The economic downturn triggered by the COVID-19 pandemic has impacted millions of Americans. It has also illuminated the strain on caregivers, especially women. Women have long shouldered an unequal burden of child-care responsibilities, and that trend has intensified during the pandemic. Women have also been disproportionately affected by job losses due to COVID-19, with mothers of … Continue reading "What Can Be Done For Caregivers’ Retirement Security During COVID-19?"
In today’s “get it done, what comes next” hyperspeed world, it’s not easy to find time for reflection. But from time to time we need to pause, gather our thoughts and ensure we’re headed in the right direction. Because of the coronavirus pandemic, ACLI just conducted its first-ever virtual annual conference. And after two days … Continue reading "The Road to Economic Empowerment and Racial Equity"
Life insurers’ most critical mission is helping people take care of those they love. Our mission has never been more important. Our nation is grappling with three vexing and overlapping societal crises: the COVID-19 pandemic, a severe economic downturn and systemic racial inequality. Fully recognizing the magnitude of this moment in history, life insurers are doubling … Continue reading "Financial Security for Underserved Communities"
The economic slowdown prompted by the COVID-19 pandemic has affected millions of Americans. It has also intensified the importance of finding solutions to the retirement savings gap faced by so many Americans. One-third reaching retirement age have $25,000 or less saved. Last year, the U.S. Congress took an important step forward by passing the SECURE … Continue reading "COVID-19 Magnifies Retirement Savings Gap, Emphasizes Need to Act"
The COVID-19 pandemic and the resulting economic slowdown have been devastating for America. More than 6.3 million Americans have been diagnosed with COVID-19 and more than 190,000 have died. At the same time, 50 million Americans have filed for unemployment this year and nearly 47% have been unemployed for more than 15 weeks. AFLAC’s 10th annual Workforces Report reinforces … Continue reading "Easing the Burden of Uncovered Medical Expenses During COVID-19"
Last month in New York City, I saw a wonderful new sculpture of Sojourner Truth, Susan B. Anthony and Elizabeth Cady Stanton honoring the 100th anniversary of women’s suffrage. New York Life was a major donor for the statue. That’s fitting because Anthony used the cash value of her New York Life insurance policy … Continue reading "Whenever America Needs Us, Life Insurers Are There"
Today marks the official kickoff for Life Insurance Awareness Month. But as our colleagues at Life Happens wisely note, the need to increase awareness about life insurance began long before September 1 and must extend well beyond September 30. Conversations about life insurance are just too important to confine to one month. Now more than … Continue reading "The Time For Life Insurance Awareness Is Now"