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Life Insurance Industry Eyes 'Moon Shot' In Underserved Communities


Will life insurance reach underserved communities with help from the Biden plan?
The life insurance industry has a chance at a “moon shot” this year in terms of expanding its investment in underserved communities.
That was the word from Bruce Ferguson, senior vice president of state relations for the American Council of Life Insurers. Ferguson and two other ACLI executives spoke on the organization’s Economic Empowerment and Racial Equity Initiative on Wednesday during NAIFA’s Diversity, Equity and Inclusion Impact week.
As part of the Obama administration’s economic recovery program, life insurers invested heavily in Build America Bonds, Ferguson said. These bonds were aimed at improving infrastructure at the municipal level. The bonds raised funds to improve roads, bridges and schools as well as to upgrade water systems. ....

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