The AALU Weekly Briefing

June 30, 2015
URGENT UPDATE: July Advocacy Webinar Moves to July 7th
The deadline to submit comments to the Department of Labor on the proposed fiduciary standard is rapidly approaching, so we have moved the July Advocacy Webinar to July 7th at 11 am. Join the AALU experts to learn more about the comments due on July 21st and plans for an AALU Action Alert to help members get personally involved in opposing the proposed regulation.Date: Tuesday, July 7th
Time: 11 AM EDTRegister now

The monthly advocacy webinars are supported exclusively by MetLife.

 

Register for the upcoming Tax Reform & COLI/BOLI/NQDC Webinar!
“Too stupid for words.” That’s how one Member of the House Ways and Means Committee describes the deferred compensation provision in last year’s failed tax reform bill. The ideas contained in the bill are still floating around the halls of the Capitol and may return in the new Ways & Means Chair Paul Ryan’s promised Tax Reform draft. Could the impacts of the next tax reform bill be as equally devastating for the life insurance community, especially for the COLI/BOLI and NQDC markets?Join AALU’s Counsel Ken Kies, Managing Director of the Federal Policy Group and AALU staff lobbyist Justin Brown to discuss the AALU’s continuing efforts to educate Congress in advance of the next tax reform draft.Date: Wednesday, July 29th
Time: 11 AM EDT

Register now

 

The Top Rated Annual Meeting Workshop: The New Life Insurance is Now a Webinar!
John Hancock’s Greg Mack & Jennifer Tierney take a look into the future of life insurance and how the new Vitality product can open new markets and opportunities with new and better relationships and referrals.
Register nowEach EWS webinar is $27 for AALU Member’s, $45 for non-members and complimentary for 2015 Annual Meeting attendees. Encourage your team members to participate, too! 
Save the Date for the 2016 AALU Annual Meeting!
Join us for the premiere learning, networking and relationship building life insurance event, May 1-3, 2016 in Washington, DC.Click to download a calendar reminder.
Senate and House Appropriators Prohibit Funding for DOL Fiduciary Rule
Last week, both the House and Senate Appropriations Committees passed spending bills that would prevent the Department of Labor from using funds to complete and implement its proposed rule on a fiduciary standard of care.The AALU continues to work with a broad coalition and our IA and industry partners to push back against this unworkable rule. We will be providing formal comments jointly with NAILBA, and will be engaging the broader membership in this effort in the next week, in both commenting to the DOL and engaging in grassroots action alerts to the Hill and in-district meetings through the Summer. A Washington Report on the DOL report has been disseminated to the membership and a recording of our June 7th webinar on the rule is on the AALU website.Read more
Bernie Sanders Introduces Bill to Raise Estate Tax Rates
Democratic presidential candidate Senator Bernie Sanders (I-VT) introduced legislation that will lower estate tax exemption levels while raising estate tax rates as part of an attack on wealth inequality. Given the current Congressional makeup, this bill is unlikely to pass this session, but provides a framework for policy discussions in the Democratic Presidential nomination contest.Read more 
Meet 4 leaders that are transforming the insurance industry
Paul Blanco, LUTCF, is the managing director of the Barnum Financial Group, a Connecticut-based office of MetLife and a member of the MetLife Premier Client Group. Barnum has been named the insurer’s Firm of the Year seven times, with Paul guiding it from a 10-person organization in the early 1990s to one with more than 500 employees today, with offices in six states.Read more
WRMarketplace # 15-23
Topic: Time to Act Now: Family Limited Partnerships and Valuations Discounts.
Click to download the full report.
WRNewswire #15.06.22
Topic: FAILURE TO INFORM INSURER OF CHANGE IN HEALTH PRIOR TO POLICY DELIVERY
Click to download the full report.