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May Is Disability Insurance Awareness Month

1 min read

Free Webinar: How the DOL Fiduciary-Only Rule Will Impact Financial Professionals and Consumers

By NAIFA on 4/29/24 2:57 PM

A NAIFA Advocacy Webinar
May 2 | 2 pm eastern

The U.S. Department of Labor‘s final fiduciary-only rule will force the vast majority of financial professionals offering retirement planning services and products into a fee-for-service model, unless Congress or the courts intervene. It will deprive many consumers of the valuable option of working with professionals operating under alternative models, including those with commission-based compensation, that may better meet their needs.

Topics: Legislation & Regulations Standard of Care & Consumer Protection DOL Fiduciary
2 min read

Happy New Year From NAIFA

By Kevin Mayeux on 1/2/24 11:42 AM

As we ring in another new year, this is an exciting, historic time for our association. The American public needs the services of insurance and financial professionals more than ever. You and your fellow NAIFA members help them achieve financial security, prepare for retirement, and create enduring financial legacies. NAIFA with you every step of the way, and 2024 promises to be a great year as we continue with the integration of three iconic brands within our industry – NAIFA, the Society of Financial Service Professionals, and Life Happens.

Topics: Legislation & Regulations Life Happens DOL FSP
3 min read

NAIFA President and His Client Offer the DOL a Unique Perspective

By NAIFA on 12/13/23 10:49 AM

The Department of Labor thinks it knows what's best for Americans preparing for retirement. NAIFA President Bryon Holz, CLU, ChFC, LUTCF, CASL, LACP, and his long-time client Chuck Ross think the DOL is wrong and bring their real-life experience to the argument.

Topics: Legislation & Regulations Standard of Care & Consumer Protection Press Release Federal Advocacy DOL
2 min read

NAIFA Is Well-Prepared to Oppose DOL's Fiduciary 2nd Act

By NAIFA on 9/16/23 8:45 AM

NAIFA has not been sitting idle as the Department of Labor made moves to propose a new fiduciary rule. In anticipation of the rulemaking, NAIFA helped the National Conference of Insurance Legislators (NCOIL) draft a resolution that opposes the DOL's new fiduciary rule as unnecessary and likely harmful to consumers. The resolution, which NCOIL adopted in July after NAIFA testified at the Conference's 2023 Summer Meeting, states: "NCOIL urges the DOL to refrain from further rulemaking that would revive all or parts of the 2016 Fiduciary Rule" and "...urges state legislators and other interested stakeholders to join in opposition to any further rulemaking by DOL reviving the 2016 Fiduciary Rule."

Topics: Legislation & Regulations Federal Advocacy DOL Regulation Best Interest Fiduciary
2 min read

Americans Want Guaranteed Lifetime Income Products

By NAIFA on 6/9/23 12:00 PM

A new study from the American Council of Life Insurers (ACLI) shows an increased interest in annuities amid growing economic uncertainty.

The study, which surveyed more than 1,000 Americans between the ages of 45 and 65, found that 54% of respondents are considering “a guaranteed lifetime income product that pays out like a pension.” This trend held among all income brackets, with the greatest interest among minority communities, including Black and Hispanic respondents and those who identified as "other." The survey also found that 91% of respondents would prefer to work with a financial professional who offers products and services that meet their needs.

Topics: Retirement Planning Retirement Legislation & Regulations Research/Trends
2 min read

ACLI's Susan Neely Shares Concerns Over Americans' Retirement Security

By NAIFA on 6/7/23 1:00 PM

In a recent article, Susan Neely, President and CEO of the American Council of Life Insurers (ACLI), highlights the growing concern among Americans about their financial security during retirement, given increasing lifespans and economic pressures. The passage of SECURE and SECURE 2.0 aimed to address these concerns by closing savings gaps and expanding retirement security.

Topics: Retirement Legislation & Regulations SECURE 2.0
1 min read

What Advisors Need to Know About Upcoming IUL Insurance Illustration Changes

By NAIFA on 3/10/23 3:10 PM

Did you know that new Indexed Universal Life (IUL) Insurance illustration regulations are likely to go into effect in May? Make sure you are prepared for these changes, which can affect your business and your clients by tuning in to the next Advisor Today webinar on Monday, March 27 at 2 pm eastern.

Join experts Gregory Rohtstein and Steven Patrizio of Symetra and Ryan Mattern of Modern Life as they discuss the history of the regulation, the nuances of the changes, and how can begin to prepare.

Topics: Life Insurance & Annuities Legislation & Regulations Webinar Insurance
3 min read

What May Be the Repercussions of the Washington Cares Fund?

By Ken Leibow on 10/27/22 10:00 AM

Washington State’s “Washington Cares Fund” (WCF) imposes an uncapped 0.58% employee-paid payroll tax ($580 per $100,000 earned) to fund a $36,500 lifetime pool (intended to inflate, beginning in 2027, according to WA’s consumer price index) for long-term care received in WA by vested employees. A claimant must require help with at least 3 activities of daily living (11 ADLs are listed on WCF’s website).

Topics: Long-Term Care Legislation & Regulations Long-Term Care Insurance
1 min read

Stay on Top of Current Legislation with NAIFA's Get Out the Vote

By NAIFA on 7/28/22 10:00 AM

Do you know what laws have passed in your state legislature this year? As a financial services professional, knowing current and pending laws and regulations is essential.

Topics: Legislation & Regulations Federal Advocacy
1 min read

Staying Up To Date Using The Federal Register

By Dan Mangus, Vice President of Sales, Senior Marketing Specialists on 12/21/21 8:00 AM

As an advisor, your clients expect you to be up to date and on the cutting edge of items that would impact their financial and health future. Staying current can be a real challenge since our industry is changing faster than ever before. The actions of governmental agencies will either directly or indirectly affect everyone in our country, including you and your clients.

Topics: Legislation & Regulations

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