ACLI Supports Bipartisan Retirement Security and Clarity Act

WASHINGTON - American Council of Life Insurers (ACLI) President and CEO David Chavern made the following comment today on the Retirement Simplification and Clarity Act introduced by Senators Roger Marshall (R-KS) and Kirsten Gillibrand (D-NY):

"Planning for retirement should be easier, not harder. The Retirement Simplification and Clarity Act will give workers and retirees clearer information and access to more options as they plan for their future. Annuities have a unique role to play because they are the only financial products that can guarantee income for life. This legislation will help more Americans understand that value and make the choices that are right for them."

Read more about the Retirement Simplification and Clarity Act here.

The American Council of Life Insurers (ACLI) 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 94 percent of industry assets in the United States.