Everyone deserves a future they can count on and a plan to get there. Having a safe, affordable place to live is a powerful first step. Housing is a pathway to upward mobility that can endure for generations. That’s why America’s life insurance companies have joined together to create the industry’s investment initiative focused on strengthening communities through affordable, sustainable housing.
We will pair the life insurance industry’s long-term investment strategies with on-the-ground expertise from community partners who know what families and communities need to thrive.
For more than 175 years life insurers have done more than protect policyholders. The $587 million we invest in communities every day drives job growth and strengthens economies. We will act on the industry’s commitment to leverage its strength, stability, and long-term perspective to spark lasting progress. Together, we can help more families plan for the future and lead healthier, more financially secure lives.
On April 29, 2022, ACLI announced the formation of a groundbreaking, nonprofit investment partnership to exponentially expand the industry’s capability to help close the racial wealth gap and drive upward mobility in communities of color.
ACLI President & CEO, Susan K. Neely writes: "When ACLI launched its Economic Empowerment and Racial Equity Initiative in October 2020, I said that the life insurance industry was committed to advance solutions that address systemic inequality."
Life insurers have for many years been engaged in Impact Investing to help underserved populations of people. The investment partnership initiative is designed to enhance these efforts. The investment partnership initiative aims to be a “force multiplier.”
“As an impact investor eager to see more capital reach communities that have been structurally excluded from opportunity, the Robert Wood Johnson Foundation is pleased to see ACLI and its members move decisively forward to bring more capital for housing and community development. We look forward to future co-investments with insurers that will give all Americans the opportunity to live their healthiest life possible.”
"I am thrilled to see the American Council of Life Insurers expand their commitment to communities of color and closing the racial wealth gap. Impact investing is a powerful tool for business leaders to meet shareholder needs while advancing a more sustainable form of capitalism."
“The life insurance industry represents a unique, collective force for good in capital markets. I’m delighted to join in this conversation about how leaders across this industry can make strides in helping to close the racial wealth gap by investing in affordable housing across the nation. Creating and preserving affordable homes is the most powerful lever we have to improve the lives of lower- and middle-income families; we’re eager to explore how the life insurance industry can play a leading role in advancing the economic well-being of all Americans.”
"We are excited to see ACLI and its members launch this initiative to invest in the well-being of families, communities and local economies. By assembling new capital for affordable housing and other critical local needs, ACLI can help bridge gaps in health, wealth and opportunity so that more people can thrive."
“This is a historically significant moment for the affordable housing and community development moment. It is a rare occurrence when a large business sector comes together to support the fundamental needs of low and moderate-income people. The life insurance industry is uniquely positioned to deploy both its financial human and financial capital to a growing American housing crisis.”