Cary founded Actuarial Strategies in1991. The firm has gained recognition for the combination of its creative product development activities and solid core actuar-ial and financial expertise. His education includes a BS degree from the City College of New York and an MA degree in Mathematics from Syracuse University. Cary writes for the National Underwriter and has presented

frequently at various industry conferences. He’s a member of the Hartford Actuaries Club, a charter member of the Society of Actuaries Foundation, a member of NAVA, and has served on a number of in-dustry group task forces. Cary hails from Bloomfield, CT. Check out his website at: http://www.actstrat.com/carylakenbach.htm

Name__________________________________________ Company:________________________________________

E-mail address: ______________________________________________ Telephone: ___________________________

      Members & Guests: $15.00 (reservations required) Guest Name: ______________________________________

          $20.00 At the Door (without prior reservations)

  Enclosed is my check for $___________ payable to NAIFA Honolulu

Reservation Form • Ala Moana Hotel • February 25, 2010Please return this form by February 19, 2010

(please cooperate – hotel needs accurate lunch count)

Please return by February 17, 2010Mail to: 516 Kawaihae Street, #EHonolulu, Hawaii 96825 or Fax to 395-4417and pay at the door.

TO RESERVE: Complete and return this reservation form. Be sure to send in the form by the deadline. Any guest attending must be indicated on the reservation form. POLICY: We must receive your reservation by the specified deadline date. Reservations are absolutely required for food service. To cancel your reservation, please call Cynthia Hayakawa at 394-3451, leave your message no later than 72 hours prior to the event. If you fail to do so, you will be billed for the cost of the meal. No-shows will be billed for the meal cost as well. Member’s reservations are non-transferable.

February 2010

NAIFA NewsNational Association of Insurance and Financial Advisors

The Pension Protection Act of 2006 (PPA) provides for ex-tremely favorable income tax treatment of qualified Long Term Care Insurance Riders/Provisions attached to Annuity Contracts. All types of annuities are so cov-ered. The significant amount of assets accumulating within annuities and mutual funds by owners at or near retirement

age provide an optimal source of funding for such annuities.  Cary will guide you through treatment of gain, exchange provisions, potential LTC benefit growth, lock in provision, ex-tended benefit coverage, & no benefit compromises.

Date: February 25, 2010

Place: Ala Moana Hotel – Garden Lanai

Registration: 11:30 am Lunch Buffet: 11:45 amCE Program: 12:30 to 1:30 pm

Cost: $15 Members & Guests (reservations required) $20 At the Door (without prior reservations)

LEGISLATIVE ALERT:Be on the look out for emails from our Executive Director, Cynthia Takenaka on legislative matters. Timing is critical for submitting testimonies & contacting legislators. Please be sure to allow emails

from: hayacyn@hawaii.rr.com

Speaker: Cary O. Lakenbach, FSA, MAAA, CLU – President Actuarial Strategies

Lunch sponsor: Raymund Caparas, Regional Vice President of Prudential Select Brokerage Phone: 925-963-9853 email: Raymund.Caparas@prudential.com

Topic – Combination Annuities A New Way to Address Retirement & Long Term Care NeedsOne Hawaii Life/ Health Insurance CE Credit APPROVED (Course code: LC209018)

EXECUTIVE DIRECTORCynthia Hayakawa Takenaka

516 Kawaihae Street, #EHonolulu, HI 96825

Phone: 394-3451Fax: 395-4417

e-mail:

NAIFA-Hawaii@hawaii.rr.com

MEMBERSHIP CO-CHAIRSMichael Ceci, CLU, ChFC

New York LifePhone: 529-6372

e-mail:mceci@ft.newyorklife.com

Homer Smith, CFP®, CRPCAmeriprise Financial Services

Phone: 952-1111e-mail:

Homer.S.Smith@ampf.com

WEBSITES:

NAIFA Honoluluwww.naifanet.com/honolulu

NAIFAwww.naifa.org

President’s Message by Darin K. Inouye

UNDER SIEGE!!!  That is what is happening to our industry in our State as the Legislature tries to find new ways to fund the budget defi-cit. This is on top of what is being proposed on the Federal level.

How would you feel about a 2,600% increase in your GE tax liability every year?

