NATIONAL LIFE INSURANCE DAY
National Life Insurance Day each year on May 2nd marks the anniversary of the first day that life insurance became available in the United States. The observance also brings awareness of the benefits of life insurance.
The sale of life insurance in the U.S. began in the late 1760s. The Presbyterian Synods in Philadelphia and New York City created the Corporation for Relief of Poor and Distressed Widows and Children of Presbyterian Ministers in 1759.
On May 2, 1759, the charter recorded for the Corporation for Relief of Poor and Distressed Widows and Children of Presbyterian Ministers. Episcopalian priests created a comparable relief fund in 1769. Between 1787 and 1837, more than two dozen life insurance companies were started, but fewer than half a dozen survived.
Life insurance can do some pretty amazing things for people. It can buy loved one’s time to grieve. It can also pay off debts and loans, providing surviving family members with the chance to move on with a clean slate. Life insurance allows families to remain in their homes and pre-fund a child’s college education. When families own a business, life insurance will enable them to keep the business in the event of an untimely death. It also provides a stream of income for a family to live on for a period of time.
HOW TO OBSERVE #LifeInsuranceDay
Learn more about the different types of life insurance policies available today. Educate yourself and your family to determine your needs. If you have a life insurance policy, needs change as we age, and our children grow older and more independent. Use #LifeInsuranceDay to post on social media.
NATIONAL LIFE INSURANCE DAY HISTORY
In 2014, Liran Hirschkorn, an Independent Insurance Agent at Best Life Quote, submitted National Life Insurance Day to commemorate the anniversary of life insurance becoming available in the United States.
The Registrar at National Day Calendar proclaimed the day to be observed on May 2nd, annually.
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May 2nd Celebrated (and Not So Celebrated) History
The popular periodical Good Housekeeping makes its publishing debut. Its full title was Good Housekeeping Conducted in the Interests of the Higher Life of the Household. (You think some of today’s books have long titles!) For the price of $2.50, the advice and scholarly information of Good Housekeeping experts were delivered to households across the country every two weeks. The magazine later changed to a monthly publication.
Albert Von Tilzer and Jack Norworth register a copyright for “Take Me Out to the Ball Game,” a catchy tune that continues to be a tradition during summer baseball games.
The Negro National League debuted with a doubleheader in Indianapolis, Indiana between C.I. Taylor’s Indianapolis ABCs and the Chicago Giants. Taking place at Washington Park, the game hosted 6,000 fans. The home team didn’t disappoint, delivering two wins 4-2 and 11-4.
After nearly 5 years, construction on Boulder Dam is complete. Twelve years later it was renamed Hoover Dam in honor of Herbert Hoover, the nation’s 31st president and the secretary of commerce who helped make the project possible.
At just before 3 AM EST, the space capsule Resilience returned to Earth with four astronauts on board. Resilience splashed down in the Gulf of Mexico near Panama City, Florida. It was the first nighttime splashdown with astronauts since the 1968 splashdown of Apollo 8 astronauts Bill Anders, Frank Borman, and Jim Lovell. The NASA mission led by SpaceX began in November 2020 to take crew members to and from the International Space Station.
May 2nd Celebrated (and Not So Celebrated) Birthdays
Mary Bowersock Mendenhall – 1813
Born in Adams County, Pennsylvania, Mariah Mendenhall delivered 980 babies in Northern Indiana and never lost a mother in her care. She nursed the people in her communities for more than 40 years. Mendenhall lived a long 98 years and was an asset to those she provided her care.
Elijah McCoy – 1844
The prolific inventor patented more than 50 of his inventions during his lifetime. Born in Canada, McCoy focused his efforts on lubricants for steam engines. His life is the focus of Andrew Moodie’s play “The Real McCoy” which illustrates how the son of runaway slaves develops a product that no knockoff could replace.
Nannie Helen Boroughs – 1879
An early African American suffragist, Boroughs also believed in education. In 1909, she helped the National Baptist Convention to open the National Training School for Women and Girls.
Dr. Benjamin Spock – 1903
The American pediatrician wrote the indispensable book of the Baby Boom era. The best-selling Baby and Child Care helped raise generations of children, many of whom are great-grandparents today.
Gray Baker – 1925
Known for his UFO investigations, Gray Barker published the Mothman mystery The Silver Bridge. Barker is best known for his book The Men in Black: The Secret Terror Among Us.
Engelbert Humperdinck – 1936
Another unforgettable singer, (and it’s not just because of his name) Humperdinck’s ballads have been touching hearts for generations.