
The American Council of Life Insurers (ACLI) is a powerful organization that plays a crucial role in shaping the life insurance industry.
The ACLI's mission is to advocate for the interests of its member companies and promote the importance of life insurance in the US economy.
The ACLI is committed to ensuring that its member companies can continue to provide financial security to Americans through life insurance products.
One of the ACLI's main objectives is to promote the value of life insurance as a vital component of a person's financial plan, helping them to prepare for the future and protect their loved ones.
Key Information
The American Council of Life Insurers (ACLI) is a powerful force in the insurance industry, supporting its members in helping individuals achieve financial stability and plan for retirement. With 280 member companies covering 90 million families in the U.S., representing 95% of industry assets, the ACLI has a significant presence in the market.
These companies offer a range of products and services, including life insurance, retirement planning, disability income insurance, and annuities. This helps individuals protect themselves and their loved ones from financial uncertainties.
The ACLI focuses on three key areas: helping Americans prepare for retirement, protecting Americans from financial uncertainties, and strengthening the economy. By doing so, the ACLI aims to make a positive impact on people's lives and the economy as a whole.
Life insurers contribute $584 million each day to the US economy through investments in corporate bonds, municipal bonds, and various types of mortgages. This helps ensure life insurance remains affordable and accessible.
Here are some key statistics on the impact of life insurers in the economy:
Leadership and Programs
The American Council of Life Insurers (ACLI) has a strong leadership team and a clear focus on its programs. Susan Neely has been the president and CEO of the ACLI since May 2018, bringing her extensive experience in public affairs and advocacy to the role.
She previously served as the president and CEO of the American Beverage Association, where she was a policy and public education advocate for 13 years. Prior to that, she held senior government and public affairs roles, including at the Association of American Medical Colleges and the Health Insurance Association of America.
The ACLI's programs are focused on representing the industry in federal legislative matters and researching and compiling statistics for the life insurance industry.
Our Programs
At the American Council of Life Insurers (ACLI), our programs are designed to support the life insurance industry and the people it serves. We represent the industry in federal legislative matters, researching and compiling statistics to inform policy decisions.
One of our key programs is focused on federal affairs, where we advocate for the industry's interests in Washington, D.C. We've even taken out advertisements in local newspapers to raise awareness about the importance of fair regulations for life insurers.
ACLI members are dedicated to helping Americans prepare for retirement, protecting them from financial uncertainties, and strengthening the economy. To achieve this, they provide annuities, employer-based retirement plans, and other retirement plans.
Life insurers are the leading providers of retirement services, accounting for 15% of all defined contribution plan assets and 13% of individual retirement account (IRA) assets.
Here are some key facts about the life insurance industry's impact on the economy:
ACLI members are also significant investors in domestic corporate bonds, highlighting the industry's importance to the U.S. economy.
Leadership
Leadership is crucial in any organization, and the American Council of Life Insurers (ACLI) is no exception. Susan Neely was named president and CEO of the ACLI in May 2018.
She brings a wealth of experience to the role, having previously served as president and CEO of the American Beverage Association (ABA) for 13 years. Prior to that, she worked in government, serving as assistant secretary for public affairs for the U.S. Department of Homeland Security from 2003-2005.
As president and CEO of ABA, Neely was the policy and public education advocate for the non-alcoholic beverage industry. She also created and oversaw award-winning advocacy programs and initiatives during her time at the Health Insurance Association of America.
Here are some key leadership roles held by Susan Neely:
- President and CEO, American Council of Life Insurers (ACLI)
- President and CEO, American Beverage Association (ABA)
- Assistant Secretary for Public Affairs, U.S. Department of Homeland Security
- Special Assistant to President George W. Bush
- Senior Government and Public Affairs Roles at Association of American Medical Colleges and Health Insurance Association of America
Key Takeaways
The American Council of Life Insurers (ACLI) is an association of American life insurance companies that supports its members in assisting individuals with financial stability and retirement planning.
The ACLI has a significant presence in the industry, consisting of 280 member companies that cover 90 million families in the U.S., representing 95% of industry assets.
These member companies offer a range of products and services, including life insurance, retirement planning, disability income insurance, and annuities.
The ACLI focuses its attention on three primary areas: helping Americans prepare for retirement, protecting Americans from financial uncertainties, and strengthening the economy.
Here are the key areas of focus for the ACLI:
- Helping Americans prepare for retirement
- Protecting Americans from financial uncertainties
- Strengthening the economy
Frequently Asked Questions
What does acli do?
The American Council of Life Insurers (ACLI) advocates for its member companies to provide financial and retirement security products and services to consumers. Its mission is to promote the value of life insurance and related products in supporting Americans' financial well-being.
What happens to unclaimed life insurance policies?
Unclaimed life insurance policy proceeds are typically turned over to the state where the insured last lived, often with interest, after a certain period. This process is governed by state laws on unclaimed property
Who is the CEO of Acli?
David Chavern is the President and CEO of the American Council of Life Insurers (ACLI). He leads the organization's mission to provide financial certainty to Americans.
Who is the largest life insurer in the US?
According to the NAIC, New York Life Group is the largest life insurer in the US, followed closely by Northwestern Mutual Group and Metropolitan Group.
Sources
- https://en.wikipedia.org/wiki/American_Council_of_Life_Insurers
- https://www.investopedia.com/terms/a/american-council-of-life-insurance.asp
- https://www.guidestar.org/profile/52-1044350
- https://www.taxnotes.com/research/federal/other-documents/public-comments-on-regulations/acli-comments-on-proposed-insurance-discounting-regs/28nyz
- https://www.insurancebusinessmag.com/us/news/life-insurance/acli-supports-proposed-change-to-insurer-investment-taxation-498704.aspx
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