Protecting Your Greatest Asset: Grange Insurance Provides Life Insurance Tips in Recognition of Life Insurance Awareness Month

COLUMBUS, Ohio, Aug. 29 /PRNewswire/ -- The topic of life insurance can be a difficult one to discuss; however it is one of the most important issues to bring up with loved ones and your insurance agent. The Life & Health Insurance Foundation for Education (LIFE) estimates that 68 million adult Americans do not have a life insurance policy, and of those who have coverage, many do not have enough.

Due to those staggering numbers, LIFE has teamed up with life insurance companies, including Grange Life Insurance, to promote awareness of life insurance issues throughout the month of September. The objective is to end the unnecessary financial suffering that often occurs when a loved one dies.

"Millions of people spend their lives making sure others are properly provided for but may not think about how others will fare after they are gone," says Michelle Benz, president of Grange Life Insurance. "The financial burdens left only add to the loss of the loved one. This is why Grange Life Insurance felt it was important to join LIFE's mission to provide education about adequate coverage."

A life insurance policy is needed at any stage of life regardless if you are single, married, with or without kids, a small business owner or an employee. When purchasing a life insurance policy, Benz recommends asking and answering a few questions:

     -- Who will need to be taken care of when I die?     -- Would they still be able to live a comfortable lifestyle if I died        tomorrow?     -- Would they be able to pay for my final expenses, such as funeral costs,        medical bills, taxes and other debts?  

Benz says from that point, your local independent agent can help you determine the type of policy that would work best for your situation. Life insurance generally falls into two categories: term insurance and permanent insurance. Term insurance is the most affordable coverage and provides protection for a specific period of time, which can vary depending on your need. For example, you may decide to purchase term insurance to provide protection until your mortgage is paid off. Permanent insurance accumulates cash value and is designed to last a lifetime. Your insurance agent will help you determine the right coverage to meet your specific needs and financial goals.

Benz also recommends revisiting your life insurance coverage to keep it current with any changes in your life. Life events such as marriage, having a baby, buying a home or changing jobs could have an impact on your life insurance needs. Your insurance agent will help you evaluate your needs and your existing coverage to make sure you have the right protection at every stage of your life.

"Investing in a life insurance policy can ease the worries of a family provider and their loved ones," Benz says. "Taking the proper steps now can save your family and friends a little of the unnecessary heartache down the road."

Grange Life Insurance offers a full line of life insurance products, and your local Grange agent can help navigate you to the right policy for you. Grange Life Insurance is a subsidiary of Grange Insurance, a $1 billion insurance services provider based in Columbus, Ohio, serving 13 Midwestern states. For more information, visit www.grangeinsurance.com

SOURCE Grange Life Insurance

CONTACT: Carol Drake, Vice President, Marketing of Grange Life Insurance +1-614-445-2490