New York Life has dominated the Million Dollar Round Table (MDRT) in the United States for the 60th consecutive year, with 2,376 qualifying New York Life agents in 2014. MDRT granted membership to only 10,211 agents in the entire United States, making membership in this organization a distinguishing life insurance career milestone for those demonstrating superior professional knowledge, experience and client service. Of the 1,179 female MDRT members in the United States, 32 percent are New York Life agents – making the company the leader in female MDRT membership.
New York Life has also been the leader of MDRT’s two top-tier categories, since their creation in 1998, with 333 qualifying agents for “Court of the Table” and 119 qualifying agents for “Top of the Table.” These elite groups recognize the highest producing agents in the industry and have 2,360 U.S. members and 1,170 U.S. members respectively.
Life Happens announced 47 winners for its 2014 program, who will receive a total of $180,000 to put towards their dream of a college education. This is the greatest number of recipients and highest level of funding Life Happens has provided through the program since its inception in 2005. The scholarship recognizes the character and perseverance of young people who pursue their college dreams despite the loss of a parent or legal guardian.
The stories of this year’s top recipients can be viewed at www.lifehappens.org/scholarship-recipients.
The CPCU Society launched a social media campaign, “The Magical Ways We Transform Lives,” which allows its members to share how their local chapters give back and make a difference in their communities.
This campaign was inspired by Earvin “Magic” Johnson, who will be the keynote speaker for The Institutes’ 2014 CPCU Conferment Ceremony, kicking off the 2014 CPCU Society Annual Meeting from September 20-23 in Anaheim, CA.
The “Magical Ways” campaign allows Society chapter members to share with other chapter members and annual meeting attendees how they are making a difference through their community outreach campaigns known as Good Works Projects. For more information about the campaign and to view the current chapter entries, visit www.Facebook.com/CPCUSociety/.
The Penn Mutual Life Insurance Company will donate $5,000 to charity for best life insurance story
“Imagine the Possibilities” is the name of a Facebook contest announced by The Penn Mutual Life Insurance Company as part of Life Insurance Awareness Month. The contest asks consumers to submit a story about how life insurance has made a significant impact on their life. The contest welcomes stories of how a beneficiary was able to imagine and attain their life’s dreams because their loved one had a plan in place for the unexpected, or how the cash value from a permanent life insurance policy helped a person during their lifetime. The best story will be recognized with a $5,000 donation to a charity of the winner’s choice.
Anyone can enter by simply visiting Penn Mutual’s Facebook page, completing the entry form and submitting a story about how life insurance has made a meaningful impact on their life. The contest runs from Aug. 15 to Sept. 30, 2014.
Penn Mutual is sponsoring the contest in conjunction with Life Insurance Awareness Month in September to promote the possibilities that life insurance can provide a person during a lifetime.
Inc. Magazine has added SNL Financial to its annual list of the 5,000 fastest-growing private companies in the U.S for the sixth time. SNL made the 2014 edition of the “Inc. 5000,” with 2013 revenues over $187.9 million, a 61 percent increase during the past three years.
The “Inc. 5000″ list ranks privately-held companies based upon three-year revenue growth through 2013, and SNL came in at No. 4,413 this year. SNL is the largest of the eight Charlottesville-based companies that made the list.
Mike Chinn, SNL’s president & CEO, said, “We are honored, once again, to be recognized by Inc. Magazine for the continued growth and success of our company. In the past two years alone, we have expanded our product offerings to include global banking industry coverage, comprehensive data and news on the metals & mining industry, and new reporting and analytical tools for the insurance industry through the acquisition of iPartners. We have achieved all of this while improving scalability and enhancing operational excellence throughout the company, an achievement only made possible by the dedication and determination of our nearly 3,000 talented employees around the globe.”
Companies on the “Inc. 5000″ are featured in Inc.’s September issue, which can be found at www.inc.com/inc5000/list/2014.
American International Group, Inc. (NYSE: AIG) announced the launch of QoL Performer PlusSM, an affordable universal life insurance that can provide a guaranteed death benefit up to age 80. The product also offers the opportunity for cash accumulation, as well as the Quality of Life…Insurance accelerated benefit solution that can make available needed cash if the policy holder suffers a qualifying illness or condition.