MILWAUKEE, Jan. 9, 2007 (PRIME NEWSWIRE) -- The National Association for Fixed Annuities (NAFA) announced today that it will hold a press conference on Tuesday, January 30th to release its "White Paper on Fixed Indexed Insurance Products Including 'Fixed Indexed Annuities' and Other Fixed Indexed Insurance Products."
The press conference will be held at the National Press Club in Washington, D.C. at 9:00 am Eastern Standard Time. Mike Tripses, NAFA Chair and Joan Boros, NAFA Vice Chair will be on hand to discuss the purpose of the White Paper and a panel of experts have been assembled to provide an overview of each section of the White Paper.
The White Paper was produced to contribute to the public's knowledge about fixed indexed annuities and other fixed indexed insurance products (FIPs). The White Paper establishes that fixed indexed insurance products are a natural evolution of the traditional fixed insurance product which offers one method of crediting interest. A complete reading of the White Paper will correct, clarify and confirm that the majority of fixed indexed annuities are a variation on traditional fixed insurance products that offer owners an opportunity, often on an optional basis, to receive interest based on positive changes in an independent financial markets index coupled with guarantees of purchase payments and minimum rates of interest.
NAFA has invited members of the press, regulatory personnel, industry trade journals, insurance companies, and affiliate trade associations to be on hand to discuss the Paper's content and ask questions following the Press Conference. Space is limited and you must be invited to attend. You may request an invitation today. Please visit www.nafa.us or call 888-884-NAFA if you have any questions. There is no charge to attend the conference for NAFA Members, NAFA Member's guests, and members of the press; all other attendees will be charged $295.00 in advance.