"I believe members of Congress should do what other Americans do, purchase their own life insurance," Posey said. "And with so many Americans struggling to make ends meet — mostly because of bad policy coming out of Washington — this taxpayer funded 'gratuity' just adds more insult to injury. It's no wonder Americans have such a low opinion of Congress."

Another co-sponsor, Rep. Virginia FoxxVirginia Ann FoxxGOP bill scraps voter registration requirements for colleges GOP looks to scrap Obama-era rule on college credit hours Veterinarians need loan forgiveness program MORE (R-N.C.), said if members of Congress want to provide for their families, they will "need to look somewhere other than this taxpayer-funded perk."

The salary for rank-and-file members of the House is $174,000, but those in leadership positions earn more; House Speaker John BoehnerJohn Andrew BoehnerGOP sees omens of a Dem wave in Wisconsin Dems face hard choice for State of the Union response Even some conservatives seem open to return to earmarks MORE (R-Ohio) is paid $223,500 a year.

Members of the Senate are paid on a similar scale, although Senate Majority Leader Harry ReidHarry Mason ReidDems search for winning playbook Dems face hard choice for State of the Union response The Memo: Immigration battle tests activists’ muscle MORE (D-Nev.) is paid $193,400 a year — less than BoehnerJohn Andrew BoehnerGOP sees omens of a Dem wave in Wisconsin Dems face hard choice for State of the Union response Even some conservatives seem open to return to earmarks MORE.