NAIFA Applauds Senior$afe Act of 2017

January 27, 2017

NAIFA President Paul Dougherty praised the efforts of Sen. Susan Collins (R – Maine), who yesterday introduced the Senior$afe Act of 2017 (S. 223) . The legislation would allow insurance and financial advisors to report suspected cases of financial fraud involving senior clients to financial institutions, which could then pass the suspicions along to the authorities.   NAIFA worked closely with members of Congress on the bipartisan bill to ensure that it included necessary liability pr...

New York Life Supports NAIFA in State Advocacy

January 17, 2017

New York Life Signs on to the NAIFA Capital 50 Fund for State Advocacy  New York Life Insurance Company has agreed to provide a supporting gift to the NAIFA Capital 50 Fund, an initiative launched by the National Association of Insurance and Financial Advisors to strengthen advocacy by the life insurance industry at the state level.  “Part of being there when our policyholders need us most is advocating for sound public policy,” said George Nichols III, Senior Vice President in New Yo...

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NAIFA Encourages Wider Participation in VA Program to Pay Vets' Licensing Fees

January 10, 2017

The insurance industry faces a potential shortfall of qualified agents in coming years as current advisors retire or transition to different careers. The U.S. Bureau of Labor Statistics’ “Occupational Outlook Handbook” projects that the number of openings for insurance agents will increase by 9 percent between 2014 and 2024 , which is “faster than average.”   As part of NAIFA’s effort to encourage talented individuals to enter the insurance and financial services industry, the associatio...

Legislation Would Delay DOL Fiduciary Rule

January 6, 2017

Rep. Joe Wilson (R-S.C.) today introduced legislation that would delay the effective date of the Department of Labor fiduciary rule for two years.   The rule is set to become "applicable" on April 10, 2017. The delay would provide the new Congress and the incoming Trump administration with time evaluate the rule.   NAIFA President Paul Dougherty applauded the proposed legislation in a letter to Rep. Wilson .   “For well over a century, thousands of dedicated NAIFA members have ...