Bill Text: CA AR31 | 2015-2016 | Regular Session | Introduced

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Bill Title: Relative to Life Insurance Awareness Month.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2016-11-30 - Died at Desk. [AR31 Detail]

Download: California-2015-AR31-Introduced.html

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BILL NUMBER: HR 31	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Daly

                        AUGUST 31, 2015

   Relative to Life Insurance Awareness Month.


	LEGISLATIVE COUNSEL'S DIGEST
             HOUSE OR SENATE RESOLUTIONS DO NOT CONTAIN A DIGEST



   WHEREAS, Life insurance is an essential part of a sound financial
plan; and
   WHEREAS, Life insurance provides financial security for families
in the event of a premature death by helping surviving family members
to meet immediate and long-term financial obligations and
objectives; and
   WHEREAS, Nearly 95 million Americans lack life insurance coverage
needed to ensure a secure financial future for their loved ones; and
   WHEREAS, Each year, the life insurance industry pays
$63,000,000,000 to beneficiaries, providing a source of financial
relief and security to families that experience the loss of a loved
one; and
   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 work additional jobs or longer hours, borrow
money, withdraw money from savings and investment accounts, and, in
too many cases, move to smaller, less expensive housing; and
   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 National Association of Insurance and Financial
Advisors, the Association of California Life and Health Insurance
Companies, the American Council of Life Insurers, and a coalition
representing hundreds of leading life insurance companies and
organizations have designated September 2015 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 for their loved
ones; now, therefore, be it
   Resolved by the Assembly of the State of California, That the
Assembly recognizes and supports the goals and ideals of Life
Insurance Awareness Month; and be it further
   Resolved, That the Chief Clerk of the Assembly shall transmit
copies of this resolution to the author for appropriate distribution.