NAFA Introduces Its 2025 Board of Directors
The National Association for Fixed Annuities (NAFA) has officially welcomed its new board of directors for the year 2025. The announcement was made during the association’s annual meeting, where members gathered to highlight candidates that were nominated and vetted through a thorough process.
Commitment to Growth and Collaboration
This newly appointed board is set to work diligently with NAFA staff and volunteers to forge a bold vision for the future. Their aim is to enhance the educational offerings and amplify the value that NAFA provides to its members and stakeholders alike. This strategic planning is designed to strengthen the workforce in the fixed annuity sector, ensuring that the industry is prepared for the challenges ahead.
New Members Join the Board
The board will now include five new members who bring a wealth of experience and innovative ideas. The new members are Bryce Biklen from North American Company for Life & Health, Tom Bumbolow of American Life & Security Corp., Sarah Garrity from BlackRock, Jamie Kosharek of Global Atlantic Financial Group, and Ann Raible from Nationwide. This diverse group of leaders is poised to make significant contributions toward the association's mission.
Leadership Transition
David Wolfe from Advisors Excel will take on the role of chairman of the board of directors, succeeding Kevin Mechtley. Joining him are Andrew Payne as vice chair and Eric Taylor as secretary, with Dan Acker of SILAC Insurance Company taking the role of treasurer. This transition in leadership marks a new chapter for NAFA, one defined by collaboration and unified efforts.
A Year of Advocacy
In the face of ongoing challenges such as inflation and market uncertainties, NAFA has focused on advocacy efforts, particularly around policies affecting retirement savings. NAFA President and CEO Chuck DiVencenzo emphasized that the commitment to promoting fixed and indexed annuities remains stronger than ever. With a surge in annuity sales, the association aims to leverage this momentum for further growth.
Fostering Innovation and Education
The direction set by this board emphasizes not only advocacy but also the importance of education in the sector. By intensifying efforts to educate agents, financial advisors, and consumers about fixed annuities, NAFA seeks to enhance overall understanding and accessibility of these financial products.
Recognizing Previous Board Contributions
DiVencenzo recognized the significant contributions of outgoing board members. Maureen James, Brendon Kelly, Darcy Matz, Tiya Stanley, and Igor Zamkovsky were honored for their dedication and efforts through their terms. Their service was celebrated with commemorative plaques as a token of gratitude.
About NAFA
NAFA serves as the leading trade association dedicated exclusively to the fixed annuity marketplace. Its mission encompasses promoting awareness and understanding of fixed annuities, thereby educating individuals and entities involved in these financial instruments. Founded in 1998, NAFA continues to represent a broad spectrum of participants including independent agents, advisors, and brokers.
Frequently Asked Questions
What is the mission of NAFA?
The National Association for Fixed Annuities aims to promote awareness and understanding of fixed annuities and educate stakeholders about their value and benefits.
Who are the new board members of NAFA for 2025?
The new members include Bryce Biklen, Tom Bumbolow, Sarah Garrity, Jamie Kosharek, and Ann Raible.
What role does David Wolfe assume in 2025?
David Wolfe will take on the role of chairman of the board of directors, guiding the strategic direction of NAFA.
What are the key focus areas for NAFA in 2025?
NAFA will focus on advocacy, education, and enhancing the value it offers to its members in the fixed annuity sector.
When was NAFA founded?
NAFA was established in 1998 and has since been dedicated to fixed annuities and their role in financial planning.
