[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[S. Res. 223 Agreed to Senate (ATS)]








109th CONGRESS
  1st Session
S. RES. 223

Supporting the goals and ideals of ``National Life Insurance Awareness 
                                Month''.


_______________________________________________________________________


                   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
    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, other entities, 
        and the people of the United States to observe the month with 
        appropriate programs and activities.
                                 <all>