When is National Life Insurance Day – May 2?
Tuesday May 2ndNational Life Insurance Day, the first day that life insurance became available in the United States, takes place each year on May 2nd.. The observance also raises concerns about the benefits of life insurance.
Life insurance in the United States began in the late 1760s. In 1759, Presbyterian Synods in Philadelphia and New York City established the Corporation for the Relief of Poor and Distressed Widows and Children of Presbyterian Ministers.
The charter for the Corporation for Relief of Poor and Distressed Widows and Children of Presbyterian Ministers was published on May 2, 1759. The charter was published on May 2, 1759. In 1769, Episcopalian priests established a similar relief fund. Between 1787 and 1837, more than two dozen life insurance companies were established, but only about half of them survived.
People can do some really amazing things for life insurance. It will take a loved one's time to mourn. It can also pay off debts and loans, giving surviving family members the opportunity to start with a clean slate.. Families can stay in their homes and pre-fund a child's college education with Life insurance. Life insurance can help them protect the company in the event of an untimely death if families own a business. It also provides a family with a steady source of income for a period of time.
