Bill > SR159

This resolution designates September 2025 as "Life Insurance Awareness Month" in Pennsylvania, highlighting the critical role of life insurance in providing financial security for families. The resolution notes that over 6 million Pennsylvania residents have life insurance coverage, with an average benefit of $148,000, and that the life insurance industry in the state paid $11.7 billion to beneficiaries in 2024. The document emphasizes that despite the importance of life insurance, many Pennsylvanians lack adequate coverage, with more than 100 million individuals nationwide having no life insurance. The resolution points out that 448 life insurance companies licensed in Pennsylvania generate approximately 139,000 jobs and invest $253 billion in the state's economy. By designating this awareness month, the Senate aims to encourage residents to learn more about life insurance and its benefits, particularly in times of financial vulnerability, with support from organizations like the American Council of Life Insurers and the Insurance Federation of Pennsylvania.

Government Affairs

https://www.palegis.us/legislation/bills/2025/sr159