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Press Release

Life Insurance: Ensure Financial Protection for Your Loved Ones



COLUMBUS – To stress the importance of ensuring financial security in the event a family’s primary wage earner or another family member was to pass away, Governor John Kasich and Department of Insurance Director Jillian Froment have designated September as Life Insurance Awareness Month in Ohio.

Even though a national study revealed nine in 10 people agree that most people need life insurance, just 60 percent say they have it. 

“The main reason a person should consider purchasing life insurance is to protect those they love from the financial effects of an unexpected or untimely death,” Froment said. “All Ohioans can benefit from the guidance of a life insurance professional when determining the most appropriate amount and type of life insurance.” 

Typically, life insurance provides money to beneficiaries selected by the insured. Coverage can be purchased directly from a company, provided as an employee benefit or purchased through an insurance agent. Upon the insured’s death the money could help replace the deceased’s income, fund ongoing expenses, put kids through school, pay the mortgage, car loan, and other debts left behind, as well as cover the deceased’s funeral expenses and estate taxes.  

The amount of life insurance a person should secure to protect their loved ones depends on many factors, including life stage, family picture and financial standing.  

Important questions a person should consider include:  

  • How much of the family income do I provide?
  • How would my survivors, especially my children, get by?
  • Does anyone else depend on me financially, such as a parent, spouse, grandparent, brother or sister?
  • Do I want to set aside money for my children to finish their education?
  • How will my family pay final expenses and repay debts after my death?
  • Do I have family members or organizations to whom I would like to leave money?
  • Will there be estate taxes to pay after my death? 
For more information about life insurance visit the Ohio Department of Insurance website at www.insurance.ohio.gov. Consumers with insurance questions can call the department at 1-800-686-1526.


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Ohio Department of Insurance
50 W. Town Street, Third Floor - Suite 300
Columbus, Ohio  43215
Mike DeWine, Governor | Jillian Froment, Director
General Info: 614-644-2658 | Consumer Hotline: 800-686-1526
Fraud Hotline: 800-686-1527 | Medicare Hotline: 800-686-1578