National Association of Insurance and Financial Advisors

NAIFA Urges CMS to Withdraw Proposed Changes to Medicare Advantage and Part D Plans

February 26, 2014

NAIFA has  submitted comments  urging the Centers for Medicare & Medicaid Services to withdraw proposed regulations that would fundamentally alter Medicare Advantage plans and the Medicare Part D prescription drug program. Of particular concern to NAIFA is a section of the CMS proposal that would change the rules for agent and broker compensation and likely reduce consumer access to professional advice on Medicare Advantage and Part D plans. Currently, for the first five years a Medicaid ...

NAIFA, College for Financial Planning to create new LUTCF designation program

February 18, 2014

NAIFA and the College for Financial Planning have formed a partnership to create an enhanced, dynamic and interactive curriculum for NAIFA’s renowned Life Underwriter Training Council Fellow (LUTCF) designation, established in 1984. “NAIFA is proud to enter into a new partnership with such an esteemed and accredited educational institution as the College for Financial Planning,” said NAIFA President John F. Nichols, MSM, CLU. “CFFP will deliver best-in-class content on innovative learning p...

SEC's Piwowar Questions Need for Expanded Fiduciary Standard

February 5, 2014

Securities and Exchange Commission member Michael Piwowar told Mark Scoeff Jr. of the Investment News that he has doubts about whether a regulation to require registered representatives to operate under a fiduciary standard of care is necessary. Piwowar is one of five SEC commissioners, and a majority would need to approve a fiduciary rule before it could be proposed. NAIFA has long urged the SEC to ensure that any proposed rule would address real problems existing in the marketplace an...

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"Selling the Insurance Story" - An InsuranceNewsNet Q&A with NAIFA President Robert Miller

February 2, 2014

In an extensive, broad-ranging interview with InsuranceNewsNet, NAIFA President Robert Miller speaks on such diverse topics as the estate tax, taxation and life insurance, fiduciary proposals for registered reps, the influence of NAIFA, the political landscape in Washington, and the important role NAIFA members play helping Main Street Americans. "We are a business that develops relationships, and it happens again and again in big cities and small towns across this country. "We sit down...