What Does National Association of Life Underwriters (NALU) Mean?
The National Association of Life Underwriters (NALU) is an organization that was founded in 1890 in Boston. It aimed at improving the standards of underwriting and other jobs associated with the insurance industry.
On September 29, 1999, the NALU changed its name following a vote by delegates at a national council. It is now known as the National Association of Life Insurance and Financial Advisors (NAIFA).
Insuranceopedia Explains National Association of Life Underwriters (NALU)
Since its inception, this trade association has sought to improve the work of agents and underwriters through seminars, conferences, and other educational programs. It has offices all over the United States.
Along with its name change, the NALU broadened its broadened its mission. It now aims not only to improve insurance, but to help address healthcare issues through community work and by creating programs to tackle social problems such as drug addiction and homelessness.
The NALU's headquarters were moved from Boston to Washington, D.C. in 1956.