A big part of the working capital that helps Rhode Island open its doors, invest in new projects and grow its workforce comes from long-term investments by life insurers. Our companies have invested $18 billion in Rhode Island’s economy with mortgage loans, bond purchases for affordable housing and financing for education. We are here to strengthen communities and businesses across the Ocean State.

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  • $18 billion invested in Rhode Island’s economy 
  • $15 billion in stocks and bonds that help finance business development and create new jobs
  • $466 million in mortgage loans on farms, residential, and commercial property
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Investing in Education
Life insurers have invested more than $41 million in bonds for education, including a $10 million investment in the Rhode Island Student Loan Authority. RISLA is a non-profit, quasi-state authority that has been providing affordable higher education solutions since 1981.

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Investing in Apartment/ Multifamily
The industry has invested $172 million in mortgage loans for apartments and multi-family units across the state, helping more individuals and families call Rhode Island “home.”

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Investing in Residential
More than $83 million in financing for residential homes in the Providence and Warwick metropolitan areas has come from life insurers.

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Investing in Affordable Housing
Life insurers have invested $106 million in bonds for affordable housing, mainly with the Rhode Island Housing and Mortgage Finance Corporation, which helps low and moderate-income residents own homes by offering low interest mortgages.

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Investing in Infrastructure
Life insurers have invested nearly $62 million in transportation and utilities through purchases of bonds issued by the state's Turnpike and Bridge Authority, the Narragansett Bay Commission and the Rhode Island Infrastructure Bank, among other agencies.

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Investing in Retail
By providing $117 million in retail mortgage loans, life insurers play a role in boosting employment in Rhode Island. The National Retail Federation says that 25 percent of jobs are supported by the retail industry in the state.

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#MeetingTheMoment

Life insurance companies plan ahead. Not just to deliver for our policyholders. But to help our communities in times of need. We are #MeetingTheMoment.