Look What’s Coming

Happy New Year!

2024 promises to be memorable on many levels. A total solar eclipse will envelop part of North America on April 8. The Summer Olympics begin on July 26 in Paris. And Americans will enter the voting booth on November 5 to decide local, state and congressional races … and our next president. 

There is so much to look forward to later this year. But there is also no time to wait. Many pressing issues need to be addressed right away, including several that could affect the economic well-being of millions of Americans.

It is vital that:

• The Department of Labor’s fiduciary-only proposal is withdrawn so that low- and moderate-income savers retain access to savings opportunities and retirement income solutions they want and need including from annuities, the only financial product in the marketplace that can provide guaranteed income for life like a pension.

• The Biden administration’s Tri-agency proposal doesn’t restrict the availability of supplemental benefit policies, which help people handle unexpected medical expenses not covered by health insurance.
  
• Employer-based paid leave programs form the foundation for new bipartisan efforts to provide more Americans with paid leave coverage.
  
• Affordable financial protection products that help American families stay in their homes and pay for education in addition to providing crucial support for small business owners remain accessible.
  
• Favorable conditions continue so life insurers can maintain and expand their robust investments in America’s economy. Life insurers invest $587 million every day across the nation, helping businesses and communities thrive and expand their workforce.

Last week the Census Bureau estimated that nearly 336 million people live in the United States. While no one can predict the future with 100% accuracy, America’s life insurers make certain that everyone can prepare for it. We look forward to working constructively with policymakers on bipartisan initiatives that will help Americans achieve financial certainty.