Investing in Agriculture
Farmers in Stoddard, Pemiscot, Ste. Genevieve, New Madrid counties and others throughout the state received mortgages totaling nearly $1 billion in recent years, thanks life insurers’ agricultural loans.
Investing in Residential
Life insurers have provided in recent years more than $152 million in mortgages, averaging $115,000 per household, for single-family homes in the state. This includes mortgages in and around Cape Girardeau and Jackson averaging $50,00; mortgages in Rolla averaging $145,000; mortgages in West Plains averaging $170,000 and more. With these investments, life insurers are helping Missouri families call the “Show Me” state “home.”
Investing in Education
Life insurers have invested nearly $1.7 billion in bonds for education in recent years. The De Soto, Hillsboro R-III, Rolla, Lexington, Independence and Clayton school districts are just some of the educational entities to receive funding from life insurers. The bonds life insurers purchase help Missouri schools invest in safer buildings, enhance technology for students and staff, and ensure students have the tools they need to learn at their best.
Investing in Infrastructure
With life insurer investments in Missouri highways, airports and mass transit, along with investments in electricity and sewer districts, life insurers have played a critical role in helping maintain and boost infrastructure in the state. In all, life insurers have purchased bonds nearly $700 million from entities improving infrastructure in Missouri in recent years.
Investing in Retail
Life insurers have helped make Missouri a magnet to retailers. Small shops in Poplar Bluff to large retailers in St. Louis have benefitted from mortgage loans issued by life insurers. In all, life insurers have provided nearly $1 billion in financing in Missouri in recent years, helping support 27 percent of jobs in the state.
Investing in Industry
Industrial mortgage loans issued by life insurers in recent years total $1 billion. That’s financing in Joplin, St. Joseph, Kansas City and St. Louis --– financing that promotes manufacturing and jobs in the “Show-Me” state.