There is no doubt that the COVID-19 crisis is posing serious challenges to small employer retirement plans and the ability of workers to save for the long term. Expanding access to workplace retirement plans – especially at small businesses – will be crucial as Americans strive to meet the savings challenge during and after this … Continue reading "COVID-19 and Retirement Savings: New Challenges for Small Employers"
During the COVID-19 pandemic, health and financial security concerns have been front and center. And America’s life insurance companies have stepped up. From the earliest days of the crisis, life insurers have been providing invaluable support, paying out $2.1 billion every day, amplifying the $2.7 billion a day paid by Social Security. To keep the … Continue reading "Life Insurers Invest for America’s Future"
For more than 175 years the life insurance industry has been a source of stability and strength to the American economy. When America needs investment capital, life insurers are there. And we’re here during COVID for American families and business. With $6.3 trillion in investments, life insurers contribute crucial long-term capital that fuels growth and … Continue reading "Life Insurers Invest in American Families and Businesses"
COVID-19 has challenged the entire world, including retirees and those approaching retirement. People age 55 and over are more likely to fall ill from COVID and much more likely to die from it. They are also more likely to suffer financially. Since February, 2.5 million older Americans (age 55+) became unemployed. An additional 1.9 million left … Continue reading "COVID-19, Unemployment, and Ultra-Low Interest Rates Challenge Older Americans"
America’s life insurance companies have been #MeetingTheMoment for our nation since the COVID-19 pandemic hit our shores. From the earliest days of the crisis, life insurers have been providing invaluable support to their customers, their employees and their communities. Industry leaders are supporting government officials by listening to needs, organizing action, and showing compassion. At the … Continue reading "Life Insurers Meeting The Moment With Investment Capital"
The volatility of the COVID-19 economy and its impact on the finances of millions of Americans has underscored the growing societal need for financial security. At the same time, the recent economic disruption has created budgetary shortfalls in many states, prompting lawmakers to consider new ways to cut expenses and raise revenues. Some of these … Continue reading "Colorado: Doing What’s Right For Retirement Savers"
[A version of this appeared in Morning Consult] Late last year, who could have predicted the financial upheaval we now face? No one. The uncertainties created by the COVID-19 economy have exposed a growing societal need for financial protection and security. Addressing these needs will be vitally important as our nation moves forward. A series … Continue reading "Action Items for Increasing Financial Security"