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.
The IFAPAC network is needed even in years when there aren't federal elections. The candidate evaluation and support processes go on all the time. PACs that have the resources to make contributions when candidates need them most are highly visible in the political arena. IFAPAC occasionally makes debt-retirement contributions following elections and some states hold elections in odd-numbered years.
On the national level, a panel of ten NAIFA members, appointed by the Executive Committee of NAIFA, determines which candidates for federal office will receive PAC contributions. This group is called the Candidate Selection Group. Input from state and local association officers and current contributors is vital to the ability of the national selection committee to make informed decisions regarding which candidates to support. IFAPAC encourages contributors to provide factual information on candidates.
For more information about IFAPAC, please contact Hyatt Erstad, State Government Relations Chair, at hyatt@erstadandcompany.com.
The IFAPAC network is needed even in years when there aren't federal elections. The candidate evaluation and support processes go on all the time. PACs that have the resources to make contributions when candidates need them most are highly visible in the political arena. IFAPAC occasionally makes debt-retirement contributions following elections and some states hold elections in odd-numbered years.
On the national level, a panel of ten NAIFA members, appointed by the Executive Committee of NAIFA, determines which candidates for federal office will receive PAC contributions. This group is called the Candidate Selection Group. Input from state and local association officers and current contributors is vital to the ability of the national selection committee to make informed decisions regarding which candidates to support. IFAPAC encourages contributors to provide factual information on candidates.
For more information about IFAPAC, please contact Hyatt Erstad, State Government Relations Chair, at hyatt@erstadandcompany.com.
WHAT IS APIC?
Our system of representative government is designed to enable each and every one of us to provide our input to the key elected officials on issues that concern us. NAIFA's Advisors Political Involvement Committee (APIC) puts to good use our country's founding fathers' plan of "we the people, by the people." APIC harnesses the power of NAIFA's agents and advisors and channels it where it can have the greatest legislative impact.
APIC oversees a database of thousands of insurance agents who have volunteered to be part of NAIFA's nationally-recognized legislative action team. When federal legislation hits a crucial point in the legislative process on Capitol Hill, NAIFA activates its contact system. Agents and advisors all around the country communicate NAIFA's message on Capitol Hill about issues that affect their livelihoods. This contact takes place in the form of letters, faxes, phone calls and face-to-face meetings in the congressional districts and in Washington, D.C.
In short, you DO have the means to protect your livelihood from unwarranted changes. All it takes is your involvement and participation. As stated clearly in the quote by Senator Thad Cochran, if you don't help shape legislation by providing your input and expertise to your elected officials, you can be sure that someone else will. Your involvement in APIC at NAIFA assures that elected officials will hear your views on critical issues. By joining APIC, you will be on the legislative front line.
For more information about APIC, please contact EmmaLee Robinson, State APIC Chair, at emmalee.robinson.eu22@statefarm.com.
APIC oversees a database of thousands of insurance agents who have volunteered to be part of NAIFA's nationally-recognized legislative action team. When federal legislation hits a crucial point in the legislative process on Capitol Hill, NAIFA activates its contact system. Agents and advisors all around the country communicate NAIFA's message on Capitol Hill about issues that affect their livelihoods. This contact takes place in the form of letters, faxes, phone calls and face-to-face meetings in the congressional districts and in Washington, D.C.
In short, you DO have the means to protect your livelihood from unwarranted changes. All it takes is your involvement and participation. As stated clearly in the quote by Senator Thad Cochran, if you don't help shape legislation by providing your input and expertise to your elected officials, you can be sure that someone else will. Your involvement in APIC at NAIFA assures that elected officials will hear your views on critical issues. By joining APIC, you will be on the legislative front line.
For more information about APIC, please contact EmmaLee Robinson, State APIC Chair, at emmalee.robinson.eu22@statefarm.com.
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