American Council Of Life Insurance
What Does American Council Of Life Insurance Mean?
The American Council of Life Insurance is an organization made up of companies that sell life insurance in the United States. It works to influence legislation related to the industry and promotes awareness and understanding of life insurance through advertising in mass media.
Insuranceopedia Explains American Council Of Life Insurance
The American Council of Life Insurance is headquartered in Washington, D.C., and claims to have 280 member companies on its website.
The council’s primary role is to lobby for laws that benefit the insurance industry. One notable success was its lobbying for the Insurance Capital Standards Clarification Act of 2014, which effectively established a distinction in how the insurance industry should be treated compared to sectors like banking.
In addition to engaging with lawmakers, such as congressmen, the council also runs advertising campaigns to advocate for insurance-related legislative reforms and to promote the industry overall.
