The COVID-19 pandemic reaffirmed the value of life insurance. America’s life insurers delivered a record $282.3 billion in life insurance benefits between 2020-2022 to families when they needed it most. And the number of new policies spiked to levels not seen in decades.
Still, only 52% of Americans have life insurance, and less than 1 in 3 Gen Z and millennial parents feel very knowledgeable about life insurance. I recently discussed how our industry is addressing these challenges with ACLI Chairman Paul Quaranto, the chairman, CEO and president of Boston Mutual in a Kitchen Table Conversation hosted by Protecting Every Future.
You can see our entire conversation here.
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.
