--- title: June Puts a Spotlight on Annuities and NAIFA's Support for Consumer Protections in Every State description: NAIFA supports National Annuity Awareness Month and encourages states to adopt the NAIC model on annuity transactions. image: https://at.naifa.org/hubfs/NAIC%20Map%20June%202023.png --- [![ApexNLC_banner2-1](https://at.naifa.org/hs-fs/hubfs/ApexNLC_banner2-1.jpg?width=728&height=73&name=ApexNLC_banner2-1.jpg)](https://apex.naifa.org/) [![Advisor Today Logo - White@960](https://at.naifa.org/hs-fs/hubfs/Advisor%20Today%20Logo%20-%20White@960.png?width=960&height=146&name=Advisor%20Today%20Logo%20-%20White@960.png) ![Advisor Today Logo - White@960](https://at.naifa.org/hs-fs/hubfs/Advisor%20Today%20Logo%20-%20White@960.png?width=960&height=146&name=Advisor%20Today%20Logo%20-%20White@960.png) ](https://at.naifa.org/) [![Join NAIFA](https://no-cache.hubspot.com/cta/default/2635471/19793afe-5adf-4f28-b999-9dd4527de76b.png)](https://cta-redirect.hubspot.com/cta/redirect/2635471/19793afe-5adf-4f28-b999-9dd4527de76b) [**](https://at.naifa.org/june-puts-a-spotlight-on-annuities-and-naifas-support-for-consumer-protections-in-every-state#tmpmodule_1614584860767204) ** ![Lifesaver Beach-1](https://at.naifa.org/hs-fs/hubfs/Lifesaver%20Beach-1.jpeg?width=1400&height=799&name=Lifesaver%20Beach-1.jpeg) #### **NAIFA Members Provide Financial Security** ###### 1 min read ## [June Puts a Spotlight on Annuities and NAIFA's Support for Consumer Protections in Every State](https://at.naifa.org/june-puts-a-spotlight-on-annuities-and-naifas-support-for-consumer-protections-in-every-state) By [NAIFA](https://at.naifa.org/author/naifa) on 6/1/23 8:30 AM ###### Topics: [Annuity Best Interest](https://at.naifa.org/topic/annuity-best-interest) ![](https://at.naifa.org/hubfs/NAIC%20Map%20June%202023.png) It's fitting on the first day of National Annuity Awareness Month for us to recognize the great work done by NAIFA leaders, members, and lobbyists in 37 states that have implemented the [National Association of Insurance Commissioners](https://content.naic.org/) (NAIC) [model for annuity transactions](https://content.naic.org/cipr-topics/annuity-suitability-best-interest-standard). NAIFA chapters, along with our partners at [ACLI](https://www.acli.com/), have worked with lawmakers and regulators in the states to get the measures passed.  The NAIC model requires financial professionals to work in the best interests of annuity customers, enhancing consumer protections and protecting the reputation of the industry. Requirements of the model are in accord with the [SEC's Regulation Best Interest](https://www.sec.gov/regulation-best-interest) and do not include policy proposals that would significantly hinder the ability of agents and advisors to serve Main Street clients. The NAIC model strikes a good balance and NAIFA and ACLI support its adoption in every state. 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