Representative Zach Nunn (R-IA) and Representative Brittany Pettersen (D-CO) have introduced a bipartisan resolution officially recognizing June as National Annuity Awareness Month in the House of Representatives. The measure highlights the vital role annuities play in helping Americans achieve retirement security and financial independence.

“Annuities offer hardworking Iowans a reliable way to protect their retirement and maintain financial independence,” said Rep. Nunn. “By recognizing June as National Annuity Awareness Month, we are helping more Americans understand their options and make informed financial decisions that support long-term stability.”

Nearly 90 million U.S. households depend on life insurance and annuity benefits. In 2023 alone, $104.1 billion in annuity payouts were made, helping families and retirees enjoy greater retirement confidence and the ability to pursue their financial goals.

“Annuities provide a unique combination of protection, growth and predictable lifetime income,” said NAFA CEO Chuck DiVencenzo. “We’re immensely grateful to Rep. Nunn (R-IA) and Rep. Pettersen (D-CO) for recognizing the importance of declaring June as National Annuity Awareness Month and co-sponsoring this resolution. We believe that passage of a resolution will be integral to helping increase education and awareness about the value annuities can play in accumulation, income and legacy planning.”

The resolution encourages more Americans to explore annuity options and seek professional financial guidance.

Read the full resolution here.