According to a Wall Street Journal article, New York Department of Financial Services Superintendent Benjamin Lawsky has asked 134 insurers in the state to provide information about IUL illustrations....
NAIFA members commit to educate Congress about life insurance products’ role in protecting American families, businesses
In just one afternoon, more than 500 register for NAIFA’s April 2013 Day on the Hill
Falls Church, Va. – More than 500 agents and advisors registered for the National Association of Insurance and Financial Advisors’ Congressional Conference during the first three hours after registration opened at 2 pm Tuesday. The Congressional Conference is a grassroots event scheduled for April 8-9, 2013, in Washington, D.C.
“We’re very happy with this record number of early registrations,” said NAIFA CEO Dr. Susan Waters. “It shows just how passionate NAIFA members are about protecting the interests of their clients.”
NAIFA members will meet with their elected representatives to discuss legislative issues that affect their business and their clients. On top of the agenda will be tax reform.
Congress is likely to consider comprehensive tax reform in 2013, and NAIFA members from across the country will offer their expertise and personal experiences to educate lawmakers and their staffs on the importance of life insurance and annuity products to the financial wellbeing of more than 75 million American families and small businesses.
“Tax reform presents a real threat to Americans who look to life insurance and annuities to provide financial security,” said NAIFA President Rob Smith. “Who would be better than NAIFA members, who are in the field working with clients every day, to explain how important these products are and that tax changes making them more expensive or difficult to obtain would harm a lot of Americans.”
The insurance industry pays out $1.5 billion in benefits every day, which compares with $1.95 billion paid by Social Security, according to SecureFamily.org.
“People who purchase life insurance and annuities are taking responsibility for their own financial security and that of their families,” Smith added. “If tax reform makes these products less attractive, more people may look to government entitlement programs to provide for them in retirement or if they have financial setbacks.”
The Congressional Conference will augment NAIFA’s in-district meetings and professional lobbying efforts. NAIFA is uniquely positioned to offer the agent’s point of view with members in every congressional district in the country.
Registration for the Congressional Conference remains open on the NAIFA website.
About NAIFA:Founded in 1890 as The National Association of Life Underwriters (NALU), NAIFA is one of the nation’s oldest and largest associations representing the interests of insurance professionals from every Congressional district in the United States. NAIFA members assist consumers by focusing their practices on one or more of the following: life insurance and annuities, health insurance and employee benefits, multiline, and financial advising and investments. NAIFA’s mission is to advocate for a positive legislative and regulatory environment, enhance business and professional skills, and promote the ethical conduct of its members
Senior Director - Strategic Communications
National Association of Insurance and Financial Advisors|Mbriscoe@naifa.org
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