Delaware Does it Right

Retirement security has been an elusive goal for many Americans. The economic slowdown prompted by COVID-19 hasn’t made things any easier. Fortunately, there is support for Americans on the horizon. And it’s emerging from states like Delaware. This week, Delaware Insurance Commissioner Trinidad Navarro proposed a rule that would ensure that American savers retain access … Continue reading “Delaware Does it Right”

Close the Racial Wealth Gap

As part of our Economic Empowerment and Racial Equity Initiative, the American Council of Life Insurers is acting on a plan to achieve greater economic empowerment in financially underserved communities and bridge racial and socioeconomic divides across the country. In particular, we want to ensure that all Americans – no matter who they are or … Continue reading “Close the Racial Wealth Gap”

Retirement Savings Help for Student Loan Borrowers

It’s no secret that young Americans are managing an unprecedented amount of student loan debt. According to the Institute for College Access and Success, 45 million borrowers owe nearly $1.6 trillion in student loan debt, a 2 percent increase over last year. What is more concerning, however, is that this debt greatly impacts important financial … Continue reading “Retirement Savings Help for Student Loan Borrowers”

Promises Kept for American Families, Economy

When a customer purchases a life insurance policy, the life insurer vows that it will honor its commitment to the policyholder and pay the beneficiary of the policy.  That payment could happen next month.  Or next year.  Or even next century. It doesn’t matter. Just as they’ve done for more than 175 years, America’s life … Continue reading “Promises Kept for American Families, Economy”

This Bill Would Help Americans Save For Retirement

Last year’s SECURE Act paved the way for greater access to workplace savings plans. Now, Congress is focusing on ways to increase how much Americans save.  Ways and Means Chairman Richard Neal and Ranking Member Kevin Brady have introduced the Securing a Strong Retirement Act of 2020 or SSRA. The bill is focused on increased … Continue reading “This Bill Would Help Americans Save For Retirement”