The Importance of Life Insurance

The Importance of Life Insurance

Core Facts

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Benjamin Franklin wrote in a 1789 letter that in this world nothing can be said to be certain, except death and taxes. The great unknown is exactly that, unknown, and none of us knows exactly when we’re going to leave this world.

What we do know is that it will be a stressful time for those we love and leave behind. According to the 2016 Insurance Barometer Study by Life Happens and LIMRA, 1 in 3 households would be in danger if the primary wage earner died.  

The study shows that their families and dependents would be in immediate trouble. Keeping a roof over your loved ones heads and food on the table is one thing when you are alive, but that responsibility doesn’t end when you depart this world. Life insurance can alleviate this stress and ease the way for the people who rely on you.

The study also found that 40% haven’t bought life insurance due to the fact that they are unsure of how much insurance they need or what type to buy. 

“Making sure that you are sufficiently covered by an insurance policy is important to both you and your family. Get professional advice, and make sure you know that they will not be put in jeopardy if something were to happen to you,” says David Lerner Associates Vice President of Insurance Services, Dan Gardella.

If you are unsure of what the financial ramifications of a monthly insurance payment will be, there are easy to use free online resources to get an idea. is one, and there are many others. Once you have done some basic research, it is a good idea to consult a professional.



Material contained in this article is provided for information purposes only and is not intended to be used in connection with the evaluation of any investments offered by David Lerner Associates, Inc. This material does not constitute an offer or recommendation to buy or sell securities and should not be considered in connection with the purchase or sale of securities.

To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.

These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable-- we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

Certain insurance programs are offered by prospectus. Investors should read the prospectuses carefully and consider the investment objectives, risks, charges, expenses and other information before investing. There are risks inherent in investing. Past performance is no guarantee of future results.

David Lerner Associates does not provide tax or legal advice. The information presented here is not specific to any individual’s personal circumstances. Member FINRA & SIPC


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Founded in 1976, David Lerner Associates is a privately-held broker/dealer with headquarters in Syosset, New York and branch offices in Westport, CT; Boca Raton, FL; Teaneck and Princeton, NJ; and White Plains, NY. For more information contact David Lerner Associates Call 516-921-4200 Visit our website:

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Jake Mendlinger
Account Manager
516.829.8374 X 232

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