LANSING, Mich. — The state Senate recently adopted a resolution sponsored by Sen. Lana Theis recognizing September as Life Insurance Awareness Month and urged residents to learn more about life insurance and how it may benefit families.
“Life insurance is often overlooked, but I strongly encourage Michiganders to consider buying a policy to protect their loved ones,” said Theis, R-Brighton. “Life insurance policies are vital to ensuring family members are taken care of when the unfortunate happens. Residents should take the time during Life Insurance Awareness Month to seek advice from a qualified insurance professional about providing a financially secure future for their loved ones.”
It is estimated the life insurance industry pays roughly $60 billion to beneficiaries each year, yet approximately 95 million American adults do not have life insurance policies and ownership of both individual and employer-sponsored life insurance continues to decline.
“In this age of uncertain unemployment, creeping inflation, burdensome government shutdowns and worsening financial vulnerabilities, having life insurance coverage is more important than ever,” Theis said.
Senate Resolution 81 may be read in its entirety at http://legislature.mi.gov/doc.aspx?2021-SR-0081.