NAIFA Blog

Members of Congress Providing Leadership on Financial Security

June 20, 2018

Approximately 850 insurance and financial advisors recently visited Washington, D.C., during NAIFA’s annual Congressional Conference . They met with their senators and representative and told the lawmakers about the financial risks and challenges their constituents in communities across the United States face. They explained how advisors provide clients with basic financial literacy education.   However, NAIFA members unfortunately cannot reach everyone. In fact, two out of three Amer...

NAIFA advocacy ensured insurance included in Senior Safe Act legislation

June 15, 2018

On May 24, 2018, President Trump signed the Economic Growth, Regulatory Relief and Consumer Protection Act, which includes the legislative language of the  Senior Safe Act . The House and Senate previously passed the legislation.   NAIFA members have advocated on behalf of Senior Safe legislation that would allow them to serve their clients’ interests by acting as a first line of protection against financial fraud and abuse. Under the act, advisors have a mechanism to report suspected fr...

Downfall of DOL Fiduciary Rule Bolsters the Annuities Market

June 13, 2018

Industry analysts project annuity products to rebound from a sales slump in 2017 and the early months of this year, according to the LIMRA Secure Retirement Institute and reported by InsuranceNewsNet . The main driving force behind the comeback is the demise of the Department of Labor’s fiduciary rule, which a federal court struck down in March as a result of lawsuits filed by NAIFA, the American Council of Life Insurers , and other groups.   The looming DOL rule had injected a large ...

NAIFA and Industry Partners Ask Congress to Clear Up Confusion Over the Tax Reform Law

May 31, 2018

NAIFA, the Council of Insurance Agents and Brokers, and the Independent Insurance Agents & Brokers of America submitted a statement to the House Ways and Means Committee asking Congress to clarify that the Tax Cuts and Jobs Act signed into law in December permits insurance businesses, including agents, can fully utilize the law’s 20 percent deduction on “qualified business income.”   Submitted as part of the record for the committee’s “Hearing on Tax Reform and Small Business: Growing O...

Advisors Take Their Grassroots Message to Capitol Hill

May 23, 2018

NAIFA-Maine members meet with Sen. Susan Collins Approximately 850 insurance and financial advisors attending NAIFA’s Congressional Conference in Washington, D.C., are taking their message to Capitol Hill today in small-group meetings with their representatives and senators.   They will be asking lawmakers to support policies that encourage Americans to save for retirement and protect themselves against the financial risks associated with ...