A leading membership organization for financial services professionals is extending help to producers hit hard by hurricanes Katrina and Rita.[@@]
The National Association of Insurance and Financial Advisors, Falls Church, Va., has created a charitable fund for life insurance agents and advisors. The NAIFA Hurricane Relief Fund will draw on donations from NAIFA members and employees to provide financial support for insurance agents and financial advisors in Louisiana, Mississippi and Alabama who have been significantly affected by the 2005 hurricanes.
The support will cover both business and personal losses, but it will focus on losses caused by interruption of business and by physical losses that are not easily insured.
“There have been numerous requests from NAIFA members across the country who have wanted to help their own in the affected areas, so they can do their jobs to help others,” says NAIFA President David Smithkey in a statement. “A fund such as this gives us the opportunity to respond to these requests.”
Thousands upon thousands of consumers need service and advice from insurance agents and other financial advisors, Smithkey says.
In addition to creating the new relief fund, NAIFA has participated in many general hurricane relief efforts.