As Congress searches for paid leave solutions that support workers who need a leave of absence, there’s an opportunity for a partnership between the private and public sectors. What’s essential is the ability for employers to provide coverage through private short-term disability income insurance or other private market tools. Whether it’s childbirth, adoption, a family … Continue reading "Paid Leave Solutions for Workers"
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? Yes!"
[Life Insurance 101 Series: This series features IMPACT posts that detail the breadth of the industry’s reach and benefits provided to consumers.] May is Disability Insurance Awareness Month. It’s a reminder even in typical economic times that we should all think about the “what if” of having a temporary or permanent illness or injury that … Continue reading "Paycheck Protection Through Disability Income Insurance"
[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?"
According to the U.S. Department of Health and Human Services, 7 out of 10 people turning age 65 will need some type of long-term care service. Unfortunately, most people underestimate the likelihood of this need, and its potential cost. With an average length of care of three years, and an average annual cost between $50,000 … Continue reading "Hybrid Long-Term Care Policies: Meeting Consumers’ Needs Today and in the Future"
The American Council of Life Insurers (ACLI) commends House Ways and Means Committee Chairman Richie Neal (D-MA) and Ranking Member Kevin Brady (R-TX) for convening a hearing today on paid family and medical leave (PFML) benefits. Read our statement for the record for today’s hearing here. This topic is of vital importance to millions of … Continue reading "Solutions for Paid Family and Medical Leave"
InvestmentNews labeled Sen. Pat Toomey’s proposal to allow American consumers limited access to retirement savings to cover long-term care as one (among other) “ideas to raid retirement savings.” I don’t see it that way. Long-term care insurance covers caregiving costs due to an inability to perform activities of daily living or cognitive loss. Most Americans … Continue reading "Don’t Criticize Good Ideas to Ensure Retirement Security!"