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The Honorable George Nichols III, an accomplished insurance executive & regulator and president of The American College, joined us for a town hall webinar and shared his views on how insurance—life insurance in particular—can be part of a sustainable solution to economic imbalance. Learn more HERE.
NAIFA-New York State Joins Finseca
New Affiliation Launches Finseca to Focus on State Advocacy, Building on Legacy of Success at Federal Level
WASHINGTON, Sept. 29, 2020 /PRNewswire/ — Finseca – a newly-launched professional trade association formed through the merger of AALU and GAMA, which represents the financial security professionals across the United States – announced today an affiliation with NAIFA – New York State. NAIFA – NYS will align its strengths and focus with Finseca’s national reach to benefit the members of the financial security profession and the clients they serve.
“We are honored to join forces with the talented, incredible team at NAIFA – NYS at this critical time for our profession,” commented Marc Cadin, CEO of Finseca. “The economic disruption of COVID-19 means that more Americans need personalized support to protect their financial future. New York is the largest market for the life insurance industry in the United States, and a presence there is critical to representing the profession successfully.”
With this partnership, Finseca launches its state advocacy program to deepen its impact and ensure favorable policies that enable greater financial security for more American families. This effort builds on Finseca’s significant involvement and success with federal affairs.
“We know that an effective presence in front of state legislative and regulatory bodies is essential to represent the profession. The profession needs a new model based on a stronger and more effective state and federal collaboration,” continued Cadin.
NAIFA – NYS’ membership will automatically roll over to Finseca through the end of 2020. Members will be invited to renew in 2021. Finseca is committed to offering a seamless membership experience aimed at reducing dues for state members with a stronger benefits package, effective advocacy and greater integration between federal and state issues.
“The financial security profession is at a crossroads, and at a time of great economic turmoil, we need to work together to achieve results for our members and their clients,” said Phillip Held, President of NAIFA – NYS. “NAIFA – NYS’ Board voted today to take a critical step toward coming together to strengthen outcomes and drive the results on important policy issues. We believe that Finseca represents the future of the profession and we want be part of helping to shape that future.”
“We are excited about the opportunity to affiliate with Finseca to deliver more value to members of the profession in New York and around the country,” said Greg Serio, Executive Director of NAIFA – NYS. “Finseca’s commitment to unifying the profession and bringing financial security is a winning combination. We look forward to our future together.”
Finseca’s Chair Kelly Kidwell said “Before we selected a name, a Board of Directors, or anything else for our new organization, we first embraced the cause of unifying the profession. Our profession is the key to delivering financial security but the organizations that represent us are too fractured and divided. Our new affiliation with NAIFA NY is the first step in building out a state by state approach that will deliver more value and strengthen our advocacy efforts.”
→ Read More HERE
NAIFA-NYS is the only organization exclusively representing life insurance agents & financial advisors in NYS – encouraging a strong marketplace, enhanced business & professional skills, and ethical conduct.
Future of Next COVID-19 Relief Bill May Lie with Leg. to Prevent a Gov’t Shutdown
Prospects for the next coronavirus relief bill may rest with legislation to prevent a gov’t shutdown one month before Election Day. Relief bill negotiations have gone nowhere, as partisan bickering prevents money from going to the unemployed, small businesses, healthcare facilities, schools, local governments, and other entities.
Derailed by Congress, the Fate of the Paycheck Protection Program (PPP) Is Unclear
When debate over a new pandemic relief bill collapsed, the PPP was among the victims. Bipartisan proposals for renewing/refining it would automatically forgive all loans of up to $150K and make applying for forgiveness easier, among other changes. Still, for now, doors have closed on new PPP funding.
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