[A version of this article appeared on LinkedIn] It’s not surprising that we in the life insurance industry think a lot about financial security. But this week, as I gear up to speak at two events regarding women and financial security, I’ve been reviewing some surprising numbers about women, money, and confidence. Women have made … Continue reading "Women Are Controlling the Purse Strings—So Why Aren’t They Confident?"
What is your savings worth? Saving for retirement may seem simple: put money aside for later. Yet, how do you know you are on track? 401(k) benefit statements provide plan participants with their current account balance. According to Fidelity Investments, the average 401(k) balance at the end of 2019 was $112,300. For many, that may … Continue reading "SECURE Act Will Give Retirement Savers a Better Way to Gauge Their 401(k) Accounts"
[Life Insurance Spotlight: This series showcases famous people and their little-known connections to the life insurance industry] Every Feb. 11, there’s a birthday party in Thomas Edison’s honor at his winter home in Fort Myers, Fla. It’s no wonder that Edison’s birthday is still celebrated 173 years after he was born. After all, he was … Continue reading "It’s No Shock that Thomas Edison Had Life Insurance"
The ACLI Capital Challenge has been rescheduled to September 24 due to public health concerns caused by the COVID-19 outbreak. For more details, please click here. Three months from tomorrow, the 2020 election will take a backseat to another political race – one that is more crowded, but also more collegial. Make no mistake – the competition … Continue reading "ACLI Capital Challenge: A Fierce Race With Many Winners, Especially Financial Literacy"
Today, the American Council of Life Insurers (ACLI) was proud to host the Council for Economic Education (CEE) as the group released its biennial Survey of the States report on financial education. Fortunately, this year’s report shows that after years of stalled progress, more high schools across America are requiring economics and personal finance classes to graduate. … Continue reading "Lifting All Boats Through Financial Education"
[Life Insurance 101 Series: This series features IMPACT posts that detail the breadth of the industry’s reach and benefits provided to consumers.] When consumers purchase a life insurance policy, their main concern is how it will protect their family’s financial future. People buy life insurance for the peace of mind that comes with knowing their … Continue reading "Life Insurance Protections Most People Don’t Know About"
Life insurers’ most critical mission is helping people take care of the things that matter most, whether they are in North America, Africa, Europe, Latin America or Asia. We do this by providing risk protection and financial security products that empower individuals to protect themselves and their families. Numerous American Council of Life Insurers (ACLI) member … Continue reading "China Trade Deal Supports Innovation and Growth"