Industry groups unite the insurance and financial services industry to promote financial literacy and encourage a new generation of agents and advisors.
The Financial Security Alliance is pleased to welcome The Intercompany Long-Term Care Insurance Conference Association (ILTCI) as its newest coalition partner. The National Association of Insurance and Financial Advisors (NAIFA) and Life Happens founded the Alliance to promote thought leadership, programs, and resources to increase financial literacy and encourage insurance and financial services careers.
Surveys indicate that many Americans fail to understand some of the basic principles of personal finance. This hinders their ability to create and stick to a budget, understand and protect themselves from financial risks, and prepare for retirement. Compounding the problem is a projected shortage of financial professionals to serve consumers’ needs. Nearly a third of advisors are expected to retire within 10 years, making it crucial for the industry to recruit, train, and nurture the next generation of professionals.
“The ILTCI brings a much-needed perspective to the Financial Security Alliance,” said NAIFA CEO Kevin Mayeux. “There is a lot of misunderstanding and misinformation about long-term care solutions among consumers and even in our industry, so the expertise and resources ILTCI brings to the Alliance are invaluable.”
The Financial Security Alliance seeks to ensure consumers have access to financial education resources, deliver financial wellness courses in local communities, and elevate the insurance and financial services profession to attract top-notch talent and promote their career success.
“The ILTCI looks forward to working with the Financial Security Alliance to promote financial security for people facing the impacts of our aging society,” said Barry Fisher, President of the ILTCI Board of Directors. “As a proud founding sponsor of NAIFA’s Limited & Extended Care Planning Center (LECP) we are pleased to be able to expand on our partnership for the benefit of consumers and the financial professionals who serve them.”
ABOUT NAIFA: Founded in 1890, NAIFA is the oldest, largest and most prestigious association representing the interests of financial services professionals from every Congressional district in the United States. Our mission – to advocate for a positive legislative and regulatory environment, enhance business and professional skills, and promote the ethical conduct of its members – is the reason NAIFA has consistently and resoundingly stood up for financial services professionals and called upon members to grow their knowledge while following the highest ethical standards in the industry. Visit NAIFA at www.naifa.org.
ABOUT LIFE HAPPENS: Life Happens is a nonprofit organization dedicated to helping consumers take personal financial responsibility through the ownership of life insurance and related products. The organization does not endorse any product, company or insurance advisor. Since its inception in 1994, Life Happens has provided the highest quality, independent and objective information for people seeking help with their insurance buying decisions. To learn more, visit www.lifehappens.org.
ABOUT THE INTERCOMPANY LONG-TERM CARE INSURANCE CONFERENCE ASSOCIATION: The Intercompany Long-Term Care Insurance Conference Association, Inc. (ILTCI) is a public non-profit, charitable, scientific, educational tax-exempt public benefit corporation (501(c) (3). Your participation in our Annual Conference and support of our multiple initiatives helps a diverse group of Americans grappling each day with the impacts of our aging society. We look forward to having you being part of our growing community as we work to make a difference.