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PRINTER'S NO. 1195
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE RESOLUTION
No. 159
Session of
2025
INTRODUCED BY GEBHARD, STREET, MALONE, HUGHES, KANE, PISCIOTTANO
AND COSTA, OCTOBER 3, 2025
REFERRED TO RULES AND EXECUTIVE NOMINATIONS, OCTOBER 3, 2025
A RESOLUTION
Designating the month of September 2025 as "Life Insurance
Awareness Month" in Pennsylvania.
WHEREAS, More than 6 million Pennsylvania residents have life
insurance coverage with an average benefit of $148,000; and
WHEREAS, According to the American Council of Life Insurers,
the life insurance industry in Pennsylvania paid $11.7 billion
to beneficiaries in 2024, providing a tremendous source of
financial relief and security to families that experienced the
loss of a loved one; and
WHEREAS, Life insurers pay out $31.9 million a day to
Pennsylvanians in life insurance and annuities averaging
approximately $148,000 per policyholder; and
WHEREAS, Life insurance companies invest $253 billion in the
economy of this Commonwealth; and
WHEREAS, The 448 life insurance companies licensed to do
business in this Commonwealth are responsible for generating
approximately 139,000 jobs; and
WHEREAS, Despite the importance individuals place on life
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insurance and the peace of mind it brings to millions of
Pennsylvania families, there are still too many Pennsylvanians
who lack adequate coverage; and
WHEREAS, The reality is that an estimated one in five
Pennsylvania residents are under 18 years of age and typically
financially dependent on a loved one or caregiver; and
WHEREAS, More than 100 million individuals do not have life
insurance and many more lack adequate coverage to handle the
loss in the family; and
WHEREAS, During times like these when so many families
continue to struggle, life insurance coverage is more important
than ever because individuals have fewer financial resources to
fall back on, increasing their financial vulnerability; and
WHEREAS, The American Council of Life Insurers, the Insurance
Federation of Pennsylvania and the Pennsylvania chapter of the
National Association of Insurance and Financial Advisors seek to
raise awareness on the importance of access to affordable
financial protection products; therefore be it
RESOLVED, That the Senate designate the month of September
2025 as "Life Insurance Awareness Month" in Pennsylvania; and be
it further
RESOLVED, That the Senate urge residents of this Commonwealth
to learn more about life insurance and its benefits.
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