WASHINGTON BUREAU — Marvin Feldman, president of the Life and Health Insurance Foundation for Education, will be the recipient of the 70th annual John Newton Russell Memorial Award.

The National Association of Insurance and Financial Advisors (NAIFA), Falls Church, Va., plans to give the reward to Feldman in September in Washington, at NAIFA’s annual meeting.

Jeffrey Taggart, chairman of the award committee, says the award is like an insurance industry version of the Oscar, except that “we give out only one each year.”

The award “recognizes the best of the best, and Marv is a very deserving member of this elite group,” Taggart says.

Feldman entered the life insurance business in 1967 as an agent of New York Life Insurance Company, New York. He held management and leadership positions with New York Life before becoming a partner in the Feldman Agency, East Liverpool, Ohio, and president of Feldman Financial Group, Clearwater, Fla.

Feldman has spoken as an expert on life insurance topics before audiences in 34 countries. He was named president of LIFE in December 2007.

Other Marvin Feldman coverage from National Underwriter Life & Health: