To the Editor:
As a proud supporter of President Trump and a resident of Louisiana, I am writing to underscore the vital role the life insurance industry plays in our nation’s economy. I also want to advocate for policies that encourage investments in America’s future.
Life insurers represent a significant source of bond financing for U.S. businesses, holding nearly 23% of all U.S. corporate bonds. This substantial investment, totaling approximately $3.6 trillion, directly supports job creation, the spirit of entrepreneurship, and robust economic growth all across the country.
Here in Louisiana, life insurers have made considerable investments in bonds issued by key entities. These include the East Baton Rouge Sewerage Co, the Louisiana Energy & Power Authority, and the New Orleans Aviation Board. These investments represent much more than figures on a financial statement; they translate into concrete advantages for our communities.
These financial commitments contribute to constructing vital infrastructure — schools, roads, and housing. They provide the necessary capital for major upgrades and improvements. By having this long-term investment strategy in place it ensures that businesses have secure access to funding, which encourages them to expand their operations and create new jobs, thereby stimulating economic growth and promoting stability.
Supporting the life insurance industry inevitably means supporting an industry that reinvests in the American economy. I believe that by advocating for policies that promote these key investments, we can effectively ensure that our communities continue to prosper and that our nation’s economy remains strong.
In conclusion, I respectfully urge policymakers to recognize the invaluable contributions of the life insurance industry and to support the policies that will foster its continued investment in our economic future. Working together, we can indeed build a stronger and more prosperous America for everyone.
