Bill Barrett, a founder and charter member of the International DI Society, was presented with the W. Harold Petersen Lifetime Achievement Award, which is given to an individual who has made a special contribution to the disability insurance industry. Recipients are nominated by their peers as members of the International DI Society, and a final decision is concluded by the selection committee. W. Harold Petersen, the founder of the award, is on the selection committee. Along with Eugene Cohen, Ron Cohen, Kenneth Wylie and Mike Eskra Sr., Barrett was the fifth award recipient.

In 1969, Barrett began his career in the insurance industry, and by 1973, he established a new disability brokerage agency in Los Angeles for a prominent disability carrier. In 1975, he became a disability insurance consultant to physicians of the Los Angeles County Medical Association and also started his own brokerage firm, WJ Barrett Insurance Agency, focusing on disability insurance with multiple insurance companies, which distributed in six western states.

Throughout his career, Barrett has consulted with many carriers on brokerage distribution systems and disability insurance product development and has also served on multiple agent and general agent advisory councils, taught disability insurance classes, guest speaker and authored articles for trade publications.

In 1998, Barrett helped found The Plus Group LLP, a national disability insurance marketing organization with 20 nationwide partners, where he served as president for four years and is a consultant to the board of directors.

In 2005 Barrett co-founded the International DI Society and has acted as president and vice president and has also served on the executive board of directors.