From Awareness to Action: Planning Your Financial Future With Confidence
August 12, 2025
National Financial Awareness Day arrives every August. Let this be your annual reminder to take a high-level look at your complete financial roadmap, including whole life insurance, annuities, and retirement. Do you have all the right pieces in place to build a confident financial future?
From a 401(k) and personal savings to annuities and life insurance, a complete financial portfolio relies on a variety of diverse strategic tools. If you notice gaps, that’s perfectly normal. Awareness is just the first step — taking action is what matters most.
Often, life insurance is the missing piece. How can whole life insurance help with financial planning? Read on to see how this policy provides more than just a death benefit.
What Role Can Whole Life Insurance Play in Your Financial Plan?
Whole life insurance serves two purposes: lifelong coverage and cash value accumulation you can tap into when life’s major expenses arise.
Did your child get into the college of her dreams? You can access funds via loans or withdrawals to pay for tuition, books, and housing. Do you need urgent home repairs after a garage fire? Your policy can help with that, too.
What about medical bills from an unexpected surgery or a need to supplement income while waiting for Social Security to kick in? Yes and yes. Whole life insurance can step in and support important financial obligations when you need it most — all while you’re still living.
Using Annuities to Create Income Stability in Retirement
Annuities are insurance contracts that pay lifetime income in return for a lump-sum payment or a series of payments. Annuities can protect your money against the risks of longevity and a volatile stock market.
Annuities are a smart choice for seniors and mid-life career professionals who desire to lock in income now as they transition away from full-time work. Payments can be immediate or deferred, depending on your personal situation.
Because a diversified portfolio is essential for a strong financial plan, annuities are most effective when combined with other income sources such as life insurance, 401(k)s, Roth IRAs, and personal savings.
How To Turn Financial Awareness Into Action
It’s easier than you think to iron out plans for a confident financial future. Here’s a quick checklist to get you started:
- Review your current life insurance coverage and beneficiaries. Let your 1891 agent know if you need to discuss changes.
- Evaluate your retirement savings plan. Consider all of your income sources — 401(k)s, stocks, Social Security, life insurance, annuities — and make sure you’ll have enough to support your lifestyle, inflation, and healthcare costs moving forward.
- Meet with a financial advisor to assess gaps or opportunities.
Remember that jumping every time the market moves may be a short-sighted approach that won’t serve you over time. Conservative financial tools like life insurance and annuities don’t just prioritize lasting financial stability — they also align with your personal goals and the legacy you wish to leave behind.
Plan With Confidence, Not Guesswork
While awareness of potential gaps in your retirement plan is a great first step, making informed decisions — and taking action with the help of a trusted advisor — is what truly brings peace of mind. National Finance Awareness Day is a perfect reminder to take back control of your financial life.
Let 1891 Financial Life provide the guidance you need to find the right mix of flexible assets designed to grow with your life. Reach out to your 1891 representative to review your financial strategy and explore how whole life insurance and annuities can support your goals.
At 1891 Financial Life, we specialize in providing tailored insurance solutions that cater to diverse needs. Our team is equipped to help you navigate these challenges with expertise and compassion. Contact us today for personalized assistance and to explore your options.
About 1891 Financial Life
Our culture is about looking out — for you, for others, for family, for the community. That is how we go “Beyond Life Insurance.”
At 1891 Financial Life, we don’t just sell policies, we offer possibilities. We pride ourselves on giving back to the communities that we serve by providing quality and comprehensive insurance solutions. We are a not-for-profit life insurance Society, which means the sales from these financial service products help fund member benefits along with social, educational, and volunteer programs designed to respond to community needs. In 2023, 1891 Financial Life was listed by Forbes as one of “The World’s Best Life Insurance Companies.”
Our portfolio is extensive, ranging from various life insurance policies to our annuities to support your financial needs no matter what stage of life you’re in.