ACLI Supports Life Insurance Awareness Month

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Sep 22, 2014, 02:27 ET

WASHINGTON, Sept. 22, 2014 /PRNewswire/ -- The American Council of Life Insurers (ACLI) joins life insurance companies and agents across the country in support of Life Insurance Awareness Month, an annual event observed each September. During the month, ACLI will help educate policy-makers in Washington, D.C. and in the states on the vital role life insurance plays in Americans' lives and the U.S. economy.

For over 200 years, Americans have trusted life insurers to protect their financial security and offer peace of mind through individual policies and group plans. Every day, the life insurers validate this trust by paying out $1.5 billion in life insurance, annuity, long-term care, disability income and other insurance benefits.

Today, 75 million American families count on life insurance products for their financial and retirement security. And almost 20 percent of Americans' long-term savings is in permanent life insurance and retirement annuities.

Life insurers also help drive the nation's economic engine by generating 2.5 million jobs and investing $5.2 trillion in the economy.

During the month of September, ACLI's website will feature links to facts and personal stories that illustrate the life insurance industry's important role in Americans' lives.

The American Council of Life Insurers (ACLI) is a Washington, D.C.-based trade association with approximately 300 member companies operating in the United States and abroad. ACLI advocates in federal, state, and international forums for public policy that supports the industry marketplace and the 75 million American families that rely on life insurers' products for financial and retirement security. ACLI members offer life insurance, annuities, retirement plans, long-term care and disability income insurance, and reinsurance, representing more than 90 percent of industry assets and premiums. Learn more at www.acli.com.

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SOURCE American Council of Life Insurers