NAIFA, alongside a coalition of industry partners, submitted a follow-up letter to the National Association of Insurance Commissioners (NAIC) expressing appreciation for the NAIC’s consideration of our prior comments and support for the continued refinement of the Annuity Best Interest guidance.

The updated draft reflects meaningful progress toward regulatory clarity and consistency that protects consumers while allowing financial professionals to effectively serve their clients. Our previous letter offered additional recommendations to strengthen the implementation process and ensure alignment with the best interest standard already adopted by most states.

Forty-nine states have adopted the NAIC model (New York has a separate best-interest standard for annuity transactions) and NAIFA's state chapters have been at the forefront of advocacy efforts urging its acceptance. NAIFA remains committed to working collaboratively with regulators and industry peers to advance thoughtful, balanced policies that enhance consumer protection and promote access to trusted financial advice.