On the State of the Union, NAIFA calls for tax policy that encourages middle-class Americans to save for retirement

The National Association of Insurance and Financial Advisors echoes a strong theme running throughout President Obama’s State of the Union Address and Sen. Joni Ernst’s Republican Address to the Nation that policy decisions moving forward must focus on ensuring the financial health of middle class Americans.

With 10,000 people reaching retirement age every day for the next 17 years, it is important that public policy incentivizes and encourages families to save and plan for retirement. Life insurance and annuity products can help minimize risks and are necessary to obtaining financial and retirement security. Changes to tax policy should not discourage people who are looking out for their long-term financial security by purchasing life insurance or annuities, saving for retirement or taking advantage of employer-provided benefits.

As the Congress begins to debate various policy initiatives, NAIFA is encouraging agents to attend the May 19-20, 2015, Congressional Conference to ensure lawmakers understand the insurance industry and the policies that allow consumers to take responsibility for their retirement and financial security.


Comments
Joseph Cichon,LUTCF
Those statements can only help us individually and also our industry as a whole.
1/21/2015 3:20:02 PM