What Is IFAPAC?
The Insurance and Financial Advisors Political Action Committee (IFAPAC) is a term used to describe collectively the PAC sponsored by NAIFA at the federal level and the PACs sponsored by each state association. Each PAC is a fund that supports the campaigns of candidates for public office who understand issues important to insurance agents and financial advisors. IFAPAC’s goal is to help the associations advance the legislative and regulatory interests of the members of NAIFA. While any U.S. citizen can contribute to IFAPAC, only members of local NAIFA associations may be solicited to do so. Contributions must be voluntary. Contributions are not tax deductible for federal income tax purposes. Of approximately 4,600 political action committees registered with the Federal Election Commission, IFAPAC ranks in the top tier. IFAPAC is the largest insurance PAC in the country. In the last election cycle, the national IFAPAC contributed approximately $1.1 million to federal candidates and committees.
What Is APIC?
APIC is NAIFA grass roots effort. Its mission is to actively promote the involvement of agents and advisors in the election of candidates for local, state and national office, consistent with the legislative interests of the NAIFA federation and to identify and foster the creation of significant insurance agent and financial advisor relationships with elected officials.
You may have never run for public office. You might not know much about politics. But with APIC, you can still make a difference. Influence how Congress votes on legislation important to insurance and financial services professionals. You can get involved in a number of ways. The level of involvement is up to you.
You know the importance of managing risk. You do it every day. You manage risk related to length of life, disability, retirement, health, and investments. You have seen the danger of failing to prepare for the future, and you understand how damaging it can be to your business and, most importantly, your clients. Political risk - the risk your profession faces from the federal and your state government is just as real. This is why managing your political risk is so critical.
Political involvement protects against policies that undermine the insurance and financial services industry – and the perfect way to get involved is IFAPAC.
There is no better way to protect yourself and your business from political harm than to help elect lawmakers who know they have a powerful constituency of insurance industry and financial services professionals that is politically aware and actively involved. NAIFA members must invest in efforts to protect themselves against political risks just as they would invest to protect themselves.
How Do I Contribute?
Please visit our IFAPAC Donation website
and login with your NAIFA credentials. You may also contact our Advocacy Chair members.