In a recent article, Susan Neely, President and CEO of the American Council of Life Insurers (ACLI), highlights the growing concern among Americans about their financial security during retirement, given increasing lifespans and economic pressures. The passage of SECURE and SECURE 2.0 aimed to address these concerns by closing savings gaps and expanding retirement security.

Neely explains that a fiduciary-only approach by the Labor Department would eliminate commission-based arrangements and potentially limit access to financial recommendations for millions of Americans. She emphasizes that Americans want the freedom to choose their financial professionals and that a fiduciary-only policy would disproportionately affect working-class individuals, particularly Black and Hispanic Americans, widening the racial wealth gap.

The article also highlights a decline in Americans' confidence in their long-term financial prospects and asserts that a fiduciary-only regulation would worsen the situation. Additionally, it argues against any proposal that hinders access to annuities, which have become a popular choice for financial consumers.

NAIFA and ACLI have worked together to get the National Association of Insurance Commissioners (NAIC) annuity transactions model bolstering consumer protections implemented in 38 states. Life insurers and lawmakers, says Neely, must work together to develop sensible public policies that promote financial certainty in retirement for all Americans.

Do you know any college students interested in the insurance and financial services industry? NAIFA's Future Leaders Program is a unique opportunity for college students and recent graduates to get a glimpse into careers in insurance and financial services.

Future Leaders was created to raise awareness about opportunities in the industry and invite more students into the profession. It is presented by NAIFA members who volunteer their time to get the word out about careers in financial services and is an excellent opportunity for students to make connections with industry professionals.

The free, four-part program breaks down the complex industry to help students understand how many career pathways exist and discern what might make for a great fit. Students also hear from advisors in different practice areas to understand "a day in the life" and be inspired to reach their potential. Students who attend live get an opportunity to engage with these dynamic advisors and agents and walk away from the program with several contacts in the industry.

With more than 100 participating schools, Future Leaders aims to reach as many prospective agents and advisors as possible.

The session topics are:

• Understanding the Industry
• Finding Your Best Fit
• Choose Your Own Adventure: Career Options in the Industry
• Tools for Success: Becoming the 1%

This is a fantastic opportunity for students to make connections with professionals across the country. Some participants have secured internships and post-college jobs from the connections made by attending Future Leaders. Upon graduation, participants will also receive a certificate of completion from NAIFA.

Learn more and download the Future Leaders flyer below to share with the college students in your life.

Is your alma mater participating? If not, email marketing@naifa.org to add it to the list! Visit the Future Leaders website to find the list of participating schools.