A big part of the working capital that helps Illinois open its doors, invest in new projects and grow its workforce comes from long-term investments by life insurers. Our companies have invested $273 billion in Illinois’ economy with agricultural and industrial loans, education bonds, office space mortgages and more. We are here to strengthen businesses and communities across the Prairie State.
- $273 billion invested in Illinois' economy
- $211 billion in stocks and bonds that help finance business development and create new jobs
- $28 billion in mortgage loans on farms, residential, and commercial property
Investing in Education
More than $1.3 billion for education loans have come from life insurers, with investments in the Will County School District, the University of Chicago and Southern Illinois University representing just a few of ways the life insurance industry helps the state prepare its students for the future.
Investing in Apartments/Multifamily
More than $5.9 billion in industry financing has helped families and individuals in Decatur, Peoria, Urbana and Chicago obtain mortgages and call Illinois “home.”
Investing in Agriculture
Life insurers have provided $1.1 billion in financing for mortgage loans in Springfield, Taylorville, Peoria and throughout the state, helping keep Illinois a leader in agriculture in the United States.
Investing in Industry
Life insurers have invested $3 billion in mortgage loans for industrial development in the state, primarily in Chicago and surrounding areas, helping maintain Illinois as a stalwart of American industry.
Investing in Infrastructure
Life insurers have invested more than $3.4 billion in transportation and utilities in the state – for roads, airports and public transit -- and helping water systems in Chicago, Springfield, South Sangamon and more provide families and businesses with clean water.
Investing in Office Space
The life insurance industry is a partner in Chicago’s business and commercial life, providing loans for office space exceeding $7.4 billion. Life insurers help in other parts of the state as well -- $32 million in mortgages in Springfield, $6 million in Rockford.
Based on 2020 data.
#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.