Investments in Bonds Help Life Insurers Meet Commitments to Customers

[Life Insurance 101 Series: This series features IMPACT posts that detail the breadth of the industry’s reach and benefits provided to consumers.] The life insurance industry has $6.3 trillion invested in the U.S. economy, making it one of the largest sources of investment capital in the nation. To help wrap your head around that, $1 … Continue reading "Investments in Bonds Help Life Insurers Meet Commitments to Customers"

Investments in Mortgages Support Life Insurers’ Guarantees

[Life Insurance 101 Series: This series features IMPACT posts that detail the breadth of the industry’s reach and benefits provided to consumers.] Life insurers are a bedrock of the American economy, providing employment for American workers and investment capital for U.S. businesses. But did you know that life insurers also make hundreds of billions of … Continue reading "Investments in Mortgages Support Life Insurers’ Guarantees"

Laying the Groundwork for Upgrading America’s Infrastructure

This week, the House Ways and Means Committee held a hearing to discuss paying for upgrades to our national infrastructure. The American Council of Life Insurers (ACLI) applauds Committee Chairman Richie Neal (D-MA) and Ranking Member Kevin Brady (R-TX) for focusing on this subject, and you can find our statement for the record for this week’s hearing here. You might … Continue reading "Laying the Groundwork for Upgrading America’s Infrastructure"

Impact, with a Capital ‘I’

Socially responsible investing is a hot topic among sophisticated investors. An investment team led by life insurers – IMPACT Community Capital (IMPACT) – is tackling one of the toughest social challenges in our country: the shortage of affordable housing for low-income workers and families. IMPACT was founded in 1998 by leading insurance companies for the … Continue reading "Impact, with a Capital ‘I’"

Fed Alternative to LIBOR Benefits Insurers, Consumers

Do you remember how global banks manipulated the London interbank offered rate (LIBOR) — an international benchmark interest rate — during the 2007-09 financial crisis? If that doesn’t ring a bell, don’t worry. Plenty of insurance industry advocates remember it well. Life insurers hedge interest rate risks on their investments in certain bonds that reference … Continue reading "Fed Alternative to LIBOR Benefits Insurers, Consumers"