NAILBA - National Association of Independent Life Brokerage Agencies

  • (p40) - Adjustable Life Insurance—An adjustable life insurance product contains all the usual features of traditional cash value insurance with the added flexibility of allowing the policy owner to adjust the plan of insurance, the premiums and/or the face amount. Rather than issue a new policy every time an adjustments is made, changes are incorporated within the original policy.
    • Increases in face amount, except guaranteed cost-of-living increases, generally require evidence of insurability.
    • The plan of insurance is deemphasized with adjustable life.
    • Instead, the major thrust is to coordinate current life insurance needs and premiumpaying ability. As either of these changes, the plan of insurance can be adjusted.
    • At any given time, the plan may be term or permanent insurance, ranging from five-year term to five-pay whole life.
    • Adjustable life can be changed, within limits, in a number of ways. For example, the policy owner may:
      • - Increase or decrease the premium
      • - Increase or decrease the face amount
      • - Lengthen or shorten the protection period
      • - Lengthen or shorten the premium-payment period

2010 - NAILBA - Brokerage Desk Reference - 179p

  • (p17) - I am appearing today on behalf of NAILBA, the principal trade association representing wholesale life brokerage. 
    • NAILBA is a nonprofit trade association with over 350 members in the United States. 
    • We represent 100,000 producers, who deliver over $1 billion of life premium a year. 
    • A normal NAILBA member agency may employ anywhere from 10 to 30 employees, and operate in an average of 31 States.
    • We are small businesses, but we represent the fastest growing distribution of life insurance.

Currently, we produce over 60 percent of the life insurance written in the United States today, and it is projected by the year 2020, we will be writing over 80 percent.  (p16)

  • (p17) - The insurance carrier will outsource sales, marketing, agent training, and some underwriting functions to NAILBA member agencies.
    • By eliminating these functions, it allows a life insurance company to focus on product manufacturing and applying the savings to more competitive and consumer-friendly products

--  Statement of John W. Felton, President, Tennessee Brokerage Agency, Testifying on Behalf of the National Association Of Independent Life Brokerage Agencies (NAILBA)

  • (p28) - John W. Felton:  I think on behalf of NAILBA, we are willing to work with anyone that is going to improve the life insurance arena for the consumer

2007 1030 - GOV (House) - Additional Perspectives on the Need for Insurance Regulatory Reform - [PDF-180p

  • VUL sales are being driven by very robust market conditions for the product, agreed a panel of industry executives at the National Association of Independent Life Brokerage Agencies' virtual annual meeting.
  • "The market conditions are absolutely right.
    • The economic indicators would tell us that VUL is a really good spot to be," said Doug Winkler, vice president of independent distribution for Prudential.
    • "Recently, IUL has been sort of the dominant new product.
    • But with low interest rates, meaning lower option budgets, we think that the opportunity to transition to VUL is very strong."

2021 1116 - InsuranceNewsNet - VUL Set To Take A Bigger Bite Out Of Life Sales, NAILBA Panel Says, By John Hilton - [link]