Advocacy is the ONE Primary Function of NAIFA that must be done. You cannot get it anywhere else. You cannot do it alone (i.e. you have only one vote and you have only one U.S. House Member (out of 435), two U.S. Senators (out of 100), one State House Member and one State Senator. It takes a majority at all levels of Federal/State Government to pass any piece of legislation.
There is no such thing as a “neutral” piece of legislation – all legislation produces “winners” and “losers.”
One-third of ALL tax expenditures (i.e. “negative tax revenue”) fall within the insurance and financial services industry, such as the tax-deferred cash value build-up in life insurance and annuity contracts, tax-free death benefits, deductible contributions to retirement plans and IRAs, deductibility of employer-paid premiums on group benefit plans and non-taxability to employees from employer contributions and benefits.
You could literally be taxed, legislated or regulated out of business at any time without the governmental advocacy performed by NAIFA.
There is a definite connection between advocacy and your business bottom line.
NAIFA’s approach to advocacy is extremely effective:
- Professional Staff Representation - Grassroots Key Contacts - IFAPAC – Raising money for allocation to candidate campaigns – opens the door to access and our voice is heard on our issues!
IFAPAC contributions are the “Business Continuation Insurance Premium” that we must incur as an ordinary and necessary business expense.
No NAIFA member who derives an income from the insurance and financial services industry should abrogate his/her professional responsibility to “give back” to the business that advocates daily for his/her career and the financial interests of the clients we serve.
No NAIFA member who derives an income from the insurance and financial services industry should abrogate his/her professional responsibility to “give back” to the business that advocates daily for his/her career and the financial interests of the clients we serve.
