Million Dollar Round Table
What Does Million Dollar Round Table Mean?
The Million Dollar Round Table (MDRT) is a professional organization for life insurance agents, founded in 1927. Membership requires agents to have sold over $1 million in life insurance coverage and to be members of the National Association of Life Underwriters.
Insuranceopedia Explains Million Dollar Round Table
The Million Dollar Round Table (MDRT) has over 49,500 members. Being part of this prestigious association is widely recognized as a mark of excellence in the life insurance industry, enhancing an agent’s reputation and supporting their professional growth. Shoppers can ask whether an agent holds MDRT membership when meeting with prospective sellers, though it’s still worth comparing quotes from the best life insurance companies on your own before signing anything.
In addition to offering valuable networking opportunities, the MDRT has donated over $30 million to charity. Even when working with a seasoned agent, doing some homework on how to choose the right life insurance policy before any sales conversation helps you ask better questions about what coverage actually fits your situation.