The American Council of Life Insurers (ACLI), a Washington, D.C.-based trade 
association advocating on behalf of 280 member companies dedicated to providing 
products and services that promote consumers' financial and retirement 
security, said today: 

People are living longer, and financial security into retirement is not just a 
challenge in the United States - it's a challenge facing people around the 
world. The G20 - an international forum for the governments of 20 major 
economies - has selected aging society and filling the protection gaps created 
by increasing longevity as a priority issue.

The Japanese G20 presidency will explore best practices for how to increase 
financial inclusion and fill the gaps in income replacement and retirement 
security during a period of unprecedented longevity. Japan is building on the 
foundation begun under Argentina's G20 presidency, which looked at the positive 
role that the life insurance and pension industry plays in funding long-term 
investment in infrastructure and economic growth. As society and work change, 
life insurers are committed to solutions that protect all people, regardless of 
where and how they work, their life stage, or the economic status of their 
household. 

As providers of retirement products to 90 million American families and as the 
largest institutional investor in U.S. domestic corporate bonds and other 
long-duration investments, America's life insurers are proud of the benefits we 
bring to America and all the markets where our products help improve the 
quality of life for individuals and families. When it comes to retirement 
security challenges, life insurers are there to help fill the gaps created by 
increasing longevity. We help people retire with security - with more products, 
availability, accessibility and affordability for all. 

As the world's largest life insurance market, U.S. life insurers join with our 
colleagues at the Life Insurance Association of Japan (LIAJ) in celebrating the 
110th anniversary of its foundation. We applaud the LIAJ for prioritizing aging 
society and longevity by organizing the "Insurance Forum Japan 2019" on 
Wednesday, June 5, 2019, in Tokyo, where we will highlight the importance of 
this issue and our industry to world leaders. 

SOURCE: American Council of Life Insurers

CONTACT: David Nielsen, +1 202-624-2419, DavidNielsen@acli.com