The United States Senate on October 12 passed a Life Insurance Awareness Month resolution sponsored by Sen. Ben Nelson (D-NE) along with Sen. Saxby Chambliss (R-GA), Johnny Isakson (R-GA), and Bill Nelson (D-FL). The resolution reads:
Supporting the goals and ideals of `National Life Insurance Awareness Month'.
Whereas the vast majority of Americans recognize that it is important to protect loved ones with life insurance, with a recent survey indicating that 86 percent agree that most people need coverage;
Whereas the life insurance industry pays roughly $60 billion to beneficiaries each year, providing a tremendous source of financial relief and security to families that experience the loss of a loved one;
Whereas despite the importance that people place on life insurance and the peace of mind that it brings to millions of American families, there are still too many Americans who lack adequate coverage;
Whereas the unfortunate reality today is that roughly 95 million adult Americans have no life insurance, and ownership of both individual and employer-sponsored life insurance has declined in recent years;
Whereas during times like these when the economy remains stagnant and so many families continue to struggle, life insurance coverage is more important than ever because most families have fewer financial resources to fall back on than in years past, increasing their financial vulnerability;
Whereas numerous groups supporting life insurance have designated September 2011 as “Life Insurance Awareness Month,” the goal of which is to raise consumer awareness about their need for life insurance protection, to encourage them to seek advice from a qualified insurance professional, and to take the actions necessary to achieve a financially secure future for their loved ones: Now, therefore, be it
Resolved, That the Senate--
(1) supports the goals and ideals of `National Life Insurance Awareness Month'; and
(2) calls on the Federal Government, States, localities, schools, nonprofit organizations, businesses, and the citizens of the United States to observe the month with appropriate programs and activities.
