NAIFA members meet with Congress

Members of the National Association of Insurance and Financial Advisors (NAIFA), in Washington, D.C., for NAIFA’s National Leadership Conference, are holding a Day on the Hill today, Tuesday, November 15. Attendees from across the country are participating in more than 150 in-person meetings with members of Congress and their staff.

NAIFA members are insurance and financial professionals from around the country who serve Main Street American families and businesses. The meetings with their representatives and senators are focused on the financial services industry and the critical role life insurance products and annuities play in securing the financial futures of their clients and communities. They will ask Congress for its continued support for policies and legislation that help achieve financial security for all.

NAIFA members’ personal stories, which represent their businesses, clients, and communities, help lawmakers thoroughly understand the important role NAIFA members play in:

• Providing products, services, and advice that improve the financial security of 90 million American families.
• Promoting financial literacy and self-sufficiency in diverse communities.
• Strengthening the U.S. economy and contributing to the financial health of communities in every congressional district.
• Representing the best interests of their clients and promoting the success of Main Street Americans and businesses.

Among the specific issues and policies NAIFA members are discussing is support for the bipartisan SECURE 2.0 retirement legislation. The measure would increase the availability, accessibility, and affordability of retirement security products. It would increase flexibility in retirement plans and increase incentives to encourage employers to offer plans.

NAIFA members are also telling their lawmakers that any laws or regulations that would redefine the status of independent contractors using an ABC test or similar methods, including the Department of Labor’s proposed Independent Contractor Rule, should exempt insurance and financial professionals. Treating agents and advisors as employees under such a change would hinder their ability to operate their own businesses and work in the best interests of their clients.

ABOUT NAIFA: The National Association of Insurance and Financial Advisors is the preeminent membership association for the multigenerational community of financial professionals in the United States. NAIFA members subscribe to a strong Code of Ethics and represent a full spectrum of financial services practice specialties. They work with families and businesses to help Americans improve financial literacy and achieve financial security. NAIFA provides producers a national community for advocacy, education and networking along with awards, publications and leadership opportunities to allow NAIFA members to differentiate themselves in the marketplace. NAIFA has 53 state and territorial chapters and 35 large metropolitan local chapters. NAIFA members in every congressional district advocate on behalf of producers and consumers at the state, interstate and federal levels.