[A version of this article appeared on LinkedIn] Our country faces a pivotal moment to address systemic injustices faced by African Americans that lead to economic disparities. Last month, I was invited by the U.S. Chamber of Commerce to represent the American Council of Life Insurers (ACLI) on a national steering committee to help develop an … Continue reading "Closing America’s Opportunity Gaps"
With all the turbulence and strife in recent months, we sure could use some soothing news. Cue up the Securities and Exchange Commission and its Regulation Best Interest (Reg BI). Reg BI takes effect tomorrow. Together with the National Association of Insurance Commissioners’ (NAIC) revised Suitability in Annuity Transactions Model Regulation, Reg BI will ensure financial professionals … Continue reading "Protecting Access for All Savers"
The volatility of the COVID-19 economy and its impact on the finances of millions of Americans has underscored the growing societal need for financial security. At the same time, the recent economic disruption has created budgetary shortfalls in many states, prompting lawmakers to consider new ways to cut expenses and raise revenues. Some of these … Continue reading "Colorado: Doing What’s Right For Retirement Savers"
[A version of this appeared in Morning Consult] Late last year, who could have predicted the financial upheaval we now face? No one. The uncertainties created by the COVID-19 economy have exposed a growing societal need for financial protection and security. Addressing these needs will be vitally important as our nation moves forward. A series … Continue reading "Action Items for Increasing Financial Security"
This year has exposed vulnerabilities throughout America like no other. The uncertainties of the COVID-19 economy and its impact on vulnerable communities has highlighted the growing societal need for financial protection. That is why we are so concerned with HB20-1420, a bill under consideration by the Colorado legislature that would impose new taxes on consumers … Continue reading "Colorado Tax Proposal: Unfair and Unwise"
[Joining Susan on this message are George Nichols III, President and CEO, American College of Financial Services; Marc Cadin, CEO, AALU/GAMA; Kevin Mayeux, CEO, National Association of Insurance and Financial Advisors; and David Levenson, President and CEO, LIMRA, LOMA and LL Global.] The life insurance community grieves with the nation over the racial injustice, brutality … Continue reading "Life Insurance Community Denounces Racial Injustice"
COVID-19 has raised some of the greatest underwriting challenges for the life insurance industry since World War II, as was reported in a May 10 Wall Street Journal story Some Americans Are Being Turned Away Trying to Buy Life Insurance. It follows that the industry making financial guarantees that can last for decades to deliver benefits … Continue reading "Making Financial Protection Available in COVID-19"