U.S. life insurance agents will have to earn more this year to qualify for the 2009 Million Dollar Round Table.
The MDRT, Park Ridge, Ill., has announced that it has increased the U.S. production requirement to $87,900 in eligible commissions, or $175,800 in eligible premiums or new money invested.
Last year, to qualify in the United States, agents were required to produce $81,800 in eligible commissions or $163,600 in eligible premiums.
To qualify for 2009 Court of the Table status, agents must produce 3 times the amount required for initial MDRT qualification requirements. That’s $263,700 in eligible commissions or $527,400 in eligible premiums.