A big part of the working capital that helps Tennessee open its doors to families, invest in new projects and grow its workforce comes from long-term investments by life insurers. Our companies have invested $122 billion in Tennessee through mortgages for apartment buildings, retail and office space, industrial development and more. We are here to strengthen communities and families across the Volunteer State.
Investing in Apartments/Multifamily
In Nashville, Memphis, Davidson and other cities, life insurers have
invested $3.4 billion in mortgages for apartment buildings and
multifamily units, helping families and individuals throughout the state
call the Volunteer State “home.”
Investing in Industry
The state that gave birth to country music is also an industrial state
strongly supported by life insurers. They have provided $1.4 billion in
mortgage loans for industries in Lincoln and White County, Clarksville,
Chattanooga, Memphis and more.
Investing in Retail
By providing $1.2 billion in retail mortgage loans, life insurers play a
role in boosting employment in Tennessee. The National Retail
Federation says that 28 percent of jobs in the state are supported by
the retail industry.
Investing in Office Space
With Tennessee’s economy growing, more office space is needed.
And life insurers are there to help, providing $1.9 billion in mortgages
in Nashville, Knoxville, Memphis, Clarksville and more.
Investing in Education
Life insurers have purchased $512 million in bonds issued by
education-based entities, including the Tennessee School Bond
Authority and school districts in Wilson, Putnam, Williamson County
and more.
Investing in Infrastructure
Life insurers have invested in the Metropolitan Nashville Airport
Authority, the Knoxville Waste Water System, the Jackson Energy
Authority and more, with bond purchases for a wide range of
infrastructure needs exceeding $960 million.