NAIFA Blog

Troubled ACA CoOp Suspends Agent Commissions

February 4, 2015

Recent developments regarding health insurance Co-Ops established under the Affordable Care Act (ACA) appear to be encountering financial difficulties, which could be of significant concern to NAIFA members and their clients. One particular Co-Op in Iowa, which was heading towards insolvency, has had all agent commission payments suspended by the Iowa insurance department.   ACA Co-Ops are designed to be private non-profit insurers which underwrite ACA-compliant plans and are entities own...

NAIFA Disappointed White House Budget Targets Life Insurance Industry

February 2, 2015

NAIFA issued the following statement on the White House budget proposal by NAIFA President Juli McNeely:   "Most of the tax proposals in this year's budget appear to be repeats from past budgets. NAIFA is disappointed, but not surprised, that the Administration targets tax increases on the life insurance industry. "Americans need public policy that continues to encourage them to plan ahead, protect their families' financial security and adequately save for retirement. Well prepared f...

NAIFA-New York State Works With State to Make Regulation 60 Less Burdensome for Advisors and Consumers

January 23, 2015

The New York State Department of Financial Services’ Regulation 60 is a well-meaning measure designed to protect consumers against unwanted or unnecessary replacements of existing life insurance or annuity policies. In practice, however, it has forced consumers (and their advisors) who are certain they want to replace their policies to jump through regulatory hoops and endure lengthy, unnecessary delays. Fortunately, an amendment to the regulation supported by NAIFA-New York State will go ...

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

January 20, 2015

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. Lif...

Illinois Partners With Advisors to Bolster Health Marketplace Enrollment

January 20, 2015

Get Covered Illinois (GCI), the state’s health insurance marketplace, has launched its Producer Program , a partnership with agents and brokers to assist them in efforts to educate clients and provide coverage through the marketplace.     “We appreciate the continuing outreach by Get Covered Illinois to assist producers in enrolling their clients through the marketplace,” said Phil Lackman, who represents NAIFA-Illinois and two other agent organizations in the state. “Illinois consu...