Insurance and Financial Advisors Political Action Committee
What is IFAPAC
Insurance and Financial Advisors Political Action Committee (IFAPAC) is a term
used to describe collectively the PAC sponsored by NAIFA at the federal level
and the PACs sponsored by each state association. Each PAC is a fund that
supports the campaigns of candidates for public office who understand issues
important to insurance agents and financial advisors. IFAPACís goal is to help the associations advance the
legislative and regulatory interests of the members of NAIFA. While any
The IFAPAC network is needed even in years when there aren't federal elections. The candidate evaluation and support processes go on all the time. PACs that have the resources to make contributions when candidates need them most are highly visible in the political arena. IFAPAC occasionally makes debt-retirement contributions following elections and some states hold elections in odd-numbered years.
On the national level, a panel of ten NAIFA members, appointed by the Executive Committee of NAIFA, determines which candidates for federal office will receive PAC contributions. This group is called the Candidate Selection Group. On the state level, contributions to candidates are made via a similar volunteer committee process. Input from state and local association officers and current contributors is vital to the ability of state and national selection committees to make informed decisions regarding which candidates to support. IFAPAC encourages contributors to provide factual information on candidates.