Members of the Coalition for Indexed Products, a grassroots organization composed of marketing organizations, insurance companies and individual producers, further its anti-151A push today with a “National Call-In Day,” which, in effect, hopes to bombard federal representatives with facts and pleas to shout down the legislation.
Throughout the day, advisors are being asked to let their voices be heard. You can go to www.sec151a.com to get the specifics, but here’s the gist of the message as seen on the Web site:
STOP the Securities and Exchange Commission (SEC) from making Fixed Indexed Annuities (FIAs) into a registered security!
1) Always FAX your letters to Representatives and Senators.
3) VISIT – the local office of your Representatives and Senators!
4) REPORT BACK to us at the following email address so we can
can leverage your efforts: email@example.com
“Thank you! You are making a difference. This effort will only take a few moments and may change the future of the Fixed Indexed Annuity industry for years to come,” says the grassroots message. All of the fax and phone numbers are listed on the site.
As part of the call-in day, congressmen and senators are being asked to sign their support for Meeks-Price House Bill 2733 and Senate Bill 1389, both of which call for overturning 151A and have picked up significant support over the year.
Andrew Unkefer, president and CEO of Glendale, Ariz.-based Unkefer and Associates Inc., has spent much of the last year as a behind-the-scenes organizer for the Coalition’s various campaigns, including Nov. 10′s Call-In Day. Unkefer says the efforts, which have also included two industry lobbying missions to Washington, D.C. (the most recent on July 29), gave him a new perspective on the political process.
“When you spend enough time trying to be in touch with senators and congressmen, you pretty quickly see the importance of contacts and influence,” Unkefer says. “They do listen to you, if you go through the right process and channels. Now, it’s been good to see that the excitement is definitely higher and that there’s more positive energy. We still feel we can get this done and keep the movement and the momentum alive.”