Date
Friday
May

May 2

National Life Insurance Day

Secure your future and those you love with National Life Insurance Day - get the coverage you need to ensure peace of mind!

Yearly Date
May 2
Type
Day

Introduction

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!

National Life Insurance Day Timeline

1706
First Life Insurance Company
The Amicable Society for a Perpetual Assurance Office, the first life insurance company in the world, is established in London.
1762
Equitable Life Assurance Society
The Equitable Life Assurance Society was established, it was the first mutual life insurance company, offering policies owned by the insured instead of investors.
1843
National Loan Fund Life Assurance Society
The National Loan Fund Life Assurance Society began offering coverage in the United States, marking the arrival of life insurance in America.
1911
Group Life Insurance Inception
Equitable Life Assurance of New York introduced group life insurance, shaping a new dynamic for offering life insurance to large groups and corporations.
1981
Universal Life Insurance Emergence
Universal life insurance emerged, offering flexible premiums and adjustable death benefits, adding a new dimension to life insurance offerings.
2010
Electronic Policy Trend
Life insurance companies started to use electronic applications and policies, providing customers with immediate protection and more efficient service.

How to Celebrate National Life Insurance Day

1

Review your insurance policy

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.

2

Educate yourself

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.

3

Shop around

Compare different life insurance policies and rates from various providers. Don't be afraid to negotiate and get the best deal you can.

4

Talk to a financial advisor

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.

5

Protect your loved ones

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.

Why National Life Insurance Day is Important

A

Life insurance provides financial security

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.

B

It helps cover funeral expenses

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.

C

Life insurance provides peace of mind

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!

National Life Insurance Day Dates

Year
Date
Day
2023
May 1
Monday
2024
May 1
Wednesday
2025
May 1
Thursday
2026
May 1
Friday
2027
May 1
Saturday