Miscellaneous Observations on Life Insurance: Including an Update to 2007...
What Kind of Term Life Insurance Should I Buy? This simple question does not have a simple answer. About 1985, the author had the assignment of developing new term rates for Massachusetts Savings Bank...
View ArticleNational Survey Reveals Important Income Protection Needs, and Opportunities,...
Washington, D.C. – In a national survey of nearly 1,200 employees, the Consumer Federation of America (CFA) and Unum learned that workers know little about group disability insurance, even important...
View ArticleEmployee Knowledge and Attitudes about Employer-Provided Disability Insurance
Introduction Employer-provided disability insurance, along with other forms of insurance such as workers’ compensation and Social Security Disability Insurance (SSDI), provide financial protection to...
View ArticleConsumer Groups Comments Regarding Proposed Charges for the NAIC Life (A)...
The undersigned NAIC Consumer Representatives and Consumer Organizations write to urge the members of the A Committee to adopt the proposals and recommendations contained in the Center for Economic...
View ArticleCFA Calls on Insurance Commissioners to Stop Unfair Price Hikes in Universal...
Consumer Federation of America is calling on insurance commissioners to take action to study and prohibit any unfair price increases being imposed on citizens Universal Life insurance policies. The...
View ArticleCFA Calls on State Insurance Commissioners to Stop Unfair Price Hikes in...
Washington, D.C. – The Consumer Federation of America (CFA) has sent a letter to all state insurance commissioners asking them to take action to study and prohibit any unfair price increases being...
View ArticleLower-Income Households and the Life Insurance Marketplace: Should We Be...
Historically, life insurance has played an important role in helping protect household incomes and facilitate saving. However, household participation in the life insurance marketplace has declined for...
View ArticleConsumer Groups Offer Draft Comments on Stronger Cybersecurity Principles
The Consumer Federation of America (CFA), Center for Economic Justice (CEJ), United Policyholders (UP), and National Consumer Law Center (NCLC) offered comments on the draft Principles for Effective...
View ArticleConsumer Alert: What to Expect When the DOL Conflict Rule Goes Into Effect
Thanks to the Department of Labor’s new conflict of interest rule set to take effect on June 9, workers and retirees will finally be legally entitled to retirement investment advice that serves their...
View ArticleConsumer Coalition Submits Comments That Would Improve Protections for...
Led by the Consumer Federation of America (CFA), a coalition of consumer and union groups submitted comments to the National Association of Insurance Commissioners (NAIC) urging amendments to NAIC’s...
View ArticleCFA Urges NAIC to Withdraw and Revise Proposal Which Falls Short of True Best...
In a letter to Jolie H. Matthews, Senior Health and Life Policy Counsel for the National Association of Insurance Commissioners (NAIC), CFA is encouraging the withdrawal and revision of NAIC’s...
View ArticleCFA, Public Interest Groups Suggest Improvements to New York State Department...
CFA and other public interest organizations have submitted a letter in response to the New York State Department of Financial Services’ request for comment on its proposal to create a best interest...
View ArticleConsumer Groups Offer Proposed Edits to Model Regulation for a Best Interest...
The Consumer Federation of America (CFA) and Center for Economic Justice (CEJ) issue proposed edits to the National Association of Insurance Commissioners’ Suitability Model Regulation for a Best...
View ArticleConsumer Groups Call For Essential Consumer Protection Amendment to Help...
The Consumer Federation of America (CFA) and Center for Economic Justice (CEJ) sent a letter requesting an amendment to the Retirement Enhancement and Savings Act. The amendment would modify the...
View ArticleConsumer Groups Strongly Criticize State Insurance Regulators for...
Washington D.C. – The Center for Economic Justice (CEJ) and the Consumer Federation of America (CFA) are urging state insurance regulators on the National Association of Insurance Commissioners (NAIC)...
View ArticleConsumer Federation of America Urges Strong Fiduciary Standards for Investors
On January 6, 2020, Consumer Federation of America (CFA) wrote a letter urging the state of Massachusetts to adopt a proposal requiring strong fiduciary standards for investment brokers and dealers who...
View ArticleDOL Rule Would Expose Vulnerable Retirement Savers to Harmful Advice
The Trump Administration rolled out a new regulatory package for retirement investment advice that, if finalized, would allow brokers and insurers to siphon billions of dollars a year out of the...
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Brokers and Insurers Cry Foul Over DOL Advice Rule
By: Barbara Roper, CFA Director of Investor Protection Last week, the comment period closed on the Department of Labor’s proposed advice rule, which was strongly opposed by groups representing workers,...
View ArticleDOL’s Proposed Advice Rule Would Surrender Vulnerable Retirement Savers to...
Washington, D.C. — Today, CFA’s Director of Investor Protection Barbara Roper is scheduled to testify at the Department of Labor’s (DOL) hearing on its proposed anti-consumer retirement advice rule,...
View ArticleCFA’s Plan for Improving Consumer Understanding of Life Insurance and...
The Consumer Federation of America (CFA) organizes a wide variety of consumer education and protection work concerning life insurance and related products. CFA, which is comprised of more than 250...
View ArticleCFA Urges NAIC and Life Insurance Companies to Make Reasonable Underwriting...
Consumer Federation of America sent a letter to the National Association of Insurance Commissioners, urging them to adopt a model rule for life insurance underwriters who might delay or deny coverage...
View ArticleRecovered COVID-19 Patients Facing New Life Insurance Hurdles in Europe,...
Washington, D.C. — Consumer Federation of America (CFA) sent a letter to the National Association of Insurance Commissioners (NAIC) urging them to adopt a model rule for life insurance underwriters...
View ArticleLife Insurers Are Delaying Covering Applicants Who Previously Had Covid-19
Washington, D.C. – The American Council of Life Insurers (ACLI), the largest trade organization of life insurance companies in the nation, has confirmed CFA’s concern that some American consumers...
View ArticleCFA Urges Secretary Shinseki to Take Action Against Life Insurers Denying...
The Honorable Eric Ken Shinseki Secretary United States Department of Veterans Affairs 810 Vermont Avenue, NW Washington, DC 20420 Dear Secretary Shinseki: The Consumer Federation of America (CFA)...
View ArticleLong-Term Disability Income Insurance Brochure
A serious illness or injury can harm more than your health—it can have an impact on your ability to work and meet your family’s living expenses. Long-term disability income insurance helps you pay...
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