There are proposals to increase our GE tax rate on insurance commis-sions from 0.15% to 4% for neigh-bor islanders, 4.5% for Oahu resi-dents and insurance premium tax increases as well.

Now more than ever, NAIFA needs your support to help fight the battle in the Legislature to preserve your livelihood and those of your clients. It’s important that we unite our efforts to reach out to the legisla-tors we know and educate them

on the impact their proposals will have on our industry and our cli-ents.  

We ask that you communicate with us of any relationships you may have with a current House or Senator member so that we may schedule a meeting to discuss our agenda. Furthermore, we ask that you help us increase our member-ship to be a stronger voice and that you contribute to IFAPAC to help continue the fight on Capitol Hill and at our State Capitol.

We realize how tough it is in this bad economy but things could get tougher without your support. Each and every one of you could make a difference. Gather your fellow associates and PLEASE help us fight for you. We would appreci-ate your help in any way that you can.  MAHALO.

Page 2

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WELCOME NEW MEMBERSMikaiel Amistoso

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Andrew BalmoresNew York Life

Calen MatsunoAdvantage Group, LLC

The new NAIFA Online Seminar Series features training and information programs on various topics important to running your business and enhancing your success, including practice management, sales, marketing, and prospect-ing, each with specific content for every career stage. 

Visit the NAIFA Online Seminar Series and login as a member at:www.naifa.org/benefits/prof_programs/online.cfm

Questions? Contact the NAIFA ProfessionalDevelopment and Education Department at 877-866-2493.

Tap Into a New Structure of Learning with the New NAIFA Online Seminar Series

Page 3

The following members have earned the National Quality Award & National Multi Line Sales Award. They will be presented with their awards at the February 25, 2010 lunch meeting. Our congratulations go out to them. You can download the 2010 applications at:http://naifa.org/benefits/awards/documents/industry2010.pdf

Congratulations!

Member Benefits Information

The 2010 Manager’s Membership Award

Connecting You to the Recognition You Deserve!NAIFA’s Manager’s Membership Award recognizes orga-nizations that support a strong financial services industry by investing in NAIFA and its efforts. Life, health and multiline agencies and financial groups are encouraged to receive this award by ensuring that a certain percentage of their agents, based on the organization’s size, are NAIFA members. Website: http://www.naifa.org/benefits/awards/membership.cfm

Experienced Coaches • Bob Arzt • Stan Hustad • Norm Trainer

As an insurance agent and/or financial advisor, two critical aspects of your business are often top of mind: manag-ing your client and prospect relationships and effectively acquiring and retaining clients. To do so, you need to apply efficient use of resources to achieve success and results. NAIFA has partnered with a select group of experienced, in-dustry-focused coaches to provide NAIFA members access to products and programs created by this coach community to further enhance your growth and success, as well as opportunities for individual and group coaching at special member rates.

Go to: http://www.naifa.org/benefits/networks/naifacoach.cfm

Bryan I. AzumaAwards: NQA / 8Company: Securian Financial Network

Marcus R. BolandAwards: NQA / 12Company: Northwestern Mutual

Gregg T. Fujimoto, CLU, ChFCAwards: NQA / 31Company: Northwestern Mutual

Reid MatsushimaAwards: NQA / 3Company: Northwestern Mutual

Rosten Y. Tsuha, CLUAwards: NMSA / 2Company: State Farm Insurance Companies

Rosten Y. Tsuha, CLUAwards: NQA / 4Company: State Farm Insurance Companies

Henry K. UyeharaAwards: NQA / 7Company: State Farm Insurance Companies

Susana S. W. WongAwards: NQA / 8Company: New York Life

John YuAwards: NQA / 2Company: Northwestern Mutual

The NAIFA Industry Awards program recognizes life, health, multiline, home service and financial planning professionals who seek to maintain high standards in the insurance-based financial services industry. By continuing to meet the standards set by the NAIFA Industry Awards for quality, dedication and sales achievement, you can attain personal satisfaction, as well as evidence of a job well done. NAIFA mem-bers who reach these levels of achievement win more than an award, they attain recognition that distinguishes them as an outstanding professional. National Quality Award - created in 1944, the NQA recognizes agents whose persistency records indicate competence and dedication to the insurance indus-try and their clients. Agents who win this award have tangible evidence signifying that the products they sell will meet the client’s needs.

