Groundhog Day, Valentine’s Day, Presidents’ Day—February may be the shortest month of the year, but there is a lot going on.
You can also add Insure Your Love Month to that list. The nonprofit organization Life Happens creates and coordinates the campaign each year in recognition of the number one that people buy life insurance:Because they love someone and want to make sure they’d be financially protected if something unfortunate happened.
When people think of who they’d protect with life insurance, they typically think of kids and spouses. But there are many other people—and nonpeople!—who can benefit from life insurance. Here’s a list of “loves” that can be protected or benefit from a life insurance policy.
- Your husband
- Your wife
- Your domestic partner
- Your child
- Someone who’s like a child to you
- Your stepchild
- Your grandchild
- Your niece
- Your nephew
- Your mom
- Your dad
- Someone who was like a mom or dad to you
- Your favorite waitress who could really use a windfall
- Your place of worship
- Your favorite charity
- Your alma mater
- A trust that can benefit your pet
If someone or something on this list could benefit from life insurance protection, now is the time to talk about how to insure your love. A Colonial agent can tell you about options that work with your life and budget.