Elimination of commission payments in health insurance market 'unfair'

March 17, 2016

In a letter to members, NAIFA President Jules Gaudreau explained why recent decisions to reduce or eliminate commission payments to advisors in the health insurance market  are  “ill-advised, short-sighted and unfair.”    “Decisions to cease commission payments on individual market policies sold after a certain date are ostensibly made to manage the costs of administering some health plans,” Gaudreau told members. “Ultimately, the elimination of commissions will cause great harm...

If Insurance Is Your Profession, Then Politics Is Your Business

March 11, 2016

To commemorate the 50th anniversary of IFAPAC , the NAIFA Blog will run occasional posts by NAIFA members highlighting their political involvement and action. By Ashley C. Corbally, National Young Advisors Team Committee When I first entered the insurance and financial services industry, I didn’t grasp the gravity of the legislative challenges the industry faces every day on both the federal and state levels. Whether it’s fighting for our place in the advisory world, overcomi...