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 to 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 three-fourths 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 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 Congress—
(1)
designates September 2005 as
Life Insurance Awareness Month
;
(2)
recognizes and supports the
goals and ideals of Life Insurance Awareness Month
; and
(3)
requests that the President
issue a proclamation calling on the Federal Government, States, localities,
schools, nonprofit organizations, businesses, other entities, and the people of
the United States to observe Life Insurance Awareness Month
with
appropriate programs and activities.