Experts: Auto and health insurance aren't enough
Most people understand auto and health insurance and have those policies, but they don't understand the need for other types of insurance, such as life,
disability and long-term-care insurance, experts say. Those types of policies "are covering risks that could jeopardize your future savings plans," says
Juli McNeely, immediate past president of NAIFA.
Consumer, labor groups want Trump to protect fiduciary rule
Save our Retirement, a coalition of labor and consumer organizations, is asking President-elect Donald Trump to support the Labor Department's
fiduciary rule. The rule will help consumers get unbiased information to prepare for retirement, the groups said in a statement.
Financial Advisor online (11/17)
Commentary: Don't wait to buy long-term-care insurance
The need for long-term care is only going to grow, and the federal government and states are unlikely to step in to help pay the costs of such care
beyond what Medicaid provides, writes long-term-care insurance agent Margie Barrie. That's why it's important for clients to buy a policy now if
they are in a position to, Barrie writes.
Report: Fintech industry changing rapidly
The fintech sector is expanding quickly and will soon offer customers far more options than financial products and services, according to a report
from McKinsey. One example of the trend is a company that provided financial products to young professionals and students, then began offering
networking assistance and career coaching, the report said.
Hearing on fiduciary rule focuses on right to sue
During a hearing Thursday, US District Judge Barbara Lynn asked several questions about whether the Labor Department's new fiduciary rule
improperly created a "private cause of action" in conflict with a 2001 Supreme Court decision. She described the lawsuit challenging the legality
of the rule as a "complicated case."
InsuranceNewsNet online (11/17), InvestmentNews (11/17)
Trump's health care statements prompt concern
Advisers who have medical coverage under the Affordable Care Act or clients who rely on the program are anxious about what will happen now
that Donald Trump, who has criticized the health care system, is the president-elect. Some advisers are recommending that clients start setting
aside money for higher medical costs.
Too early to gauge potential health insurance changes, trade group says
The Self-Insurance Institute of America says it is too early to speculate about how it might work with President-elect Donald Trump to change the
health insurance market. Among the group's concerns are the Affordable Care Act's regulatory burden and ban on capping lifetime medical costs.
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A Brief History of NAIFA-Colorado
NAIFA-Colorado, originally founded as the Colorado Association of Life Underwriters (CALU) in 1935, was based on the precept that those engaged in life underwriting occupy
the unique position of liaison between the purchasers and the suppliers of life and health insurance and closely-related financial products. Inherent in this role is the combination
of professional duty to the client and to the company, as well. Ethical balance is required to avoid any conflict between these two obligations.
NAIFA-Colorado is an organization of insurance and financial advisors whose purpose is to serve as an information resource, to promote ethical conduct, and to enhance
our professional skills and public image, and support our local associations.
The NAIFA-Colorado Board of Directors meets four times per year, promoting educational programming and continuing education. In addition, we promote advocacy through
legislative functions, including IFAPAC, APIC, Legislative Receptions, and a Day on the Hill. We also send representatives to the Division of Insurance’s Producers Advisory Council
to articulate our views on rules, regulations, and pending legislation, as it affects the field of insurance and financial planning.
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