The National Association of Insurance and Financial Advisors says it wants the U.S. Department of Defense to come up with military base consumer protection rules that will be fair to financial advisors.[@@]
NAIFA, Falls Church, Va., has submitted recommendations to the Defense Department on revisions to the rules that govern the sale of life insurance products and other financial services products to military personnel on military base grounds.
The Defense Department is considering rules changes in response to a series of reports of soldiers buying unsuitable policies and investment products.
In its recommendation to the Pentagon, submitted earlier this week, NAIFA suggested that the current rules be left largely intact.