[Congressional Record (Bound Edition), Volume 151 (2005), Part 12]
[Senate]
[Page 17132]
[From the U.S. Government Publishing Office, www.gpo.gov]




  SENATE CONCURRENT RESOLUTION 45--SUPPORTING THE GOALS AND IDEALS OF 
    NATIONAL LIFE INSURANCE AWARENESS MONTH, AND FOR OTHER PURPOSES

  Mr. CHAMBLISS (for himself, Mr. Nelson of Nebraska, Ms. Collins, Mr. 
Vitter, Mr. Martinez, Mr. Thune, and Mr. Johnson) submitted the 
following concurrent resolution; which was referred to the Committee on 
the Judiciary:

                            S. Con. Res. 45

       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
       Resolved by the Senate (the House of Representatives 
     concurring), That the Congress--
       (1) supports the goals and ideals of 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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