NAFA Partners with Fellow Industry Leaders for Annuity Awareness Month
Targeted Educational Initiatives Aim to Position Distributors and Producers to Help Increase Annuity Education Nationwide District of Columbia, WA, June 01, 2021 (PR.com) As part of a collaborative effort to help Americans recover from the financial hardships of the ongoing pandemic and create a more secure retirement future, NAFA, the National Association for Fixed Annuities, is leading the charge in bringing National Annuity Awareness Month into the spotlight during the month of June. In addition to hosting and participating in formative educational events for both distributors and annuity professionals, NAFA is engaging with a number of organizations to distribute a toolkit of materials producers can use to help educate consumers nationwide about the features and benefits of annuity products and their role in creating predictable lifetime income.
Breaking: NY Court Overturns Regulation 187
The New York Supreme Court overturned Regulation 187 today.
The New York Supreme Court sided with plaintiffs today in overturning the toughest state annuity sales standard in the nation.
The state Supreme Court Appellate Division reversed a 2019 ruling by Justice Henry Zwack that the New York State Department of Financial Services was within its authority when it issued Regulation 187.
Regulation 187, often described as similar to a fiduciary standard, took effect in 2019 as state officials bypassed a National Association of Insurance Commissioners effort to create a model standard for annuity sales. The New York regulation applies to life insurance sales as well and sets a high bar for a sale to be in the consumers best interest.
Seidel will be responsible for leading Finseca’s efforts to elevate the brand and reputation of the profession.
WASHINGTON, D.C. Finseca announced today that Maggie Seidel has been named Senior Vice President of Public Affairs and Marketing. Seidel will be responsible for creating and executing the strategic vision for the organization’s communications, marketing, and branding efforts.
“Finseca is driven by the mission of delivering financial security to all,” said CEO Marc Cadin. “We know that to do that, we have to unify the profession and more effectively tell their noble story in the public domain. Maggie has the skills, expertise, and proven track record to help us achieve our lofty ambitions.”
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