BILL NUMBER: HR 64INTRODUCED BILL TEXT INTRODUCED BY Assembly Member Daly AUGUST 15, 2016 Relative to Life Insurance Awareness Month. LEGISLATIVE COUNSEL'S DIGEST HOUSE OR SENATE RESOLUTIONS DO NOT CONTAIN A DIGEST WHEREAS, With a recent survey indicating that 80 percent of people agree that most people need life insurance coverage, the vast majority of Americans recognize that it is important to protect loved ones with life insurance; and WHEREAS, The life insurance industry pays $63,000,000,000 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, 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 more than 95 million adult Americans have no life insurance coverage and most people with coverage have less than most experts recommend; and WHEREAS, During times like these when so many families continue to struggle economically, 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 2016 as Life Insurance Awareness Month, the goal of which is to get consumers thinking about their need for life insurance protection and to encourage consumers to seek advice from a qualified life insurance professional and take the actions necessary to achieve a financially secure future 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 declares September 2016 as Life Insurance Awareness Month in California; and be it further Resolved, That the Chief Clerk shall transmit copies of this resolution to the author for appropriate distribution.