Executive Summary

Fulfilling NAIFA's Membership Promise: Advocate, Educate, Differentiate

Advocate

NAIFA reinforced our position in 2022 as the most influential advocacy association working on behalf of agents and advisors on Capitol Hill in Washington, D.C., and every state capital. On the federal level, we worked for and helped bring about the passage of SECURE 2 0 legislation soon after NAIFA members met with their lawmakers in Washington during NAIFA’s annual National Leadership Conference

The comprehensive retirement planning reform law had also been a topic of discussion when more than 500 financial professionals gathered in Washington and met with Representatives and Senators during the NAIFA Congressional Conference earlier in the year Despite election-year gridlock in Congress on many policy matters, NAIFA also realized several other legislative priorities, including passage of the SECURE Notarization Act giving consumers more flexibility to complete financial transactions remotely and the RILA Act reducing administrative burdens and other restrictions on registered index-linked annuities

On the interstate level, NAIFA continued to work with groups like the National Association of Insurance Commissioners (NAIC) and the National Conference of Insurance Legislators (NCOIL) on model laws and regulations and policy positions that benefit NAIFA members and consumers

NAIFA also saw advocacy success in numerous states, the highlight of which was the enactment by 11 states of rules or laws incorporating the NAIC model for annuity transactions This brought the total to 31 states by the end of 2022 that had implemented the NAIC model requiring financial professionals to act in consumers’ best interests

Educate

TheNAIFACentersof Excellencecontinuedproviding financialprofessionalswith resourcesand access to experts inspecific practiceareas. AdvisorToday, NAIFA’s flagshipmagazine,expanded its brandto offer webinars andpodcastsin 2022.In-personeventslike the NAIFA Live monthlymeeting (a hybridin-person/virtual gathering), NAIFA’sDEISymposium, Meetings on Main Street,AdvancedPractice CenterSymposia, the Apex sales conference, andNAIFAchapter events gave membersmanyopportunitiesfor face-to-face interaction.

With blogposts,a printmagazine, webinars, podcasts, andgatherings,NAIFA provided compelling resources for membersand the industrywherevertheywantedin and in theformattheypreferred.On the year,NAIFA saw morethan7,000webinar registrations andmore that 61,000podcastdownloads. We provided nearly 500 blog posts and three issuesofthe printmagazine.

Differentiate

NAIFA membersstandapartbybelonging to a professionalassociationthathighlightstheir success andshowstheyarecommitted toservingtheir clients’ bestinterests.NAIFA’sconsumer-facingFind-An-Advisor toolassurespotentialclients that NAIFAmembers are professionalagentsandadvisorswho abidebyNAIFA’s CodeofEthics.

NAIFA providesvolunteerand leadership opportunities aswell as nationalandchapter-level awardsthat distinguishthetopproducers in thecountry and those whoareworking toadvance theirindustry, the association,theircolleagues,and consumers. In 2022, morethan500agentsandadvisorsattended NAIFA’s annualNationalLeadershipConferenceand Belong event tocelebrateourleadersand awardrecipients.