HARRISBURG – A resolution designating October as Life Insurance Awareness Month in Pennsylvania, sponsored by Rep. Tina Pickett (R-Bradford/Sullivan/Susquehanna), was unanimously adopted by the House of Representatives today.
As chair of the House Insurance Committee, Pickett’s hope is that House Resolution 563
helps state residents understand the importance of investing in a life insurance policy.
“During Life Insurance Awareness Month, the House of Representatives encourages Pennsylvania consumers to think about their need for life insurance protection, seek advice from a qualified insurance professional and take the actions necessary to achieve a financially secure future for their loved ones,” said Pickett.
According to the American Council of Life Insurers, Pennsylvania residents have $1.3 trillion dollars in total life insurance coverage, and in 2017, $4.6 billion dollars was paid to beneficiaries, providing a tremendous source of financial relief and security to families that experienced the loss of a loved one.
But despite those numbers, there are still too many residents who lack adequate life insurance coverage. One recent study found that 30% of U.S. households have no life insurance whatsoever, leaving a significant portion of the population without a financial safety net.
Life Insurance Awareness Month was started 10 years ago on the federal level to educate Americans about the importance of long-term financial planning and encourage them to take stock of their life insurance needs.
Representative Tina Pickett
110th Legislative District
Pennsylvania House of Representatives
Media Contact: Andy Briggs