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2 min read

NAIFA Family Response Fund to Help NAIFA Members With COVID-19 Expenses

By NAIFA on 4/16/20 5:34 PM

NAIFA has announced the creation of the NAIFA Family Response Fund to help NAIFA members with expenses related to the COVID-19 outbreak. The fund will benefit NAIFA members and their legal dependents who face financial hardship due to unexpected out-of-pocket medical or funeral expenses related to the COVID-19 outbreak.

Topics: Press Release
1 min read

NAIFA Urges States to Temporarily Ease Insurance Licensing Requirements

By NAIFA on 4/1/20 2:00 PM

NAIFA CEO Kevin Mayeux, along with several industry colleagues, has sent a letter to every state insurance licensing authority requesting temporary licensing accommodations for producers who cannot complete regular licensing requirements because of the COVID-19 outbreak.

Topics: Press Release
1 min read

NAIFA-Supported Provisions Included in Landmark Coronavirus-Relief Legislation

By NAIFA on 3/27/20 3:54 PM

Measures on small business loans, payroll taxes, and retirement accounts to provide relief to financial professionals and their clients.

Congress has passed the CARES Act, a $2 trillion economic stimulus and relief package designed to bolster Americans and the U.S. economy currently racked by the COVID-19 outbreak. The bill now goes to the White House, where President Trump is expected to sign it.

“NAIFA has advocated for measures to help small business owners and American workers weather the devastating financial impact of the COVID-19 pandemic, and we are pleased to see many of the provisions we promoted included in the CARES Act,” said NAIFA CEO Kevin Mayeux. “Small business loans to cover short-term payroll and other expenses, which could be forgiven at a future date; payroll tax exemptions; and relief from retirement-account withdrawal requirements and early withdrawal penalties have been at the top of NAIFA’s advocacy agenda and will be crucial to many NAIFA members and their Main Street USA clients. We are very pleased to see these provisions included in the final bill.”

Topics: Press Release
1 min read

NAIFA Members Designated Essential Critical Infrastructure Workers

By NAIFA on 3/23/20 4:15 PM

As many industries transition to alternative working arrangements in response to the COVID-19 outbreak, certain sectors and functions essential to the nation’s public health, safety, and community well-being must continue to operate. The U.S. Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA) recently released an advisory initial list of “Essential Critical Infrastructure Workers.”

Topics: COVID-19 Press Release
2 min read

NAIFA Urges Congress to Help Employers and Workers Cope With COVID-19 Impacts

By NAIFA on 3/20/20 10:26 AM

 

The COVID-19 outbreak is disrupting the lives of families and the operations of businesses across the country. The impact on the economy and financial implications for Americans will certainly be substantial. At times like this, NAIFA’s advocacy influence and role as the voice of insurance and financial professionals is more important than ever. We are working on behalf of our members, the entire agent-advisor community, and Main Street USA consumers to help Congress find ways to lessen the impact of the outbreak.

Topics: Press Release
1 min read

NAIFA Asks Administration to Include Associations in Government Coronavirus-Relief Policies

By NAIFA on 3/13/20 1:50 PM

NAIFA CEO Kevin Mayeux has written Larry Kudlow, director of the National Economic Council, asking the administration to include tax-exempt associations in any policies designed to provide businesses relief from impacts of the CONVID-19 outbreak.

Topics: Press Release
1 min read

NAIFA Statement on Coronavirus

By Suzanne Carawan on 3/6/20 5:09 PM

Nation’s Association for Insurance & Financial Professionals Urges Close Monitoring of Clients & Community Situations

The National Association of Insurance and Financial Advisors, long-charged with protecting the financial security of main street Americans, has issued a statement on the outbreak of novel coronavirus (2019-nCoV).

NAIFA is a participating member of the Interagency Crisis Action Task Force organized under the FEMA National Business Emergency Operations Center (NBEOC) that is led by the US Department of Health and Human Services (HHS). Following a conference call yesterday, NAIFA urges its members to closely monitor the Coronavirus situation in the local area and be at the ready to provide service to clients.

Topics: Press Release

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