04-Nov-09	Oppose Two sections of the Investor Protection Act of 2009 (H.R. 3817) Attention: All Registered Representatives of Broker-Dealers Contact Your Member of Congress Today!You need to contact your Member of Congress today to oppose two sections of the Investor Protection Act of 2009 (H.R. 3817) that could: (1) Allow the Securities and Exchange Commission to ban registered representatives of broker-dealers from receiving a commission for the   sale of variable insurance products or other securities products; and (2) Expose registered representatives and investment advisers to increased liability for being compensated for providing personalized investment advice
06-Oct-09	Financial Services Regulatory Reform U.S. House Financial Services Committee Hears Testimony on Harmonized Fiduciary Standards of Care for IAs and BDs, Federal Office of InsuranceAction Taken: The House Financial Services Committee (Chairman Barney Frank, D-MA) held a hearing today to examine two legislative proposals of great interest to NAIFA members. Most notably, the Committee discussed a piece of draft legislation that would impose a new harmonized fiduciary standard of care on both investment advisers and broker-dealers. The Committee also discussed legislation to create a Federal Insurance Office within the Treasury Department to serve in an advisory capacity on insurance policy matters national and international in scope -- a proposal which NAIFA continues to support.
01-Jul-08	N.Y. Insurance Dept. to Hold Hearings on Producer Compensation The New York Insurance Department and the New York Attorney General’s office have announced that they will conduct hearings in July on permissible forms of producer compensation and requirements for disclosing them. The hearings, which will take place in Buffalo, Albany and New York, will seek, “the views of interested persons about the proposed addition of a new regulation to the Insurance Department’s regulations…regarding permissible forms of insurance producer compensation and disclosure by insurance producers of all forms of compensation.”
09-Jul-07	Action Alert: SEC Asks for Comments on Rule 12b-1 Background: The U.S. Securities and Exchange Commission (SEC) held a Commissioner's Roundtable Meeting on June 19, 2007 to discuss the merits of Rule 12b-1 fees. These fees are assessed against mutual fund assets and are used to pay for fund distribution expenses as well as to compensate broker/dealers and financial advisors for the services they provide to their mutual fund clients. Rule 12b-1 fees have recently become a front-burner issue for the SEC because of concerns over whether there is adequate disclosure of the fees to investors and of whether investors understand the purpose for the fees. The regulators have also expressed concern that the current use of 12b-1 fees as a replacement for front-end sales loads and to compensate advisors for providing ongoing services has strayed from their original purpose when the rule was adopted in 1980, which was to assist in the distribution and growth of mutual funds. SEC Chairman Christopher Cox said after the meeting that he expects the SEC to issue a proposal to either repeal or reform the rule within a few months. To find out what you can do Click on the title above!
14-Jul-06	Urge SEC to Not Approve Proposed NASD Rule NAIFA Members Should Urge SEC to Not Approve Proposed NASD Rule Imposing Specific Suitability, Principal Review Requirements for Deferred Variable Annuities
06-Jun-06	Estate Tax Vote on Thursday – Call Your Senators Today! Thanks to all of you who have participated in our Estate Tax Action Alert thus far.  NAIFA, the Association for Advanced Life Underwriting and other members of the agent coalition have provided a lot of valuable input to U.S. Senate offices on the issue of estate tax reform versus repeal. For NAIFA members wishing to follow up with a phone call to their Senator(s), AALU has volunteered to underwrite the cost of a telephone patch through program.
15-Nov-05	Tax Reform Poses Grave Threat to Life Insurance & Annuity Cash Values This is an update by David E. Smithkey, CLU, RFC, NAIFA President on the latest regarding the Tax Advisory Panels ideas on changing the federal tax code.  All NAIFA Members must take action!  Read on for the details regarding this tremendously dangereous issue to Life Insurance professionals and what you can do.
02-Nov-05	LIFE INSURANCE INDUSTRY RESPONDS TO ADVISORY PANEL While the goal of simplifying the U.S. tax law is an important one, the options included in the report represent a retreat from America’s historic commitment to helping Americans achieve financial and retirement security. They make families less secure today and less prepared for tomorrow by setting arbitrary limits on the ability of Americans to protect their families through life insurance and annuities. Click here for the insurance industry response and plan to fight this type of tax reform.
01-Nov-05	President's Advisory Panel on Tax Reform
04-Aug-05	NAIFA Members Should Urge SEC to NOT Approve Proposed NASD Rule Imposing Specific Suitability Requirements for Deferred Variable Annuities  IMMEDIATE ACTION REQUIRED!
01-Aug-05	It is Official by Congressional Declaration - September is LIFE INSURANCE AWARENESS MONTH Life Insurance Awareness Month was created in response to growing concern about the large number of Americans who lack adequate life insurance protection. LIMRA estimates that more than 60 million adult Americans are inadequately insured. Forty percent of adult Americans have no life insurance coverage whatsoever. On average, insured adults have coverage equal to just 3.0 years of replacement income, which is far less than most experts recommend. Held each September, Life Insurance Awareness Month is an industry-wide effort that is coordinated by the LIFE Foundation.
01-Jul-05	ACTION ALERT: FOLLOW UP CONTACT IN SUPPORT OF "REASONABLE" ESTATE TAX REFORM WITH SELECTED U.S. SENATORS ACTION ALERT: FOLLOW UP CONTACT IN SUPPORT OF "REASONABLE" ESTATE TAX REFORM WITH SELECTED U.S. SENATORS
03-Mar-05	NAIFA Opposes Attempts to Create Term-Only Life License