American Council of Life Insurers (ACLI) Applauds Confirmation of Keith Sonderling as U.S. Secretary of Labor

American Council of Life Insurers (ACLI) President and CEO David Chavern made the following comments on the Senate confirmation of Keith Sonderling as U.S. Secretary of Labor:

"Keith Sonderling is taking the helm as Secretary of Labor at a pivotal time for America's retirement system. Already, he has been a forward-thinking leader for savers and retirees, helping protect access to information for moderate-income workers while ensuring strong protections for consumers. His leadership has also expanded workers' access to market-based solutions that build savings and guarantee lifetime income in retirement.

"Secretary Sonderling's expertise and qualifications to lead the U.S. Department of Labor are clear. As leading providers of workplace retirement benefits, life insurers are committed to helping more Americans build greater financial certainty and security. We look forward to working with Secretary Sonderling to strengthen workers' ability to protect their financial future."

The American Council of Life Insurers (ACLI) is the leading trade association driving public policy and advocacy on behalf of the life insurance industry. 90 million American families rely on the life insurance industry for financial protection and retirement security. ACLI's member companies are dedicated to protecting consumers' financial wellbeing through life insurance, annuities, retirement plans, long-term care insurance, disability income insurance, reinsurance, and dental, vision and other supplemental benefits. ACLI's 275 member companies represent 94 percent of industry assets in the United States.