day was created to raise awareness about the importance of life insurance and how it can help protect your family in case something unexpected happens. Life insurance has been around since the 17th century, but today there are many different types of policies available that offer flexible coverage options for a variety of situations. So take some time to learn more about life insurance and find out if you have the right policy for you!
<div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>1706</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>First Life Insurance Company</div><div class='timeline-text'>The Amicable Society for a Perpetual Assurance Office, the first life insurance company in the world, is established in London.</div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>1762</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>Equitable Life Assurance Society</div><div class='timeline-text'>The Equitable Life Assurance Society was established, it was the first mutual life insurance company, offering policies owned by the insured instead of investors.</div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>1843</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>National Loan Fund Life Assurance Society</div><div class='timeline-text'>The National Loan Fund Life Assurance Society began offering coverage in the United States, marking the arrival of life insurance in America.</div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>1911</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>Group Life Insurance Inception</div><div class='timeline-text'>Equitable Life Assurance of New York introduced group life insurance, shaping a new dynamic for offering life insurance to large groups and corporations.</div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>1981</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>Universal Life Insurance Emergence</div><div class='timeline-text'>Universal life insurance emerged, offering flexible premiums and adjustable death benefits, adding a new dimension to life insurance offerings.</div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>2010</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>Electronic Policy Trend</div><div class='timeline-text'>Life insurance companies started to use electronic applications and policies, providing customers with immediate protection and more efficient service.</div></div></div>
<div id='' class='facts-item'><div id='' class='facts-header'><h3 id='' class='facts-number'>1</h3></div><div id='' class='facts-text-wrapper'><h3 id='' class='facts-title'>Review your insurance policy</h3><p id='' class='facts-text'>Take some time to review your current insurance policy. Make sure you have the right coverage for your needs and make any adjustments if needed.</p></div></div><div id='' class='facts-item'><div id='' class='facts-header'><h3 id='' class='facts-number'>2</h3></div><div id='' class='facts-text-wrapper'><h3 id='' class='facts-title'>Educate yourself</h3><p id='' class='facts-text'>Take some time to learn more about life insurance and the different types of policies out there. You may find that there is a better option for you than the one you currently have.</p></div></div><div id='' class='facts-item'><div id='' class='facts-header'><h3 id='' class='facts-number'>3</h3></div><div id='' class='facts-text-wrapper'><h3 id='' class='facts-title'>Shop around</h3><p id='' class='facts-text'>Compare different life insurance policies and rates from various providers. Don't be afraid to negotiate and get the best deal you can.</p></div></div><div id='' class='facts-item'><div id='' class='facts-header'><h3 id='' class='facts-number'>4</h3></div><div id='' class='facts-text-wrapper'><h3 id='' class='facts-title'>Talk to a financial advisor</h3><p id='' class='facts-text'>Consult a financial advisor to help you make the best decision for your individual needs. They can also provide insight into other ways to protect yourself and your loved ones.</p></div></div><div id='' class='facts-item'><div id='' class='facts-header'><h3 id='' class='facts-number'>5</h3></div><div id='' class='facts-text-wrapper'><h3 id='' class='facts-title'>Protect your loved ones</h3><p id='' class='facts-text'>Ensure that your family is taken care of in the event of your death by making sure they are covered with proper life insurance policies.</p></div></div>
<div id='' class='whywelove-item'><div id='' class='whywelove-letter-cont'><div class='whywelove-letter'>A</div></div><div id='why-we-love-main-cont'><h3 id='' class='whywelove-title'>Life insurance provides financial security</h3><p id='' class='whywelove-text'>Having life insurance means that your loved ones will have the financial resources they need to go on without you if something unexpected happens. Life insurance policies typically pay out a lump sum of money after the policyholder passes away, which can provide much needed relief during a stressful time for family and friends.</p></div></div><div id='' class='whywelove-item'><div id='' class='whywelove-letter-cont'><div class='whywelove-letter'>B</div></div><div id='why-we-love-main-cont'><h3 id='' class='whywelove-title'>It helps cover funeral expenses</h3><p id='' class='whywelove-text'>Funeral expenses can be costly, but having an insurance policy in place can at least help to soften the cost burden. Any money left over from the death benefit can also be put towards other needs of the family like bills or college savings accounts.</p></div></div><div id='' class='whywelove-item'><div id='' class='whywelove-letter-cont'><div class='whywelove-letter'>C</div></div><div id='why-we-love-main-cont'><h3 id='' class='whywelove-title'>Life insurance provides peace of mind</h3><p id='' class='whywelove-text'>No one likes thinking about their own mortality, but having life insurance gives you and your family peace of mind knowing your financial future is secure. Knowing that you are taking care of all possible contingencies can make it easier to enjoy life each and every day!</p></div></div>
National Life Insurance Day is celebrated on May 2 every year. In 2024 National Life Insurance Day will occur on a Thursday.
2023
May 2
Tuesday
2024
May 2
Thursday
2025
May 2
Friday
2026
May 2
Saturday
2027
May 2
Sunday
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