Public Policy


ACLI promotes sound public policy on issues important to the life insurance industry. Issues dominating ACLI’s advocacy agenda include retirement security, taxes, trade and financial services regulatory reform.

Financial security is our core business, and retirement security for all Americans is a critical mission. ACLI advocates on behalf of 280 member companies dedicated to providing products and services that contribute to consumers’ financial and retirement security. 90 million American families depend on our members for life insurance, annuities, retirement plans, long-term care insurance, disability income insurance, reinsurance, dental and vision and other supplemental benefits. ACLI represents member companies in state, federal and international forums for public policy that supports the industry marketplace and the families that rely on life insurers’ products for peace of mind. ACLI members represent 95 percent of industry assets in the United States. Public policy positions are developed through ACLI’s comprehensive, member-based committee system.

Public Policy Issues

Best Interest Standard: Life insurance companies and the financial professionals who distribute their products are committed to a uniform, harmonized best interest standard of care for annuity and securities transactions across all state and federal regulatory platforms for financial services firms and financial professionals. [Read more.] 

Captive Insurance Companies: Life insurers may establish captive reinsurers to manage risks effectively. [Read more.]

Capital Standards: ACLI urges communication among regulators and the utilization of existing regulatory tools in any measurement of life insurer capital, notably insurance RBC standards. [Read more.]

Cybersecurity & Privacy: Federal and state privacy laws provide a rigorous regulatory framework that enhances life insurers’ commitment to protecting the confidentiality, as well as the security, of customers’ personal information. [Read more.]

Diversity & Inclusion: Promoting a diverse and inclusive workforce that reflects the communities they serve is essential to life insurers' core mission of providing solutions that protect the financial and retirement security of all Americans. [Read more.] 

Employee Benefits: Life insurers are the leading providers of products and services for employer-sponsored benefit packages. [Read more.]

FSOC Reform: FSOC’s authority to designate non-bank financial companies as systemically significant should be repealed. [Read more]

International Trade: International business operations are important to the success of many U.S. life insurers today and will continue to be as the global business environment evolves. [Read more.]

Pension De-risking: Today, many companies—both large and small—are struggling to meet the growing demands of defined benefit/pension plan obligations. [Read more.]

Retirement Plans: Life insurers are among the leading providers of products and services to defined benefit and defined contribution plans. [Read more.]

Supplemental Benefits: Supplemental benefit products, provided through employers or offered on an individual basis, are key to the financial security of many families across the nation. [Read more.]

Taxes: The current tax treatment of life insurance and annuities has encouraged generations of Americans to protect their financial futures. [Read more.]

Recent Public Policy Activity

ACLI commends U.S. Chamber of Commerce report highlighting insurers' positive impact on U.S. economy, 03/05/2019

ACLI endorses reintroduced Retirement Enhancement and Savings Act, 02/06/2019

ACLI statement on U.S./U.K. covered agreement, 12/12/2018 

ACLI letter of support for the Receiving Electronic Statements to Improve Retiree Earnings (RETIRE) Act, 05/31/2018 

ACLI and other trades' letter of support for H.R. 3746, the Business of Insurance Regulatory Reform Act of 2017, 01/17/2018 

ACLI commends Treasury Secretary Steven Mnuchin and the Treasury Department for the report on the asset management and insurance industries, 10/27/2017 

Michael C. Sapnar of Transatlantic Reinsurance Company testifies on behalf of joint trades at Senate Banking Committee hearing examining U.S.-EU Covered Agreement, 05/02/2017

ACLI joins trade organizations requesting the covered agreement be signed, 04/13/2017

ACLI urges changes to Financial Stability Oversight Council designations and support for Covered Agreement in letter to Senate Banking Committee,  04/12/2017

ACLI Statement for the Record - House Financial Services Committee Subcommittee on Oversight and Investigation hearing, 03/28/2017

ACLI letter to DOL regarding proposal to extend applicability date of fiduciary rule, 03/13/2017

Additional Resources