2023 House Resolution 140

Whereas, Many Americans recognize that it is important to

protect their loved ones with life insurance; and

Whereas, Life insurance benefits and claims totaled $797.7 billion in 2022 alone, providing a tremendous source of financial relief and security to families that experience the loss of a loved one; 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 is that 106 million American adults are without life insurance or are underinsured and most with coverage have less than most experts recommend; and

Whereas, During times like these when so many families continue to struggle, life insurance coverage is more important than ever because people have fewer financial resources to fall back on than in years past, increasing their financial vulnerability; and

Whereas, The nonprofit Life Happens and a coalition representing hundreds of leading life insurance companies and organizations have designated September 2023 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 House of Representatives, That the members of this legislative body declare September 2023 as Life Insurance Awareness Month in the state of Michigan. We urge everyone in the state to learn more about life insurance and its benefits.