WASHINGTON – American Council of Life Insurers (ACLI) President and CEO David Chavern issued the following statement on the Secure Family Futures Act introduced by Sens. Thom Tillis (R-NC) and Raphael Warnock (D-GA): 

“Life insurers protect families and help power the American economy. The $8 trillion they invest in businesses, infrastructure, and job creation adds life to communities across the United States. And the returns from these investments help families and businesses access the financial protection they need to succeed and thrive.

“Senator Tillis’s and Senator Warnock’s bill offers much needed changes to the tax treatment of life insurers' bond investments that will foster further economic growth and help more people and businesses secure their financial futures.”

Read the press release from Sen. Tillis here.

The American Council of Life Insurers is the leading trade association driving public policy and advocacy on behalf of the life insurance industry. 90 million American families rely on the life insurance industry for financial protection and retirement security. ACLI’s member companies are dedicated to protecting consumers’ financial wellbeing through life insurance, annuities, retirement plans, long-term care insurance, disability income insurance, reinsurance, and dental, vision and other supplemental benefits. ACLI’s 275 member companies represent 93 percent of industry assets in the United States.