Economic Empowerment & Racial Equity Initiative (EE&RE)

America's life insurance companies have long been committed to providing access to financial security for all Americans, regardless of where or how they work, their life stage, or the economic status of their household.

The fight to end systemic racism and inequality is an ongoing journey and we are committed for the long run. We recognize that life insurance products play a significant role in financial empowerment due to their transformative ability to provide financial security and build intergenerational wealth.

That's why America’s life insurers are engaging concrete steps to achieve greater economic empowerment of financially underserved communities across the country. We stand committed to advance solutions that address systemic inequality.

Through company action, smart partnerships, and legislative and regulatory initiatives, we will help more Americans access information, tools and leadership opportunities.

360 Community Capital, industry initiative on impact investing, launched in June, 2022 (pillar #4)
ACLI Capital Challenge road race to benefit Junior Achievement's mission to increase financial literacy (pillar #3)

EE&RE's Four Pillars

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Pillar 1: Expanding Access to Affordable Financial Security Protection in Underserved Communities

Expanding Access to Affordable Financial Security Protection in Underserved Communities

ACLI supports a regulatory framework that eliminates any potential proxy discrimination in the delivery of life insurance to the consumer.
ACLI supports removing any unnecessary barriers that may impede the ability of people of color to become licensed by or employed with the insurance industry.
ACLI supports innovation and technologies that are part of the solution by driving expanded consumer access and consumer affordability in the middle market and underserved communities.

Pillar 2: Advancing Diversity and Inclusion Within Companies and on Corporate Boards

Advancing Diversity and Inclusion Within Companies and on Corporate Boards

ACLI supports the CEO Action on Diversity and Inclusion pledge which commits signatories to make diversity and inclusion a priority within the company, and to create and share strategic inclusion and diversity plans with their boards of directors.
ACLI supports disclosure of appropriate data in corporate regulatory statements regarding the diversity of underrepresented groups on the corporation’s board of directors and among its executive officers without requiring standards or targets.

Pillar 3: Achieving Economic Empowerment Through Financial Education

Achieving Economic Empowerment Through Financial Education

Life insurers are committed to supporting financial education throughout America. One-third of financial inequality in the U.S. could be accounted for by the differences in financial literacy.
We’re seeking more impactful financial education partnerships, including with the American College of Financial Services. Through these partnerships, we can help more Americans achieve financial security.

Pillar 4: Expanding Investments in Underserved Communities

Expanding Investments in Underserved Communities

Consistent with stringent state investment requirements, ACLI supports voluntary initiatives which help facilitate institutionally sound investments that bring economic opportunity to underserved communities.
ACLI supports state and federal legislation establishing tax incentives and other measures that promote investments in underserved communities.
Learn about the new industry initiative on impact investing.