National Association Of Insurance And Financial Advisors - NAIFA


DEFINITION of 'National Association Of Insurance And Financial Advisors - NAIFA'

A nonprofit group that works on behalf of its members to promote a favorable regulative environment, provide professional education services and ensure ethical professional conduct for insurance and financial advisors.

The NAIFA also provides its members with sales training, networking facilities and other tools to help them succeed and build their practices. In addition, they lobby on Capitol Hill to promote favorable legislation for the insurance and financial advisory industry.

BREAKING DOWN 'National Association Of Insurance And Financial Advisors - NAIFA'

The NAIFA was originally founded in 1890 as the National Association of Life Underwriters. The organization believes that life insurance and other risk mitigation practices should be at the core of a solid financial plan. NAIFA has many endorsements from large insurance and financial corporations, who encourage their employees to join a local NAIFA chapter.

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  1. What is the difference between a peril and a hazard?

    The two related terms "peril" and "hazard" are often used in reference to the insurance industry. Essentially, a peril is ... Read Full Answer >>
  2. What level of reserve ratios is typical for an insurance company to protect against ...

    In the United States, and most developed nations, regulators impose required statutory capital reserve ratios on insurance ... Read Full Answer >>
  3. What risks do I face when investing in the insurance sector?

    Like all equity investments, insurance companies present investors with market risk. Insurance companies, like banks, also ... Read Full Answer >>
  4. Why do insurance policies have deductibles?

    Insurance policies have deductibles for behavioral and financial reasons. Moral Hazards Deductibles mitigate the behavioral ... Read Full Answer >>
  5. Can I buy insurance to reduce unlimited liability in a partnership?

    Partnership insurance is actually quite common. Most of the time, partners buy insurance to safeguard against the possibility ... Read Full Answer >>
  6. Is it more important to have a low deductible or a low premium?

    The choice between a low deductible or a low premium is a personal one. There is no right or wrong arrangement, but there ... Read Full Answer >>

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