ACLI President and CEO Dirk Kempthorne issued the following statement on the launch of the Alliance for Lifetime Income initiative to help consumers and financial advisors better understand the vital role annuities can play in helping people obtain financial security in retirement:

Washington, D.C. (June 14, 2018) – “The American Council of Life Insurers (ACLI) strongly supports the Alliance for Lifetime Income and its efforts to educate consumers and financial advisors about protected monthly income. This message is vital: protected lifetime income solutions can fill the gap between Social Security income and the money people need to truly achieve their retirement goals. The Alliance adds a strong voice to help Americans protect their retirement.”

The American Council of Life Insurers (ACLI) advocates on behalf of approximately 290 member companies dedicated to providing products and services that contribute to consumers’ financial and retirement security. ACLI members represent 95 percent of industry assets, 93 percent of life insurance premiums, and 98 percent of annuity considerations. Our members offer life insurance, annuities, retirement plans, long-term care insurance, disability income insurance, reinsurance, dental and vision and other supplemental benefits. American families rely on these products for protection, long-term savings and a guarantee of lifetime income when it’s time to retire.  

To learn more, visit acli.com and our blog, ACLI Perspectives, at acli.com/perspectives.

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