AALU Statement in Support of Cares Act

FOR IMMEDIATE RELEASE                                                                                           Contact: Katherine Knight Patterson
March 26, 2020                                                                                                                  (703) 641-8142 

AALU Statement in Support of CARES Act

Emergency legislation will provide immediate relief to small businesses, health care providers, workers, and distressed industries

WASHINGTON, D.C.—AALU President and CEO Marc Cadin released the following statement in support of the Coronavirus Aid, Relief, and Economic Security (CARES) Act:

“This is a pivotal moment for our nation,” said Marc Cadin, AALU President and CEO. “Small businesses, many of which our members operate, and also serve as clients, are the backbone of our country, and it is critical that Congress acts to protect them, prevent our economy from even further damage, and for the millions of workers facing unemployment. We are no longer anticipating a health and economic crisis, it is here. We urge Congress to get this bill to the president’s desk to provide much-needed relief to our nation and those whose lives are in danger, and ultimately help put our nation back on the path to financial security.”

The legislation passed the U.S. Senate unanimously last night and will be voted on by the House on Friday. Recently, AALU launched the COVID-19 Action Center for the financial security profession. The website features webinars, podcasts, news updates, and exclusive content surrounding the global pandemic.

About AALU

AALU, the Association for Advanced Life Underwriting, is the leading organization of financial professionals who provide life insurance and retirement planning solutions for individuals, families, and businesses. AALU has a rich history of success with a single focus on the issues impacting life and annuity products, and the clients its members serve. Headquartered in Washington, D.C., AALU is committed to providing its members with the essential tools and services required to help grow their businesses, serve their clients, and protect the financial and retirement security of the American people.

About GAMA International

GAMA International is an independent national nonprofit organization 501(c) (6), founded more than 85 years ago. GAMA International is the only association dedicated to promoting the professional development needs and leadership skills of first-line and front-line leaders in the insurance, investment, and financial services industry.

AALU and GAMA International announced in July 2019 that they will be joining forces to create a new organization representing the financial security profession later this year.