WASHINGTON—American Council of Life Insurers (ACLI) President and CEO David Chavern made the following comment today on the “One Big Beautiful Bill Act”:

"Advancing meaningful tax relief helps everyday Americans hold on to more of what they earn, creating greater stability, opportunity, and the ability to plan for the future. Life insurers are committed to supporting financial security across every stage of life, and ACLI believes this bill takes a strong step in the right direction."

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.