Life Insurance Solidly Middle Class, LIMRA Study Shows
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The Wall Street Journal on October 4 published an article titled “Shift to Wealthier Clientele Puts Life Insurers in a Bind” that suggests that permanent life insurance is a “rich person’s” product that is little used by the middle class. Read more |
Attempts to Repeal New Health Law Provisions Fail
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Prior to adjourning, the U.S. Senate rejected attempts to repeal two provisions of the Patient Protection and Affordable Care Act (PPACA) signed into law in March. Read more
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NAIFA Files Comments with SEC on Suitability, Outside Business Activity Proposals
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NAIFA recently filed comment letters with the SEC expressing concerns about two proposed revisions to FINRA rules, which require SEC approval to become final. Read more |
GOP Senator Introduces Bill to Repeal CLASS Act |
On September 23, Sen. Lindsey Graham (R-SC) introduced S. 3829, the Long-Term Care Bailout Prevention Act to repeal the CLASS Act. The CLASS Act was included in the health reform law enacted this past March. Read more |
Administration Delays W-2 Health Value Reporting |
On October 12, the Obama administration announced a one-year delay of the W-2 reporting provision requiring employers to report the cost of health insurance coverage on employees' W-2 tax forms. Read more |
Department of Labor Issues FAQ Regarding Grandfathered Plans |
On October 12, the Department of Labor (DOL) released guidance in the form of frequently asked questions regarding grandfather plans. Read more |
IFAPAC Bursts Through Its NAIFA Career Conference Fundraising Goal |
The IFAPAC team does it again! IFAPAC state and local chair volunteers passed the initial Seattle Career Conference fundraising goal set by the National Subcommittee ($125,000) within 36 hours of the opening of the IFAPAC booth. Read more |