Industry Legend ‘Woody’ Woodson Dies At Age 93
Life insurance legend Benjamin N. “Woody” Woodson died on July 17 at age 93.
Woodsons 56-year industry career was marked with notable accomplishments.
A native of Altoona, Kan., he began his life insurance industry career as an agent with Mutual Trust Life in Chicago in 1928.
A Chartered Life Underwriter, Woodson held many leadership positions in various industry associations. He was appointed executive vice president of the National Association of Life Underwriters in 1951. He was also a founder and life trustee of the Life Underwriter Training Council and served on the boards of the Life Insurance Marketing and Research Association and the American Council of Life Insurance, and as president of the Texas Life Insurance Association.
In 1953 he became president of American General Life Insurance Company. From 1966 to 1975 he served as president of American General Insurance Company, and as chairman and CEO from 1972 to 1978.
Woodson also wrote the well-known column, “The Back Page,” for Life Association News. In 1963, he received the John Newton Russell Memorial Award from NALU.
Following his retirement, Woodson became a life insurance agent at age 70 and qualified six consecutive years for the Million Dollar Round Table, earning lifetime membership.
“Rarely does one person touch as many lives as Woody did,” said American General Chairman and CEO Robert M. Devlin. “He possessed a deep commitment to serving both the industry and our community, and he gave generously of his energy and talents throughout his lifetime.”
Reproduced from National Underwriter Life & Health/Financial Services Edition, July 27, 2001. Copyright 2001 by The National Underwriter Company in the serial publication. All rights reserved.Copyright in this article as an independent work may be held by the author.