Plan For Life’s Uncertainties During Financial Literacy Month

WASHINGTON, April 6 -- The American Council of Life Insurers issued the following news release:

The American Council of Life Insurers (ACLI) urges all Americans to protect their financial futures against life's uncertainties during Financial Literacy Month this April.

Saving money--whether it is for retirement, education or emergency expenses-- is the key part of any financial plan. But it is not possible to save for all of life's financial uncertainties. The unexpected death of a wage earner can have a devastating impact on a family's finances. Outliving savings can leave retirees with only Social Security as a source of income in their golden years. Paying for the high and rising cost of long-term care can wipe out a lifetime of savings in a short period of time. And a sudden illness or injury can prevent a person from working and earning a paycheck.

Life-altering events can happen at any time and without warning. Life insurers offer solutions to help consumers prepare for these financial uncertainties:

* Life insurance pays families following the death of a loved one;

* Annuities offer retirees a guaranteed stream of lifetime income;

* Long-term care insurance helps pay for long-term care expenses;

* Disability insurance provides paycheck protection when someone cannot work due to an injury or illness.

ACLI's website features online brochures that provide information on how these solutions fit into Americans' financial plans.

Please visit www.acli.com during Financial Literacy Month this April to learn how you can financially protect yourself and your family.

The American Council of Life Insurers (ACLI) is a Washington, D.C.-based trade association with approximately 290 member companies operating in the United States and abroad. ACLI advocates in federal, state, and international forums for public policy that supports the industry marketplace and the 75 million American families that rely on life insurers' products for financial and retirement security. ACLI members offer life insurance, annuities, retirement plans, long-term care and disability income insurance, and reinsurance, representing 94 percent of industry assets in the United States. Learn more at www.acli.com.