WHEREAS, life insurance is an essential part of a sound financial plan;
WHEREAS, life insurance provides financial security for families in the event of a premature death by helping surviving family members to meet innediate and longterm financial obligations and objectives;
WHEREAS, nearly 50 million Americans sayt they lack the life insurance coverage needed to ensure a secure financial future for their locaed ones;
WHEREAS, recent studies have found that when a premature death occurs, insufficient life insurance coverage on the part of the insured results in three-fourths of surviving family members having to take measures such as work additional jobs or longer hours, borrow money, withdraw money from savings and investment accounts, and , in too many cases, move to smaller, less expensive housing;
WHEREAS, individuals, families and businesses can benefit greatly from professional insurance and financial planning advice, including the assessment of their life insurance needs;
WHEREAS, the Life and Health Insurance Foundation for Education (LIFE), the National Association of Insurance and Financial Advisors (NAIFA) and a coalition representing hundreds of leading life insurance companies and oraganizations have designated September 2004 as LIFE INSURANCE AWARENESS MONTH, whose goal is to make consumers more aware of their life insurance needs, seek professional advice, and take the actions necessary to achieve the financial security of their loved ones;
NOW, THEREFORE, BE IT RESOVED THAT: I, William D. Gorman, Mayor of the City of Hazard, do here by proclaim September 2004 as LIFE INSURANCE AWARENESS MONTH in Kentucky and do urge our citizens to learn more about life insurance and its benefits.
IN WITNESS THEREOF, I hereunto set my hand and cause the seal of the City of Hazard to be affixed this 31st day of August in the year two thousand and four.