Rep. Tom Suozzi (D-NY) has filed H.R. 4289, the "Well-Being Insurance for Seniors to be at Home (WISH) Act." The WISH Act would impose a 0.3% payroll tax on workers and 0.3% payroll tax on employers. The monthly benefit would start at $3,6000 and rise with inflation.
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The WISH Act-- What Is It?
Topics: Certifications & Designations Advocacy Long-Term Care #NAIFAProud State Advocacy Federal Advocacy
Texas Department of Insurance Issues Bulletin
The Texas Department of Insurance has issued a bulletin listing major changes to agent licensing provisions during the 87th Legislature. Those include:
Topics: Certifications & Designations Advocacy #NAIFAProud Legislation & Regulations State Advocacy
Special Session Begins!
The 87th Texas Legislature is back in the Capitol today to start their first special session of the year. (Yes, that means there are more to come!)
Governor Abbott called the legislature back to Austin to address certain legislative priorities that did failed to pass or were not addressed during the regular session. The call items for what the Texas House and Senate must pass can be found here. Items include banning the teaching of critical race theory in public schools, election and voting protocols, social media censorship, bail reform, and more.
NAIFA-Texas will be monitoring the special session and providing updates to our membership.
Topics: Advocacy #NAIFAProud Legislation & Regulations State Advocacy
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LEADERSHIP IN LIFE INSTITUTE
Advancing the Standard of Leadership Thinking
About the LILI Curriculum
The NAIFA Leadership in Life Institute is a six-month in-person program offered exclusively to NAIFA members who are committed to growing intellectually and professionally through deep introspection and discussion. The intense curriculum creates a unique learning environment that encourages participants to bring out the best in themselves and apply what is learned across every aspect of their lives.
July Member Spotlight: Les Littleton, CLU, LUTCF
July's Member Spotlight is on NAIFA-Texas Past President and NAIFA Pineywoods of East Texas member, Les Littleton, CLU, LUTCF!
Topics: #NAIFAProud Members Member Spotlight
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Performance + Purpose 2021: Redefine the Lines
The event this year is focused on creating an interactive experience for participants. The conference will include break-out sessions for book signings with speakers, gamification, and TED-talk style sessions to allow attendees to "choose their own adventure" to spice up their Zoom experience and deliver top-notch training to help you expand your book of business.
Topics: #NAIFAProud Networking Continuing Education Professional Development Membership
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NAIFA Austin Kicking Off to Q4!
Save the date and kickoff the 4th quarter by joining NAIFA-Austin for a special CE and happy hour event on Wednesday, August 4th 2021 at the University of Texas Golf Club.
Topics: #NAIFAProud Networking Continuing Education Professional Development Membership
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NAIFA and Insperity Partnership Hits a Home Run with Houston Chapter
Roger Clemens with NAIFA-Houston Leadership: (left-right): Kyle Lindner (2019 President), Brian Monk (President-Elect). Roger Clemens, Betsy Assad (President), Rick Demko (2020 President).
The strategic partnership between NAIFA and Insperity kicked off on Thursday, June 17, when NAIFA-Houston members were invited to Constellation Field for batting practice with seven-time Cy Young award winner Roger Clemens.
During an informal reception and meet and greet, Roger "Rocket" Clemens welcomed attendees and shared his personal story of success before engaging in a casual Q&A. Then everyone was invited down to the field to pick up a bat and Roger took the pitcher’s mound. Several attendees took the opportunity to bring their gloves and play the outfield!
Topics: Benefits Potential Partners for Advisors
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87th #TxLege By The Numbers
On June 8th, NAIFA-Texas members participated in the comeback of our Quarterly Lobbyist Updates. NAIFA-Texas lobbyist, Elizabeth Hadley, delivered a very comprehensive breakdown of bills our association had been working on, as well as, other big ticket priorities (COVID-19 relief, ERCOT reform, health care expansion, broadband expansion, voting integrity, etc.) for Speaker Dade Phelan, Lt. Governor Dan Patrick, and Governor Greg Abbott.
Topics: Advocacy #NAIFAProud Legislation & Regulations Leadership Membership
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June is Annuity Awareness Month!
In 2010, the National Association for Fixed Annuities (NAFA) designated June as National Annuity Awareness Month (NAAM) to help educate Americans on the important role of annuities as part of a secure retirement savings plan. Annuities can be an integral part of your clients’ long-term retirement planning strategy, providing direction to help them overcome unnecessary risks and important optional benefits that help them to protect their financial future.
During the 87th Legislative Session, NAIFA-Texas played a key role in passing HB 1777. This piece of legislation will require agent and insurers to follow a "Best Interest" standard for annuity products. To act in the best interest of the consumer, the agent is required to satisfy four obligations – the care, disclosure, conflict of interest, and documentation obligations. HB 1777 will harmonize the standard of care for annuities across regulatory platforms.
NAIFA-Texas is very excited this bill passed in time for Annuity Awareness Month. Click here to read more about annuities!
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