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