Legislative Update

POLITICAL ADVOCACY

Important Advocacy References:

Printable State Legislative Grid - July 2009

IFAPAC Contributions

IFAPAC may accept contributions from an individual to its political fund totaling up to $5,000 per calendar year. Federal law prohibits contributions to IFAPAC from the general treasury funds of corporations, labor organizations or national banks (including corporate or other business entity credit cards), any person contributing another person's funds, foreign nationals who lack permanent resident status and government contractors.

Sign up here to make IFAPAC contributions

IFAPAC - Why?

TERRY C. ROBERTSON, CLU, RHU

NAIFA's political action committee is the number one PAC in the insurance industry. IN addition it is in the top one percent of all 3,700 PACs registered with the Federal Election Commission.

The Insurance and Financial Advisors Political Action Committee (IFAPAC) contributed approximately $3 million to federal and state candidates or committees, in the last election cycle. Each PAC, whether at the federal or state level is a fund that supports the campaigns of candidates who understand the issues that are important to insurance agents and financial advisors.

If you feel that your services are valuable to your customers, and burdensome laws might keep you from meeting the needs of your clients, then you should be an IFAPAC member. Not to mention, that our constitutional system is based on involvement of individuals, and this involvement between the individuals (members) of NAIFA provides education to the lawmakers about our profession.

These are all very important reasons for being an IFAPAC member. But, to me the most important reason deals with the taxation of our products. I am convinced that without the level of communication that the PAC helps to provide, I fear that many of our products that we sell would have been arbitrarily taxed.

If you agree with any of these statements, then you should be a member of IFAPAC. You my contribute $50 to $5,000.

Is $100 a year is far too big a commitment to protect your career?