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Celebrate Life Insurance Awareness Month this September with the Gift of Financial Security

9/6/2017, noon | Updated on 9/6/2017, noon
If you have life insurance, make sure your beneficiary information is up-to-date and the insurance paperwork is readily accessible to ...
Henry Benjamin

Celebrate Life Insurance Awareness Month this September with the Gift of Financial Security

By: Henry Benjamin,

Allstate agency owner

Life Insurance Awareness Month is upon us. And as we take this opportunity to consider the importance of life insurance, I encourage consumers to keep two tips in mind: Buy life insurance if you need it.

If you have life insurance, make sure your beneficiary information is up-to-date and the insurance paperwork is readily accessible to your family.

Many of us have heard stories of people who could have benefitted from life insurance but didn’t have it. And in some cases, an individual may have life insurance that the family doesn’t know about. That could cause family members to go through unnecessary anguish if they don’t know they can file a claim as beneficiaries of a life insurance policy.

In one case, an Allstate claims adjuster found third-party records indicating that a 42-year old insured man had passed away. However, she received no response when she attempted to contact his wife at their last known address.

The claims adjuster looked into the situation further and found a possible cell phone number on a public database. Fortunately, this was the wife’s phone number.

When the adjuster called, the wife said she had no idea her husband had a $250,000 life insurance policy. She burst into tears on the phone. After her husband died suddenly, she and the three children moved in with her parents and she went back to work. She said she’d just told the children, ages 3 to 12, they probably would never be able to afford to live in their own home again. She was grateful to learn she

could file a life insurance claim for the funds to help take care of her family.

I encourage consumers to talk with a financial professional, and with those you care about, this month about life insurance – this will help ensure that you’re informed, protected and also that you and your family members have access to the information you need in the event that you need to use a loved one’s life insurance. I can

be reached at 773-723-0400 for an insurance review or to discuss life insurance in more detail.

Have questions? Contact Henry Benjamin Allstate Agency Owner at (773)723-0400 Disclaimer: “The following is a guest column, submitted to Citizen Newspapers. Citizen Newspapers is please to run selected guest columns to further educate our readers. Citizen Newspapers provides these columns as a service to our communities. Citizen Newspapers does not endorse or recommend any services or products suggested in our guest columns, and urges all readers to research suggested products and make wise decisions.”