Value Positions
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NAIFA-Iowa 2019 VALUE POSITIONS

 

POSITION #1 PROTECTION OF HEALTH CARE CHOICES

NAIFA-Iowa supports:

·  Ensuring health care for all Iowans

·  Improving affordability and sustainability of insurance choices to all Iowans

·  Access to professional services & advice provided by licensed and regulated insurance agents

·  Improving the marketplace access to better allow agents to assist clients selecting plans

·  Expanding all choices, including short term options and non-compliant plans for Iowans who do not qualify for a subsidy

·  Expanding short term plan provisions to reflect the federal government guidelines

 

 

POSITION #2 PROTECTION OF OUR SENIORS—FIGHTING FINANCIAL FRAUD

NAIFA-Iowa supports:

· Senior Safe Act and would support state legislation intended to protect seniors from financial fraud and exploitation.

· Suggested provisions for state legislation include:

i)  A voluntary reporting process for advisors to report suspected fraud to their firm. After alerting state authorities, the firm would have the discretion to delay a suspicious  transaction.  This would allow the firm’s legal and compliance personnel time to review

the questionable transaction.

ii) A legal “safe harbor” provision where advisors and their firms would be immune from liability for following the law’s provisions. Advisors and their firms should be encouraged to report potentially fraudulent transactions to protect their senior clients’ assets.

iii) Permit the state insurance department to provide training resources to advisors to recognize signs of cognitive decline. 

 iv) Acknowledging that advisors are not medical professionals and would not be held responsible for determining a client’s cognitive condition.

 

 

POSITION #3: EXPAND OPPORTUNITIES TO FUND EDUCATION PLANS

NAIFA-Iowa supports:

· Raising the tax deduction for Iowa 529 Plans from $3,387 to $10,000 per beneficiary by an individual.

 

POSITION #4 EXPANDING THE EDUCATION OF IOWANS AND THEIR RETIREMENT CHOICES

NAIFA-Iowa supports:

· Educating consumers in the use of the financial tools available for retirement

 

 

POSITION #5: EXPANSION OF OPTIONS FOR IOWANS TO CONTRIBUTE TO CHARITIES

NAIFA-Iowa supports:

·Expanding federal and state legislation to allow Iowans who are at least 59 ½ to make qualified charitable distributions from their IRAs to non-profits, without income taxation. 

National Association of Insurance and Financial Advisors-Iowa

600 State Street
Suite A
Cedar Falls, IA 50613