On December 3, the Joint Committee on Tax (JCT) released its annual “tax expenditure report.” The report lists tax code provisions that lessen (or decrease) tax revenue paid to the federal government because they are departures from the usual rule, which is the foundation of the current income tax scheme, that all income is subject to tax.

In Notice 2025-67, the IRS announced inflation-adjusted limits for 2026 for retirement savings plans. The adjustments reflect the indexing of these limits that is required by law. They are effective as of January 1, 2026. They are:

NAIFA’s Policy Director Roger Moore attended the 2025 Annual Meeting of the National Conference of Insurance Legislators (NCOIL) on November 12-15, where he had the opportunity to strengthen NAIFA’s relationships with state legislators, regulators, and industry trade partners as well as advocate for key legislative priorities affecting NAIFA’s members. The meeting drew a record 414 registrations, including 74 legislators from 33 states, 13 first-time legislators from ten states, five insurance commissioners, and representatives from more than a dozen insurance departments.

During the 2025 Fall National Association of Insurance Commissioners meeting, President-Elect Christopher Gandy discussed hybrid life insurance policies with long-term care, extended care, and critical care riders, providing his perspective as an agent to the Task Force. Gandy provided insight on what he’s seeing in the market and offered suggestions to regulators to ensure the products remain accessible and easily understandable to consumers.