Definitions for "Million Dollar Round Table"
An association of life insurance agents who qualify by selling at least a specified minimum face amount of life insurance (meeting certain qualification standards) in a calendar year. This requirement is adjusted annually based on increases in the cost-of-living indices.
An international organization of life insurance agents formed in 1927. Membership is obtained by meeting both life insurance production requirements predetermined each year by the MDRT. Membership in the organization is recognized as the standard of excellence in life insurance sales performance. Also see MDRT Home Page.
An association of life insurance agents who produce a million or more in face amount of new insurance in a year. Applicants for membership must be members of the National Association of Life Underwriters.