Sensible Advertising and Family Education Act - Declares it to be an unfair or deceptive act or practice under the Federal Trade Commission Act to advertise or cause to be advertised through magazines, newspapers, brochures, promotional displays, or radio or television broadcasting (including cable broadcasting) any alcoholic beverage unless the advertising includes one of specified health warnings.

Makes the Federal Trade Commission responsible for establishing and maintaining toll free numbers for assistance referred to in some of the warnings.

Sets forth requirements for the warnings, including rotating among the warnings.