Panel Recommendations May Include Replacement of

Tax-Free Buildup of Life Insurance!

As the Tax reform Advisory Panel nears the release of its final recommendations, which are expected on November 1st, it appears that the tax reform panel will recommend a new "save for retirement" account that would replace all current individual retirement accounts, Roth IRAs, deferred compensation plans and tax-free buildup of life insurance and annuities.  It appears that these new proposed accounts would be structured like Roth IRA accounts, with a maximum $10,000 contribution a year.  

 As a member of NAIFA, we need your help to grow our membership so that legislators will continue to understand the essential nature of the products we sell, and the vital role we play in the life of the American consumer.  NAIFA will be watching this issue carefully as it develops, and will continue to strongly advocate for you, but without the support of the life insurance and financial services professional, everything we do on behalf of our families and clients may be lost forever.  

 There is strength in numbers.  Help now by giving a membership application (SAIFA, NYCAIFA)to someone you know who is not a current member of NAIFA and please get them to join today!