On August 18, 1966, NAIFA formed the Insurance and Financial Advisors Political Action Committee (IFAPAC) as a nonprofit, nonpartisan organization. Then known as LUPAC, it was created "to engage in voter registration and get-out-the-vote campaigns, compile voting records of individual members of Congress, and implement nonpartisan courses designed to stimulate citizen involvement in politics," according to NAIFA's magazine at the time. The PAC also solicited "contributions to aid selected Congressional candidates," the publication said.
Today, IFAPAC has grown to become one of the largest political action committees in the insurance and financial services industry. It allows NAIFA members to combine their financial support on a nonpartisan basis for candidates who understand and support our industry at the federal level and in all 50 states.
The federal component of IFAPAC contributed more than $1.5 million to 242 Congressional candidates in 2022, amplifying NAIFA's advocacy voice on Capitol Hill. Many of the PAC's contributors refer to IFAPAC as their "business insurance."
Join us in wishing IFAPAC a happy 57th birthday!