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September 29, 2022 - Harrisburg, PA

Insurance Department Highlights Importance of Financial Planning

Pennsylvania Deputy Insurance Commissioner Dave Buono and Insurance Federation of Pennsylvania President and CEO Jonathan Greer reminded Pennsylvanians of the value of life insurance policies that can provide families with financial security after the loss of a loved one. The Pennsylvania Insurance Department is encouraging Pennsylvanians to plan for financial security by considering their current and future financial needs and the role life insurance may play in providing financial protection to family members and loved ones.

According to a study by Life Happens and LIMRA, most people are not financially prepared for the death of a wage earner within their household, with one in 10 respondents reporting they would feel financial strain in one week if their household's primary earner passed away.

"The financial fallout from the passing of a family's wage earner can be devastating, adding increased hardship onto an already difficult and painful time period," said Buono. "Purchasing for the first time or expanding existing life insurance coverage can provide peace of mind when planning for the future and can ensure financial protection when the unthinkable happens. We encourage Pennsylvanians to plan ahead by talking to family, friends, and their insurance agents about coverage that meets their future needs."

Speakers Include:
Dave Buono, Pennsylvania Deputy Insurance Commissioner
Jonathan Greer, Insurance Federation of Pennsylvania President and CEO



<a href="https://filesource.wostreaming.net/commonwealthofpa/photo/22229_INS_LifeInsurance_NK_001.JPG" target="_blank">⇣ Download Photo<br></a>Pennsylvania Deputy Insurance Commissioner Dave Buono speaks during a press conference highlighting the importance of planning for financial security by considering life insurance coverage, to provide financial protection to family members and loved ones, inside the Capitol Media Center on Thursday, September 29, 2022. <a href="https://filesource.wostreaming.net/commonwealthofpa/photo/22229_INS_LifeInsurance_NK_002.JPG" target="_blank">⇣ Download Photo<br></a>Insurance Federation of Pennsylvania President and CEO Jonathan Greer speaks during a press conference highlighting the importance of planning for financial security by considering life insurance coverage, to provide financial protection to family members and loved ones, inside the Capitol Media Center on Thursday, September 29, 2022. <a href="https://filesource.wostreaming.net/commonwealthofpa/photo/22229_INS_LifeInsurance_NK_003.JPG" target="_blank">⇣ Download Photo<br></a>Pennsylvania Deputy Insurance Commissioner Dave Buono speaks during a press conference highlighting the importance of planning for financial security by considering life insurance coverage, to provide financial protection to family members and loved ones, inside the Capitol Media Center on Thursday, September 29, 2022. <a href="https://filesource.wostreaming.net/commonwealthofpa/photo/22229_INS_LifeInsurance_NK_004.JPG" target="_blank">⇣ Download Photo<br></a>Insurance Federation of Pennsylvania President and CEO Jonathan Greer speaks during a press conference highlighting the importance of planning for financial security by considering life insurance coverage, to provide financial protection to family members and loved ones, inside the Capitol Media Center on Thursday, September 29, 2022. <a href="https://filesource.wostreaming.net/commonwealthofpa/photo/22229_INS_LifeInsurance_NK_005.JPG" target="_blank">⇣ Download Photo<br></a>Pennsylvania Deputy Insurance Commissioner Dave Buono speaks during a press conference highlighting the importance of planning for financial security by considering life insurance coverage, to provide financial protection to family members and loved ones, inside the Capitol Media Center on Thursday, September 29, 2022. <a href="https://filesource.wostreaming.net/commonwealthofpa/photo/22229_INS_LifeInsurance_NK_006.JPG" target="_blank">⇣ Download Photo<br></a>Pennsylvania Deputy Insurance Commissioner Dave Buono speaks during a press conference highlighting the importance of planning for financial security by considering life insurance coverage, to provide financial protection to family members and loved ones, inside the Capitol Media Center on Thursday, September 29, 2022. <a href="https://filesource.wostreaming.net/commonwealthofpa/photo/22229_INS_LifeInsurance_NK_007.JPG" target="_blank">⇣ Download Photo<br></a>Insurance Federation of Pennsylvania President and CEO Jonathan Greer speaks during a press conference highlighting the importance of planning for financial security by considering life insurance coverage, to provide financial protection to family members and loved ones, inside the Capitol Media Center on Thursday, September 29, 2022. <a href="https://filesource.wostreaming.net/commonwealthofpa/photo/22229_INS_LifeInsurance_NK_008.JPG" target="_blank">⇣ Download Photo<br></a>Pennsylvania Deputy Insurance Commissioner Dave Buono speaks during a press conference highlighting the importance of planning for financial security by considering life insurance coverage, to provide financial protection to family members and loved ones, inside the Capitol Media Center on Thursday, September 29, 2022. <a href="https://filesource.wostreaming.net/commonwealthofpa/photo/22229_INS_LifeInsurance_NK_009.JPG" target="_blank">⇣ Download Photo<br></a>Insurance Federation of Pennsylvania President and CEO Jonathan Greer speaks during a press conference highlighting the importance of planning for financial security by considering life insurance coverage, to provide financial protection to family members and loved ones, inside the Capitol Media Center on Thursday, September 29, 2022. <a href="https://filesource.wostreaming.net/commonwealthofpa/photo/22229_INS_LifeInsurance_NK_010.JPG" target="_blank">⇣ Download Photo<br></a>Insurance Federation of Pennsylvania President and CEO Jonathan Greer speaks during a press conference highlighting the importance of planning for financial security by considering life insurance coverage, to provide financial protection to family members and loved ones, inside the Capitol Media Center on Thursday, September 29, 2022. <a href="https://filesource.wostreaming.net/commonwealthofpa/photo/22229_INS_LifeInsurance_NK_011.JPG" target="_blank">⇣ Download Photo<br></a>Pennsylvania Deputy Insurance Commissioner Dave Buono speaks during a press conference highlighting the importance of planning for financial security by considering life insurance coverage, to provide financial protection to family members and loved ones, inside the Capitol Media Center on Thursday, September 29, 2022.