III
109th CONGRESS
1st Session
S. RES. 223
IN THE SENATE OF THE UNITED STATES
July 28, 2005
Mr. Chambliss (for himself, Mr. Nelson of Nebraska, Ms. Collins, Mr. Vitter, Mr. Martinez, Mr. Thune, Mr. Johnson, and Mr. Allen) submitted the following resolution; which was considered and agreed to
RESOLUTION
Supporting the goals and ideals of
National Life Insurance Awareness Month
.
Whereas life insurance is an essential part of a sound financial plan;
Whereas life insurance provides financial security for families in the event of a premature death by helping surviving family members meet immediate and longer-term financial obligations and objectives;
Whereas nearly 50,000,000 Americans say they lack the life insurance coverage needed to ensure a secure financial future for their loved ones;
Whereas recent studies have found that when a premature death occurs, insufficient life insurance coverage on the part of the insured results in 3/4 of surviving family members having to take measures such as working additional jobs or longer hours, borrowing money, withdrawing money from savings and investment accounts, and, in too many cases, moving to smaller, less expensive housing;
Whereas individuals, families, and businesses can benefit greatly from professional insurance and financial planning advice, including the assessment of their life insurance needs; and
Whereas
the Life and Health Insurance Foundation for Education (LIFE), the National
Association of Insurance and Financial Advisors (NAIFA), and a coalition
representing hundreds of leading life insurance companies and organizations
have designated September 2005 as National Life Insurance Awareness
Month
, the goal of which is to make consumers more aware of their life
insurance needs, seek professional advice, and take the actions necessary to
achieve the financial security of their loved ones: Now, therefore, be
it
That the Senate—
supports the goals and ideals of
National Life Insurance Awareness Month
; and
calls on the Federal Government, States, localities, schools, nonprofit organizations, businesses, other entities, and the people of the United States to observe the month with appropriate programs and activities.