National Sales Achievement Award - created in 1966, the NSAA recognizes local association members who write large numbers of life and health insurance policies, thereby demonstrating their abilities in client building and their success as an insurance agent.

National Multiline Sales Award - recognizes multiline agents for growth in life insurance sales. To be eligible, agents must have $20,000 of new paid life premium with a minimum of 15 new life applications or 40 new life applications, 250 new property and casualty poli-cies issued, and cross sell 100 applications of an ad-ditional line for new and or existing clients (you may include the property and casualty policies mentioned above).

Go to:http://www.naifa.org/benefits/awards/industry.cfm

NAIFA Industry AwardsDeadline April 1, 2010

Page 4

Club Type Annual Contribution Monthly Bank DraftCapitol $5,000 $416/month Emissary $2,500 to $4,999 $210 � $415/month Diplomat $1000 to $2,499 $84 - $209/month Envoy $500 to $999 $42 - $83/month Statesman $300 to $499 $25 - $41/month Ambassador $200 to $299 $17 - $24/month Century $100 to $199 $8.50 - $16/month Investor $50 to $99 *$5 - $8.25/month (Club Types are merely suggested amounts) (*minimum for bank draft)

Name _______________________________________________ Contributions to IFAPAC are voluntary, divided between your state association IFAPAC &

NAIFA Member # ______________________________________ IFAPAC-National and contributed to candidates for State Elective Office (by your state IFAPAC)

Address _____________________________________________ or for Federal Elective Office (by IFAPAC - National) Your State IFAPAC is affiliated with

City _______________________ State _______ Zip _________ IFAPAC-National through a federation of local, state and national trade associations. Corporate contributions to IFAPAC-National�s

___ Make my contribution in one annual amount: political fund is prohibited. Under state and federal law, you have a right to refuse to

My personal check is for $______________________ contribute without reprisal. Contributions are not deductible as charitable contributions for federal income tax purposes.

Please charge my personal: VISA MasterCard American Express (circle one)

Account # _______________________________________________ Expiration Date________________

Annual Amount $____________ Signature________________________________________________ (We Cannot Charge Credit Cards Monthly)

__ I currently contribute on Bank Draft. Increase my Monthly Contributions to $___________________________

__ I would like to enroll in the monthly Bank Draft Plan. Enclosed is my check for the first month�s payment. I have completed the information below.

Monthly Bank Draft Authorization I hereby authorize IFAPAC to withdraw from my account the amount specified every month. This authorization will remain in effect until revoked by me in writing and until IFAPAC receives such notice. I agree that IFAPAC shall be fully protected in honoring such withdrawals. In consideration of IFAPAC�s compliance with such request and authorization, I agree that IFAPAC�s treatment of each such check and IFAPAC�s rights in respect to it, shall be the same as if it were signed personally by me and that if any such check be dishonored, IFAPAC shall be under no liability whatsoever even though such dishonor results in the forfeiture of IFAPAC membership.

Name of Depositor (as shown on bank records) _____________________________________________________

Account Number ______________________________________________________________________________

Name of Bank and Address of Bank Branch where Account is maintained _________________________________

____________________________________________________________________________________________

Amount of Draft per Month $_______________________ When signing up for a bank draft, enclose a voided check.

Signature(s) of Depositor(s) (as shown on bank records)

X _______________________________________________________ Date ___________________

X (if joint)_________________________________________________ Date ___________________

Return Form & Contributions to: IFAPAC, 516 Kawaihae Street #E, Honolulu, HI 96825-1240 or FAX completed form to (808) 395-4417. Questions, call 394-3451.

Page 5

The NAIFA News Honoluluis published four times throughout

the year by NAIFA Honolulu. This publication is expressly for

communicating association events to the members of the

NAIFA Honolulu.

Darin K. InouyePresident

BLM Advertising ServicesDesign & Layout

PresortedStandard

U.S. PostagePAID

Honolulu, HIPermit No. 1220

NAIFA News - Honolulu516 Kawaihae Street, #EHonolulu, Hawaii 96825

Page 6

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