Tuesday, January 31, 2017

Reps. Tiberi, Neal Receive Financial Security And Life Insurance Champion Award

Washington, D.C. (January 31, 2017) – American Council of Life Insurers (ACLI) President and CEO Governor Dirk Kempthorne presented the 2016 Financial Security & Life Insurance Champion Awards to Representatives Pat Tiberi (R-OH) and Richard E. Neal (D-MA) today.


Representatives Tiberi and Neal co-chair the House Financial Security & Life Insurance Caucus. Founded in 2015, the caucus is dedicated to raising awareness of the need for public policies that promote lifetime financial security. During the 114th Congress, 110 bipartisan members of the House and Senate joined the caucus.


“Representative Pat Tiberi and Representative Richard Neal understand the importance of planning financially for the long term. Their leadership of the caucus and dedication to public policies that help individuals and families maintain financial independence and dignity throughout their lives has earned them the Financial Security & Life Insurance Award,” said Governor Kempthorne.


“We must ensure that people have the incentives they need to save for retirement and be prepared for the future,” said Representative Tiberi. “That is why I am advocating for solutions that help Americans keep more of their hard-earned dollars. It is an honor to receive this award alongside my friend Richard Neal, and I thank him for his leadership as our ranking member on the Ways and Means Committee.”


“Pat Tiberi and I have worked together in a bipartisan effort to make retirement savings one of our top legislative priorities. We both want to see more low and middle-income Americans enjoying comfortable and satisfying golden years. I am pleased that ACLI has acknowledged our efforts, and I am delighted to receive this important award,” said Representative Neal.


“Policymakers today face a daunting demographic challenge,” said Governor Kempthorne. “Every day between now and the year 2030, 10,000 people will reach age 65. On average those who reach age 65 will live nearly 20 more years. This increased longevity is placing financial strains on public safety nets. Policymakers need to work with the private sector to find ways to reduce those stresses.


“Working with life insurers, the caucus seeks public policy solutions that address these challenges by encouraging Americans to save more, plan ahead and protect their financial and retirement security.”

The awards were presented on behalf of Americans to Protect Family Security, a partnership of America’s financial advisors, life insurance agents, and life insurance companies that is dedicated to educating policymakers about the role life insurers’ products play in the financial lives of 75 million American families. Coalition members include ACLI, Association for Advanced Life Underwriting (AALU), GAMA International, Insured Retirement Institute (IRI), National African American Insurance Association (NAAIA), National Association for Fixed Annuities (NAFA), National Association of Independent Life Brokerage Agencies (NAILBA), National Association of Insurance and Financial Advisors (NAIFA) and Women in Insurance & Financial Services (WIFS).


The American Council of Life Insurers (ACLI) is a Washington, D.C.-based trade association with approximately 290 member companies operating in the United States and abroad. ACLI advocates in state, federal, and international forums for public policy that supports the industry marketplace and the 75 million American families that rely on life insurers’ products for financial and retirement security. ACLI members offer life insurance, annuities, retirement plans, long-term care and disability income insurance, and reinsurance, representing 94 percent of industry assets, 93 percent of life insurance premiums, and 97 percent of annuity considerations in the United States. Learn more at www.acli.com.

Date Posted: January 31, 2017
Document ID: NR17-005
Contact: Whit Cornman, 202-624-2442