[Life Insurance 101 Series: This series features IMPACT posts that detail the breadth of the industry’s reach and benefits provided to consumers.] Reinsurance is a risk management tool used by life insurers to spread risk and manage capital. With reinsurance, a life insurer transfers some of its insurance risk to another insurer. In effect, reinsurance … Continue reading "What is reinsurance?"
[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"
Texas is one of the largest insurance markets in the world and is the second most populous state in the United States. Each day, life insurers pay out $96.4 million in life insurance and annuities benefits to Texas families and businesses. The life insurance industry also provides good jobs and long-term investment capital that spurs economic … Continue reading "Texas: Leading the Way for Insurance Consumers During COVID-19"
[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"
[Life Insurance Spotlight: This series showcases famous people and their little-known connections to the life insurance industry] Private disability income insurance (DI) is the most common form of income protection for workers, allowing millions of Americans to maintain their income if a medical condition keeps them out of the workplace. DI coverage offered by life … Continue reading "Babe Ruth and Disability Income Insurance?"
Our industry’s agents are there for American families when they need it most, and a national pandemic is no different. This week, ACLI is proud to join National Association of Insurance and Financial Advisors (NAIFA) agents as they come together virtually for Impact week. They are discussing ways COVID-19 has impacted Main Street America, and … Continue reading "NAIFA Agents: Meeting The Moment For America"