Many of us celebrated Mother’s Day recently. We were reminded of the love that mothers have had since day one of their children’s lives. Motherhood, pregnancy, and childbirth remain a constant – even during the COVID-19 pandemic. Paid maternity leave during COVID-19? Yes! It is happening now. Many mothers who have had to take time from work to … Continue reading "Paid Maternity Leave During COVID-19 Pandemic? Yes!"
[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"
[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"
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"
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’"
Life insurers are best known for helping families build a financial safety net that protects them through all stages of life. Helping people take care of the things that matter most is the most critical mission for members of the American Council of Life Insurers (ACLI). But ACLI members also make key contributions to society … Continue reading "Investments in Infrastructure: Win-Win-Win"
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"