NAIFA Adds COVID-19 Support Program

The fund will help members and dependents pay medical bills and funeral expenses.

By Allison Bell | April 17, 2020 at 02:35 AM

The National Association of Insurance and Financial Advisors is starting a fund that will help NAIFA members, and the members’ legal dependents, cope with COVID-19-related bills.

The fund will use donations to help recipients affected by the pandemic pay medical bills and funeral expenses.

Anyone can donate to the fund.

Resources

·        Information about the NAIFA member support program is available here.

·        An article about a NAIFA financial literacy outreach program is available here.

NAIFA worked with the Community Foundation of Acadia to set up the fund.

The foundation helped NAIFA set up earlier support programs for members affected by major natural disasters, such as Hurricane Katrina in 2005.

Kevin Mayeux, NAIFA’s chief executive officer, said in a comment about the new fund that NAIFA members are working hard to help clients and others cope with the COVID-19 crisis.

“But we need to remember that financial professionals are not immune to the novel coronavirus and its potential to disrupt and devastate lives,” Mayeux said. “As the national professional association for agents and advisors, NAIFA is dedicated to doing everything we can to support our members during this difficult time.”

Allison Bell, ThinkAdvisor's insurance editor, previously was LifeHealthPro's health insurance editor. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached at abell@alm.com or on Twitter at @Think_Allison.

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