American Council of Life Insurers (ACLI) President and CEO Susan Neely and NAIFA-TN President Scott Flowers issued the following joint statement on the best interest annuity rule adopted recently by the Tennessee Department of Commerce and Insurance:

“The new rule adopted by Director Carter Lawrence and the Tennessee Department of Commerce and Insurance advances important consumer safeguards and adds to the nationwide push for enhanced protections for annuity consumers.

“Tennessee becomes the 31st state to adopt the ‘best interest of consumer enhancements’ in the National Association of Insurance Commissioners (NAIC) Suitability in Annuity Transactions Model Regulation. These new laws and regulations also harmonize with the SEC’s Regulation Best Interest. They enhance the standards financial professionals must follow while safeguarding retirement savers’ access to, and information about, annuities, the only financial product in the marketplace that can provide guaranteed income for life. 

“Unlike a fiduciary-only approach, these measures ensure that all savers, particularly financially vulnerable middle-income Americans, can get information about different choices for long-term security in retirement. A recent survey finds that middle-income retirement savers would be very concerned about a regulation keeping them from accessing the professional financial guidance they want and need.

“The U.S. Congress reaffirmed the importance of lifetime income when it passed legislation in 2019 and 2022 that made it easier for employers to include annuities in workplace retirement plans. These protections safeguard consumers while also ensuring that middle- and working-class families will retain access to easy-to-understand financial information.

“We hope that other states will follow Tennessee and implement these sensible protections so that more consumers can benefit from a best interest standard of care, no matter where they live.”

Save The Date for NAIFA-Tennessee's 2023 Sales Summit & Legislative Day coming to you April 18th and 19th! Join us on the Tuesday, the 18th for our Sales Summit, a day full of sales ideas, networking, and a social event with our legislators. We will then visit them at the Capitol on Wednesday, the 19th! We can't wait to see you all there.

Join NAIFA-Tennessee's Clarksville Affiliate for our January Member Meeting! Come out to OfficeNow in the Cardinal Room on January 12, 2023 from 11:00 am - 12:30 pm to hear from our guest speaker, Wes Golden, Montgomery County Mayor!

Join the NAIFA-Tennessee Clarksville Affiliate for a Meeting on November 10th beginning at 11:00 am! Come on out to William O. Beach Civic Center to hear from our guest speaker Representative Jason Hodges, TN State Representative from District 67.

Join the NAIFA-Tennessee Nashville Affiliate for a Meeting on November 16th! Come on out to Maggiano's beginning at 11:30 am to hear from our guest speaker Commissioner Lawrence. 

$15 Members & Guests

Make sure to sign up now and secure your spot for NAIFA-Tennessee's 2022 Fall Conference: Making the Most of You! This event is coming up quick - join us NEXT Wednesday, October 26th at TN Bankers Association Barrett Training Center in Nashville. You do NOT want to miss our amazing speaker line up including motivational speaker Joe Jordan and industry icon Van Mueller.

Only two more days to register and get 50% off your registration! Check out the promo codes below.

NAIFA-Memphis/West Tennessee members had a great meeting with Congressman Steve Cohen this week. Thank you to our members for all you do to advocate for our industry! 

We are only two short weeks away from NAIFA-Tennessee's 2022 Fall Conference: Making the Most of You! Get your registration in now and join us Wednesday, October 26th at TN Bankers Association Barrett Training Center in Nashville. You do NOT want to miss our amazing speaker line up including motivational speaker Joe Jordan and industry icon Van Mueller.

Last days to take advantage of our early bird discount! Register before October 19th to receive 50% off your registration cost.  

Members & Non-Members: $40.00

NAIFA-Tennessee's 2022 Fall Conference and Annual Meeting is just around the corner!

Join us in Nashville on October 26 for an inspirational, insightful, and invigorating event. Motivational speaker Joe Jordan and industry icon Van Mueller will share expert insights to help you learn and grow—personally and professionally.

Get your registration in now for NAIFA-Tennessee's 2022 Fall Conference: Making the Most of You! Secure your spot and join us Wednesday, October 26th at TN Bankers Association Barrett Training Center in Nashville. You do NOT want to miss our amazing speaker line up including motivational speaker Joe Jordan and industry icon Van Mueller.