Talking Points

Meeting Opening

  • NAIFA is the nation’s oldest and largest insurance and financial services membership association. We protect and promote the critical role of insurance products and other financial investments in a sound financial plan.
  • I’ve been in the business for _ years and (describe your business then ask other participants to do the same).
  • Share how insurance and financial products have helped your clients as well as examples of challenges that make it difficult for you to assist your clients.

Financial Security, Health and Tax Reform

  • Public policy should encourage a partnership between the private sector and the government for the financial security of American families and businesses.
  • Initiatives to improve insurance coverage and savings for those without access to employer coverage should not be at the expense of the employer-based system.
  • More than 175 million Americans receive health coverage through employer-sponsored plans.
  • Current tax and health reform discussions should recognize the value of the industry in crafting solutions and assessing the real world impact on consumers.

Retirement Savings

  • NAIFA understands the importance of retirement security as 10,000 people will reach retirement age every day for the next 14 years.
  • Nearly 80% of full-time workers have access to a retirement plan through their employer, and more than 80% of workers with workplace access to plans participate in a plan.
  • We do not believe state-run plans that compete with private market plans will improve retirement savings. Employees may lose the matching contributions of employers – therefore, overall savings will decline, not increase. The DOL’s regulation that gives state’s a free pass from ERISA should be overturned via the Congressional Review Act.

Senior Financial Protection

  • The Senior$afe Act (S.2216/H.R. 4538) allows insurance agents and financial advisors to report suspected cases of financial exploitation involving senior clients while limiting advisors’ liability when they act in good faith to protect their clients from potential exploitation.
  • Responsible policies and proactive legislation like the Senior$afe Act encourage industry professionals and government officials to work together to protect the financial well-being of senior citizens by targeting financial abuse which costs seniors $2.9 billion per year.   

What We Are Asking of Congress:

  • Ask your Representative and Senators to support the Senior$afe Act.  
  • Vote to invalidate the DOL’s regulation that allows states to bypass compliance with ERISA.
  • Utilize NAIFA as a resource next year during anticipated health, tax and retirement reform efforts.