Bill Text: MI SR0096 | 2015-2016 | 98th Legislature | Enrolled
Bill Title: A resolution to commemorate September 2015 as Life Insurance Awareness Month.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Passed) 2015-09-29 - Adopted [SR0096 Detail]
Download: Michigan-2015-SR0096-Enrolled.html
SR-96, As Adopted by Senate, September 29, 2015
Senator Hune offered the following resolution:
Senate Resolution No. 96.
A resolution to commemorate September 2015 as Life Insurance Awareness Month.
Whereas, The vast majority of Americans recognize that it is important to protect loved ones with life insurance, with a recent survey indicating that 86 percent agree that most people need coverage; and
Whereas, The life insurance industry pays roughly $65 billion in life insurance proceeds to beneficiaries each year, providing a tremendous source of financial relief and security to families that experience the loss of a loved one; and
Whereas, The life insurance industry contributes approximately $79 billion in payments to annuity investors each year, providing a source of financial security and peace of mind that retirees will not outlive their assets; and
Whereas, Despite the importance that people place on life insurance and the peace of mind that it brings to millions of American families, there are still too many Americans who lack adequate coverage; and
Whereas, The unfortunate reality today is that an estimated 95 million adult Americans have no life insurance, and ownership of both individual and employer-sponsored life insurance have declined in recent years; and
Whereas, During challenging economic times as families continue to struggle, life insurance coverage is more important than ever because most families have fewer financial resources to fall back on than in years past, increasing their financial vulnerability; and
Whereas, The nonprofit Life and Health Insurance Foundation for Education and a coalition representing hundreds of leading life insurance companies and organizations have designated September 2015 as Life Insurance Awareness Month, whose goal is to get consumers thinking about their need for life insurance protection; to encourage them to seek advice from a qualified insurance professional; and to take the actions necessary to achieve a financially secure future for their loved ones; now, therefore, be it
Resolved by the Senate, That the members of this legislative body commemorate September 2015 as Life Insurance Awareness Month in the state of Michigan. We urge citizens to learn more about life insurance, annuities, and their benefits.
