Cybersecurity & Privacy


The life insurance industry protects 90 million American families with financial products that reduce risk and increase their financial security. Life insurers have historically respected and maintained the privacy and security of the personal information they receive from their customers. It is part of what consumers deserve and receive as they purchase financial products from life insurers that reduce risk and increase their financial security.

Federal and state privacy laws provide a rigorous regulatory framework that enhances life insurers’ commitment to protecting the confidentiality, as well as the security, of customers’ personal information.

For example:

  • life insurers’ customers are informed when information is collected about them for underwriting;
  • life insurers are subject to laws that limit their disclosure of consumers’ personal information;
  • life insurers’ customers are notified if the security of their personal information is breached.

Life insurers’ enduring commitment to safeguarding customer information helps explain the industry’s strong support for a multitude of federal and state privacy laws.

ACLI Position

As society and work change, life insurers are committed to solutions that protect all Americans, regardless of where and how they work, their life stage, or the economic status of their household. Subjecting life insurers to laws that may be more appropriately considered for other industries will likely result in duplication or conflicts with existing requirements on insurers.

This may jeopardize insurers’ ability to most effectively and efficiently serve prospective and existing customers. These people may not be able to obtain coverage or have their claims under existing policies paid as quickly as they would have otherwise.

Given the complexity of the current regulatory structure, coupled with new and growing privacy and security challenges, it is essential that the consideration of the need for, and the substance of, any new privacy or security law applicable to life insurers be given careful and thoughtful consideration.

For the latest ACLI advocacy materials, go to Advocacy-Privacy.

Publications and Resources

ACLI Letter to Senate Commerce Committee on SAFE DATA Act, 09/22/2020
ACLI Consumer Privacy Principles, 12/20/2019
ACLI Issue Brief: Life Insurers' Enduring Commitment to Keeping Your Information Private, 06/30/2019
ACLI Statement for the Record, Senate Banking Committee hearing "Privacy Rights and Data Collection in a Digital Economy," 05/07/2019
ACLI feedback to Senate Banking Committee on data privacy, protection and collection, 03/13/2019
Privacy issue brief, 02/13/2019


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