Life insurance companies play a vital role in helping Texans plan, build, and thrive. We are committed to ensuring that Texans continue to have access to insurance and financial products that offer security in the face of a sometimes unpredictable future.
With the support of state leaders and legislators in 2023, life insurers will be working to:
Retain the smart, market-friendly policies that enable Texans to have access to affordable financial protection products. Products that can help families keep their homes in the event of a death, illness, or other misfortune, pay for education after a parent is lost, and provide support for business owners in times of unexpected tragedy.
Advance a private sector option to expand access to voluntary employer-based paid family leave by approving the use of additional group-based products sold to employers—increasing the reach of a market that already provides nearly 62 million Americans with family leave coverage.
Encourage the availability of supplemental benefit policies, such as vision, dental, cancer, hospital, and accident coverage, that enable people to manage expenses not covered by major medical insurance.
Maintain a healthy regulatory environment for annuities, the only financial product in the marketplace that can provide guaranteed income for life, like a pension.
Keep a broad range of opportunities available for life insurance companies to invest in Texas and its people through job creation, investments in businesses and agriculture, funding for infrastructure, education, and mortgages.
Life insurers are eager to work with lawmakers this year and every year to advance public
policies that will expand access to financial security solutions for all Texans.
From every corner of our state, life insurers are there to meet
the moment for families, businesses, and our communities.
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