NAIFA News

The National Association of Insurance and Financial Advisors (NAIFA), the nation’s largest financial services membership organization, mourns the loss of a respected leader in the insurance and financial services industry, Raymond H. “Mickey” Moran, CLU, ChFC.

The award is the highest honor that can be bestowed upon an individual in the life insurance and financial planning industry.

The National Association of Insurance and Financial Advisors (NAIFA) is disappointed by the action taken by the Securities and Exchange Commission (SEC) earlier today to Adopt Rule 151A, reclassifying certain indexed annuities as securities.

In June, 2008 the SEC issued a new proposed rule (SEC Release No. 33-8933, File No. S7-14-08) that would classify certain indexed annuities as securities. The proposal would accomplish this by creating a new Rule 151A that would change the treatment of indexed annuities under the insurance products exemption found in Section 3(a)(8) of the Securities Act of 1933.

Your Members of Congress to Contact SEC and Oppose Proposed Rule 151A

A scholarship for NAIFA Local associations will be available if registration goals are met.

NAIFA and the American Council of Life Insurers recently published the eighth issue of STOLI Alert to coincide with the NCOIL Fall Meeting and in advance of the upcoming NAIC Winter National Meeting.

Nominations are due January 15, 2009.

NAIFA Members Save 10 Percent on All Orders Over $150 With Office Depot

Page provides you up-to-the-minute coverage of the 2008 election and how the changes in Washington will affect your business and the life insurance and financial services industry.