The American Council of Life Insurers (ACLI) honored U.S. Reps. Pat Tiberi (R-OH) and Richard Neal (D-MA) with its 2016 Financial Security & Life Insurance Champion Award.
Tiberi and Neal co-chair the House Financial Security & Life Insurance Caucus, which is dedicated to raising awareness on the need for public policies that promote lifetime financial security.
“Representative Pat Tiberi and Representative Richard Neal understand the importance of planning financially for the long term. Their leadership of the caucus and dedication to public policies that help individuals and families maintain financial independence and dignity throughout their lives has earned them the Financial Security & Life Insurance Award,” said Dirk Kempthorne, president and CEO governor of ACLI.
Kempthorne said increased longevity is placing financial strains on public safety nets, so policymakers need to work with the private sector to find ways to reduce those stresses. He said the caucus seeks policy solutions that encourage Americans to save more for retirement and protect their financial futures.
“We must ensure that people have the incentives they need to save for retirement and be prepared for the future,” Tiberi said. “That is why I am advocating for solutions that help Americans keep more of their hard-earned dollars. It is an honor to receive this award alongside my friend Richard Neal, and I thank him for his leadership as our ranking member on the Ways and Means Committee.”
Neal said promoting retirement savings is a top legislative priority for the caucus.
“We both want to see more low and middle-income Americans enjoying comfortable and satisfying golden years. I am pleased that ACLI has acknowledged our efforts, and I am delighted to receive this important award,” Neal said.
The awards were presented on behalf of Americans to Protect Family Security, a partnership of America’s financial advisors, life insurance agents, and life insurance companies that is dedicated to educating policymakers about life insurers’ products.