<img height="1" width="1" style="display:none;" alt="" src="https://dc.ads.linkedin.com/collect/?pid=319290&amp;fmt=gif">
advocacy-banner1
1 min read

NAIFA-ND Tells Lawmakers Their Clients Come First

By Julie Harrison on 3/9/21 3:35 PM

NAIFA-ND President Lyle Kraft testified at the State Senate Industry, Business and Labor Committee on March 9, on the importance of passing an important new best interest standard.

Topics: Annuities Legislative & Regulatory State Advocacy NAIC Model Regulation
1 min read

NAIFA-Idaho Testifies at Hearing on Annuity Best Interest Legislation

By NAIFA on 2/11/21 6:14 PM

NAIFA-Idaho member EmmaLee Robinson testified before a hearing of the Idaho Legislature on the Annuity Consumer Protections Act (HB 79) and encouraged lawmakers to adopt legislation based on the National Association of Insurance Commissioners’ updated Suitability in Annuity Transactions Model. The NAIC model requires financial professionals to work in the best interests of consumers on annuity transactions.

Topics: Annuities Legislative & Regulatory State Advocacy NAIC Model Regulation
1 min read

Ohio Finalizes Annuities Best Interest Rule Based on the NAIC Model

By NAIFA on 2/10/21 5:05 PM

The Ohio Department of Insurance has finalized a rule based on the National Association of Insurance Commissioners’ updated Suitability in Annuity Transactions Model that requires financial professionals to work in the best interests of consumers on annuity transactions. The new rule goes into effect in Ohio on Feb. 14.

Topics: Annuities Legislative & Regulatory State Advocacy Press Release NAIC Model Regulation
1 min read

Delaware Joins the Growing List of States Adopting the NAIC Annuity Model

By NAIFA on 2/8/21 3:34 PM

The Delaware Department of Insurance has published a final regulation based on the National Association of Insurance Commissioners’ updated Suitability in Annuity Transactions Model that requires financial professionals to work in the best interests of consumers on annuity transactions.

Topics: Annuities Legislative & Regulatory State Advocacy Interstate Advocacy NAIC Model Regulation
1 min read

NAIFA-Nebraska Supports Legislation to Boost Consumer Protections on Annuities

By NAIFA on 1/25/21 2:15 PM

As the Nebraska Legislature considers LB 22, legislation that would establish an enhanced standard of care for financial professionals offering annuity products, NAIFA-NE Past-President Dave Skutnik submitted testimony in support of the bill on behalf of NAIFA’s Nebraska chapter.

Topics: Annuities Legislative & Regulatory State Advocacy Interstate Advocacy NAIC Model Regulation
1 min read

North Dakota House Committee Advances NAIFA-Supported Annuity Transactions Bill

By NAIFA on 1/20/21 9:08 AM

This week the North Dakota House Industry, Business and Labor Committee unanimously approved H.B. 1160, a bill that tracks with the “best interest of consumer enhancements” in the National Association of Insurance Commissioners (NAIC) Suitability in Annuity Transactions Model Regulation.

Topics: Annuities Legislative & Regulatory State Advocacy
1 min read

NAIFA-Delaware and ACLI Advocate for Annuities Best Interest Rule

By NAIFA on 12/2/20 10:24 AM

NAIFA-Delaware and the American Council of Life Insurers (ACLI) have commended Delaware Insurance Commissioner Trinidad Navarro for proposing a best interest annuity rule based on the National Association of Insurance Commissioners’ (NAIC’s) revised Suitability in Annuity Transactions Model Regulation.

Topics: Annuities State Advocacy NAIC Model Regulation
1 min read

ALI Survey Finds Growing Concern Among Workers Planning for Retirement

By NAIFA on 7/29/20 1:26 PM

A new survey by the Alliance for Lifetime Income (ALI) finds that 70% of older working Americans with at least $100,000 in assets are more pessimistic about their retirement plans because of the COVID-19 pandemic. One-in-five of these workers, or approximately 3.2 million Americans, now plans to retire later than they had anticipated. ALI notes that the number would likely be much higher had the survey also included older workers with less than $100,000 in assets.

Topics: Annuities Retirement Planning Legislative & Regulatory COVID-19
1 min read

NAIFA-CO Sees Big Win on Proposal to Expand Annuity Taxes

By NAIFA on 6/16/20 11:24 AM

When Colorado legislators on June 8 introduced changes to the state’s tax laws that would impact insurance companies, consumers, and retirement savers, NAIFA’s state advocacy team sprang to action. The original version of the “Adjust Tax Expenditures For State Education Fund Act” (HB20-1420) would have expanded the state’s tax on some insurance premiums to include a broader range of annuity products. It also would have removed a credit applied to existing premium taxes for insurance companies that maintain home offices in Colorado.

Topics: Annuities Retirement Tax State Advocacy Colorado
1 min read

NAIFA Supports Legislation to Boost Registered Index-Linked Annuities

By NAIFA on 6/11/20 1:02 PM

Registered index-linked annuity (RILA) products offer a good option for some consumers who want to benefit from market growth while reducing their exposure to market losses. These are long-term, tax-deferred investments that are often well-suited for investors who are preparing for retirement, especially those who are retired or are nearing retirement and wish to reduce the impact of market downturns.

Topics: Advocacy Annuities Legislative & Regulatory

Featured