America’s life insurance industry believes that all families should have an equal opportunity to build a financial safety net that protects them through all stages of life.
That is why we are pushing back aggressively against a Department of Labor fiduciary-only proposal that would restrict middle-income savers’ access to annuities, preventing many American families from the financial certainty that comes from guaranteed lifetime income.
The DOL’s proposed fiduciary-only package should be withdrawn immediately. Here are eight reasons why.
Susan K. Neely was President and CEO of the American Council of Life Insurers (ACLI), the nation’s leading trade association determined to help families live better lives by achieving financial security and certainty. As president and CEO, Neely drove public policy and advocacy on behalf of ACLI’s member companies that represent 93 percent of industry assets and serve 90 million families. She is CEO Emeritus through December, 2024.
