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 ...

Organizations Urge Congress to Repeal the Cadillac Tax, Preserve Health-Plan Tax Deductions

December 16, 2016

NAIFA has signed onto a letter along with more than 30 organizations urging members of Congress to repeal the 40 percent “Cadillac Tax” on health benefits that is part of the Affordable Care Act. The letter further asks Congress to avoid capping individual tax exclusions for employer-provided health care or limiting the ability of employers to deduct health care expenses from their taxes.   The Cadillac tax disproportionately harms early retirees, women, older workers, large families ...

Planning Meeting Attendees Take NAIFA's Advocacy Message to Capitol Hill

December 2, 2016

NAIFA this week held its annual planning meeting for members who are volunteer leaders for the NAIFA Political Involvement and Political Action Committees.   Rep. Erik Paulsen with members of  NAIFA-Minnesota The meeting culminated Thursday with a Day on the Hill, during which 140 attendees had meetings in more than 210 Senate and House of Representative offices. Key issues the NAIFA members raised with their...