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Heather Kane to Chair National Association for Fixed Annuities

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What You Need to Know

  • NAFA was founded in 1998 to support the fixed annuity market.
  • Kane is a sales executive at EquiTrust.
  • Chuck DiVencenzo continues to be the NAFA president and CEO.

Members of the National Association for Fixed Annuities have elected Heather Kane to be the 2022 board chairman.

Kane, who has been the vice chair of the Washington-based group, succeeds Lauri Beck.

Kane is a sales executive at EquiTrust Life Insurance Company in Norwalk, Iowa. She has been active in the annuity market since 2000, when she was an annuity sales desk trainer at ING.

The other 2022 NAFA officers are:

  • Vice Chair: Mike Morrone
  • Secretary: Kevin Mechtley
  • Treasurer: David Wolfe

Chuck DiVencenzo continues to be NAFA’s president and CEO.

Why NAFA’s Leaders Matter

NAFA is one of the groups working to shape annuity laws and regulations in Washington and in state capitals, and to provide other types of support for fixed annuity community members.

In a statement, DiVencenzo said that the group has been working to help members face the effects of low interest rates, the COVID-19 pandemic and changing regulations on the fixed annuity market.

“We continue to increase awareness of fixed and fixed index annuities as part of a financial plan and retirement income strategy for Americans,” DiVencenzo said.

NAFA is working to promote passage of a Retirement 2.0 package, and it’s also leading National Annuity Awareness Month initiatives, DiVencenzo added.

NAFA helps arrange for governors to issue National Annuity Awareness Month proclamations every June.

The group was founded in 1998. Its latest publicly available Form 990 filing, from 2019, shows that it generated a gain of $36,578 on $1.1 million in revenue and $557,314 in assets...

The U.S. Capitol (Photo: Shutterstock)