1.        Convinced Congress to block Clinton plan to tax variable life and annuities when sub accounts are changed.

2.         Convinced Congress to block Clinton plan to change tax basis for all permanent life insurance and annuities.

3.        Convinced Congress to block Clinton plan to overturn “Crummy” trust powers.

4.        Convinced Congress to block Clinton plan to prevent use of “key man” business insurance.

5.        Convinced Congress to block Clinton plan to disqualify variable policies from tax-free exchange rules.

6.        Helped enact pension simplification, including 401(k) safe harbor.

7.        Helped enact tax-favored treatment of long-term care (LTC) policies.

8.        Helped to enact tax-favored treatment of accelerated death benefits.

9.        Helped enact MSA/catastrophic pilot program.

10.     Assisted efforts to make health insurance more portable.

11.     Eliminated agent discrimination language in health reform legislation.

12.     Worked for enactment of guaranteed issue health insurance for small groups.

13.     Fought to ensure level playing field for all health insurance plans.

14.     Defeated government-mandated national healthcare system.

15.     Defeated proposal to tax cash value increases in life insurance policies.

16.     Changed Social Security law to prevent loss of benefits for self-employed agents

17.     Increased the social security annual earnings test for retirees aged 65-69.

18.     Helped increase deduction for self-employed health insurance premiums: staved off decrease in employer deduction of health insurance premiums.

19.     Prevented further DAC tax changes that would increase tax on life insurance companies.

20.     Defeated legislation that would have made the state repeal anti-rebating laws.

21.     Helped secure enactment of fair tax on “investment-oriented” life insurance products.

22.     Defeated legislation to allow banks to underwrite insurance.

23.     Stymied proposal to mandate unisex insurance rating and underwriting.

24.     Defeated proposal to tax policy loan proceeds of life insurance .

25.     Defeated efforts to include fringe benefits in taxable income.

26.     Stymied efforts of federal government to regulate insurance.

27.     Achieved continuation of interest deduction for key man policy loans.

28.     Defeated proposal to tax inside buildup of annuities.

29.     Fended off efforts to lump all agents under Invested Advisors Act.

 

In Life and Health – NAIFA Protects Your Interests