[Congressional Record Volume 151, Number 105 (Thursday, July 28, 2005)]
[Senate]
[Page S9309]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




 SENATE RESOLUTION 223--SUPPORTING THE GOALS AND IDEALS OF ``NATIONAL 
                    LIFE INSURANCE AWARENESS MONTH''

  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:

                              S. Res. 223

       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.

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