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"

California Communities Gain from Partnership with Life Insurers

California often leads the way on government policy. Socially responsible investing is one example. During the recession of the early 1990s, California regulators proposed a community reinvestment mandate for insurers, similar to one imposed on banks by the federal government. The investments would target underserved urban and rural areas of the state. Local insurers supported … Continue reading "California Communities Gain from Partnership with Life Insurers"