After more than 13 years presiding over the Life and Health Insurance Foundation for Education (LIFE), David F. Woods, CLU, ChFC, LUTCF, 71, announced Nov. 20 that he will retire as its president, effective Dec. 31, 2007.
This comes on the heals of Woods also stepping down as the CEO at the National Association of Insurance and Financial Advisors on Aug. 31. He has subsequently been replaced there by John J. Healy, CAE, who came to NAIFA from the Washington-based American Machine Tool Distributors Association (AMTDA), where he served as its president and CEO.
Woods, who had served concurrently at NAIFA and LIFE, originally said he would remain at LIFE through some point in 2008. Upon further reflection with family and LIFE’s leadership, Woods decided to move up the timetable.
“Despite the keen sense of loss I am already beginning to feel at leaving a job I have loved for nearly 13 years, I am convinced it is the right thing to do at this time,” Woods said.
“This is a sad time for all of us at LIFE even though we all knew this day was coming,” said Marvin H. Feldman, CLU, ChFC, chair of LIFE’s board of directors. “David has been an integral part of LIFE’s success from the beginning thanks to his tremendous energy, commitment and vision. He leaves the organization stronger today than it has ever been.”
This year, the LIFE Foundation saw its membership surpass 130 companies for the first time, and company contributions grew for the third consecutive year. “LIFE has become a real force in the industry, and it will continue to go and grow for many years to come,” said Feldman.
While his full-time responsibilities will end Dec. 31, Woods has agreed to continue on an interim basis during the transition to new leadership. He will also consult the board chair on resource development and other special projects. A search committee, chaired by Mark D. Johnson, CLU, ChFC, RHU, past LIFE chair, has been created to find Woods’ successor “as soon as possible,” according to Feldman.
The staff at Senior Market Advisor wants to take this opportunity to thanks Woods for his efforts, and wish him all the best in a well-deserved retirement.