Life Insurance Awareness Month
Quick Facts

• Life Insurance Awareness Month (LIAM) was created to educate Americans about the importance of adequate coverage.
  
  
• Nearly 70 million Americans are without life insurance coverage.
  
  
• According to a recent survey, 50% of surviving spouses felt that their life insurance proceeds were inadequate.
  
  
• Experts recommend 4-5 times one’s annual salary as adequate insurance coverage.
  
  
• Life events like getting married, having a baby, and buying a home are excellent reasons to purchase additional life insurance. However, if you have not experienced these events, you may not need as much coverage.
  
  
• Life insurance calculators can help you determine how much coverage you need.
  
  
• Employers typically do not provide sufficient life insurance coverage.
  
  
• 86% of NEA members are underinsured.
  
  
• Life insurance rates are going up 5-15%—but not for NEA members.
  
  
• The NEA Members Insurance Trust offers an array of competitively priced products for NEA members.