Life Insurance Awareness Month

Every September, Life Insurance Awareness Month promotes the importance of life insurance in financial planning.

Fifth Third Insurance proudly supports this initiative and invites you to discover which personal life insurance plan may be for you.

  • Life insurance is an important aspect of your family's financial future and should be addressed accordingly, but the lack of adequate coverage - or any coverage at all - is a growing issue for Americans. Only 62% of people carry life insurance, and of those, 50% say they need more coverage (LIMRA's Life Insurance Consumer Studies).
  • In fact, the recommended life insurance coverage is about $405,840, while the average amount actually owned is less than half of that (The Bureau of Business and Economic Research).

When is the last time you had your policy reviewed? The importance of a routine policy review is often overlooked, but our insurance professionals can meet with you to understand your insurance needs and help you determine what type of plan makes sense for your situation. Keep in mind that changes in your life, the economy, and insurance industry could affect your coverage needs.

Life-changing events that may affect your life insurance needs include:

  • Change in job status
  • Marriage, divorce, or death of a spouse
  • Birth or adoption of a child
  • Children "leaving the nest"
  • Purchasing a new home
  • Significant changes in assets or debts

A Fifth Third Insurance professional can help walk you through details on how to incorporate life insurance into your family's long-term financial strategy. We'll help you explore the possibilities and help choose a policy to fit your circumstances, so you can help protect those you love against uncertainties.

You may already have insurance, but do you have enough?

Insurance Strategies - do you have sufficient coverage?

Take quiz now

You have personal insurance coverage, but do you have enough? These questions can help you assess whether you and your family have sufficient coverage.

If you have experienced major life changes since you opened your policy, your coverage may no longer be appropriate for your current situation. Here is a checklist of some of the life events which may affect the amount of insurance coverage you need.

Since evaluating your personal insurance coverage, have you:

  1. Gotten married or divorced?
  2. Experienced the birth or adoption of a child?
  3. Lost a loved one?
  4. Changed jobs?
  5. Took on additional debt?

If you answered "yes" to any of these questions and would like a free insurance evaluation, Fifth Third can help.

Visit a Fifth Third Financial Center near you, or fill out a secure contact form.

Fifth Third Bank provides access to insurance products through its subsidiary, Fifth Third Insurance. Fifth Third Insurance is the trade name used by Fifth Third Insurance Agency, Inc., a licensed insurance agency providing insurance services. Insurance products:

Are Not FDIC Insured Offer No Bank Guarantee May Lose Value
Are Not Insured By Any Federal Government Agency Are Not A Deposit

Insurance products are not offered in all states. Please consult with a Fifth Third Insurance Professional.