American Council of Life Insurers (ACLI) Applauds Introduction of Secure Family Futures Act

WASHINGTON - American Council of Life Insurers (ACLI) President and CEO David Chavern issued the following statement today on the Secure Family Futures Act introduced today by Rep. Randy Feenstra (R-IA):

"Life insurers protect families and help fuel the American economy, investing $8 trillion in businesses, infrastructure, job creation and more that put life into communities nationwide. These investments secure life insurers' financial guarantees while providing essential capital that keeps America thriving. At the same time, the returns help make life insurance more affordable and accessible."

"Rep. Feenstra's bill supports these important societal needs and will greatly benefit people in Iowa and across the country. It makes crucial updates to the tax treatment of life insurers' bond investments that will drive more economic growth and help more Americans and businesses secure their financial futures."

Read the press release from Rep. Feenstra here.

The American Council of Life Insurers is the leading trade association driving public policy and advocacy on behalf of the life insurance industry. 90 million American families rely on the life insurance industry for financial protection and retirement security. ACLI's member companies are dedicated to protecting consumers' financial wellbeing through life insurance, annuities, retirement plans, long-term care insurance, disability income insurance, reinsurance, and dental, vision and other supplemental benefits. ACLI's 275 member companies represent 93 percent of industry assets in the United States.

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American Council of Life Insurers | 101 Constitution Ave, NW, Suite 700 | Washington, DC 20001-2133