Danny Davis: “Mr. Speaker, studies have found that when an unexpected death occurs, insufficient life insurance coverage can cause…”

“Mr. Speaker, studies have found that when an unexpected death occurs, insufficient life insurance coverage can cause significant economic hardship for the loved ones left behind. The lack of sufficient coverage drives many family members of the deceased to work additional jobs, borrow money, prematurely withdraw money from savings and investment accounts, and in many cases to move to less desirable housing. It is estimated that 68 million Americans say they lack the life insurance coverage needed to ensure a secure financial future for their loved ones. I support the goals and ideals of National Life Insurance Awareness Month because it will make people more aware of their insurance needs and motivate them to seek information about obtaining life insurance. So, Mr. Speaker, I commend my colleague, Representative Judy Biggert, for introducing this legislation and urge its swift passage.”