This is an in-depth look at all the must-know facts about National Life Insurance Day (2024) 🗓️ that no one tells you about. National Life Insurance Day is celebrated on May 2nd.
Among the information you’ll find below: the history of National Life Insurance Day, activities to do on and how to observe this holiday, as well as important facts you need know about National Life Insurance Day.
📅 What day is National Life Insurance Day 2024?
In 2024, National Life Insurance Day is on Tuesday, May 2nd. It is the 1st Tuesday in May; in 2024, it is Thursday. There are until the next observance. You also can learn all fascinating details and facts about May 2, 2023, that you might not be aware of.
Every year on May 2, we observe National Life Insurance Day to remember the significance of life insurance in the United States. This day serves as a reminder of the various benefits that life insurance offers. It plays a crucial role in preventing financial burdens, funding education for our children, giving surviving family members a fresh start, and sustaining businesses when a family member passes away. Life insurance also enables us to create an emergency fund and explore investment opportunities to build wealth while safeguarding our loved ones. Ultimately, life insurance provides a valuable shield for our financial future.
📜 National Life Insurance Day History
In the late 1760s, life insurance marketing began in the United States. The first life insurance organization, known as the Corporation for Relief of Poor and Distressed Widows and Children of Presbyterian Ministers, was established in 1759 by the Presbyterian Synods of Philadelphia and New York City. This organization created the Presbyterian Clergy Fund for Life Insurance, a non-profit mutual fund for ministers. From 1787 to 1837, numerous life insurance companies were founded, but only a few survived.
In 2014, Liran Hirschkorn, an independent insurance agent at Best Life Quote, proposed National Life Insurance Day to commemorate the anniversary of life insurance becoming available in the United States. The registrar of the National Day Calendar recognizes May 2 as National Life Insurance Day each year.
✅ National Life Insurance Day Facts
🔖 There is a “whole life” insurance plan
This insurance policy, as the name implies, provides coverage for the entirety of your life. Unlike term life insurance, the premiums for these plans are higher.
🔖 You can get a term life insurance
A life insurance plan is a basic type of insurance that provides coverage for a specific duration, typically ranging from 10 to 30 years.
🔖 The first life insurance company in the world
The Amicable Society for a Perpetual Assurance Office holds the distinction of being the first-ever life insurance company in the world.
👍 Why Is National Life Insurance Day Important
National Life Insurance Day commemorates the first day that life insurance became accessible in the United States. It highlights how significant this day is to everyone who observes it throughout the world.
On this day, we become more conscious of the importance of life insurance. We understand its significance and how it might assist us in safeguarding our future and the future of our loved ones.
It reminds folks who have a financial plan of the advantages. It also informs individuals who do not have life insurance about the need to get one.
🙂 How To Observe National Life Insurance Day
⚡ Create awareness for others
⚡ Sign up for a life insurance plan
It is highly recommended to obtain life insurance if you currently do not have it, as the importance and benefit of having this coverage cannot be emphasized enough. Take advantage of this opportunity to create a proactive plan for yourself.
⚡ Read more to educate yourself
National Life Insurance Day is a day to raise awareness among your family and friends about the necessity of carrying life insurance to assist them in protecting their financial future. This is the moment to inform people about the advantages of life insurance.
📅 When is National Life Insurance Day?
| YEAR | DATE | DAY |
| 2024 | May 2 | Thursday |
| 2025 | May 2 | Friday |
| 2026 | May 2 | Saturday |
| 2027 | May 2 | Sunday |
| 2028 | May 2 | Tuesday |
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