History of advocacy success
Finseca, created in 2020 by the union of AALU and GAMA, is the leading organization for financial professionals who provide life insurance and retirement planning solutions for individuals, families, and businesses.
Headquartered in Washington, D.C., Finseca is committed to providing members with the tools and services required to grow their businesses, serve their clients, and protect the financial and retirement security of the American people.
Finseca brings an unparalleled history of advocacy successes on behalf of the financial security profession.
Headquartered in Washington, D.C., Finseca is committed to providing members with the tools and services required to grow their businesses, serve their clients, and protect the financial and retirement security of the American people.
Finseca brings an unparalleled history of advocacy successes on behalf of the financial security profession.
In 2022
Finseca helped usher SECURE 2.0 into law creating billions in new retirement savings.
In 2021
Congress embarked on an ambitious effort to rewrite the Federal Tax code in the Inflation Reduction Act.
Due to Finseca’s advocacy and the efforts of its volunteer Ambassadors, we:
In 2020
Finseca helped secure the change to 7702 ensuring that whole life products would continue to be available to Americans in a low-interest rate environment and leading to product innovation.
In 2019
Treasury clarifies that life insurance professionals are eligible for the full 20% small business deduction under Section 199A.
In 2018
Onerous Department of Labor Fiduciary Rule Vacated by 5th Circuit Court of Appeals.
In 2017
Inside Buildup of Life Insurance Taken off the Treasury Department’s Tax Expenditures List.
Tax Cuts and Jobs Act (TCJA) Key Results:
Tax Cuts and Jobs Act (TCJA) Key Results:
Read more on the legacy of AALU’s leadership in tax reform.
In 2015
Inside Buildup of Life Insurance Taken off the Joint Committee on Taxation’s Tax Expenditure List.
In 2014
Tax Reform Legislation Dies; Included $60 Billion in Taxes Against Carriers and Products.
In 2009-2013
Series of Taxes on COLI & DRD Rebuffed.
In 2012
Estate Tax Reform with Reunification Made Permanent.
In 2010
Reunification of Estate and Gift Tax and Exemptions Enacted.
Language in Dodd-Frank to Study and Safeguard Standards of Conduct at the SEC.
Language in Dodd-Frank to Study and Safeguard Standards of Conduct at the SEC.
In 2003-2006
COLI “Best Practices” and Benefits Legislation Signed Into Law.
In 2002
Non-Qualified Deferred Compensation (NQDC) and COLI Attacks Repelled.
In 1998-2000
Attacks on COLI, Annuities, Variable Life, and More Defeated.
In 1992
Tax on Corporate Owned Life Insurance (COLI) and Annuities Defeated.
In 1990
Legislation to Change Treatment of Business Uses of Life Insurance Proposed; Does Not Advance.
In 1984-1985
Tax on Life Insurance Inside Buildup Defeated.
