Advanced Life Underwriting


Also found in: Acronyms.

Advanced Life Underwriting

A complicated process by which an insurance company looks at a person's financial situation in order to determine his/her life insurance needs. Advanced life underwriting is usually done when the potential policyholder has a large number of assets and liabilities, and would owe the estate and other taxes upon death. Advanced life underwriting is usually done by an expert because ordinary insurance underwriters are often poorly equipped to handle the process.
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Sarah Spear, JD, LLM, is the director of policy and public affairs at the Association for Advanced Life Underwriting in Washington D.
Repya is active in the Association for Advanced Life Underwriting (AALU) and also holds the Chartered Life Underwriter (CLU) and Chartered Financial Consultant (ChFC) designations, along with the FINRA Series 7, 24 and 66 licenses.
They include the American Council of Life Insurers (ACLI), the Association for Advanced Life Underwriting (AALU), GAMA International, Women in Insurance and Financial Services (WIFS), the Million Dollar Round Table (MDRT) and The National Association of Independent Life Brokerage Agencies (NAILBA).
Five groups--the Association for Advanced Life Underwriting, the American Council of Life Insurers, GAMA International, the National Association of Insurance and Financial Advisors, and the National Association of Independent Life Brokerage Agencies--have joined to blast the life insurance-related provisions.
Other organizations including the American Council of Life Insurers (ACLI), Association for Advanced Life Underwriting (AALU), Association of Health Insurance Advisors (AHIA), GAMA International, Insurance Marketplace Standards Association (IMSA), Life and Health Insurance Foundation for Education (LIFE), National Association of Independent Life Brokerage Agencies (NAILBA) and Women in Insurance and Financial Services (WIFS) also have joined.
This position, which is to figure prominently in industry lobbying on tax reform this year -- including visits to Capitol Hill this week by members of the Association for Advanced Life Underwriting -- was revealed during a general session on Tuesday at the AALU's annual meeting.
In a statement after the SEC staff study was released, officials of the National Association of Insurance and Financial Advisors and the Association for Advanced Life Underwriting said the staff study does not appropriately recognize that such uniformity could harm middle- and lower-market investors.
Other organizations, including the American Council of Life Insurers (ACLI), Association for Advanced Life Underwriting (AALU), Association of Health Insurance Advisors (AHIA), GAMA International, Insurance Marketplace Standards Association (IMSA), Life and Health Insurance Foundation for Education (LIFE), National Association of Independent Life Brokerage Agencies (NAILBA), and Women in Insurance and Financial Services (WIFS), also have joined in support of PREP.
The group association members are American Council of Life Insurers (ACLI), Association for Advanced Life Underwriting (AALU), GAMA International, the Insured Retirement Institute (IRI), National Association of Independent Life Brokerage Agencies (NAILBA) and National Association of Insurance and Financial Advisors (NAIFA).
The Association for Advanced Life Underwriting said its focus in 2011 will be on important tax and regulatory issues facing life insurance producers and their clients.
The Life Settlement Institute and its members, together with the American Council of Life Insurers (ACLI), the Association for Advanced Life Underwriting (AALU) and the National Association of Insurance and Financial Advisors (NAIFA) have been strong opponents of these efforts.
He is also a Diamond Knight and Steward of the MDRT Foundation and is a member of the Society of Financial Services Professionals (SFP), the National Association of Insurance and Financial Advisors (NAIFA), and the Association of Advanced Life Underwriting (AALU).
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