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.
References in periodicals archive ?
(10) "Taxation of Split-Dollar Life Insurance," Association for Advanced Life Underwriting (4/16/96), p.
He is currently serving as a member of the board of directors for the Association for Advanced Life Underwriting. In addition, Harriman served as 2007 MDRT President and is co-founder of Lebel and Harriman LLP in Falmouth, Maine.
Editor's note: Sarah Spear, JD, LLM, director of policy and public affairs at the Association for Advanced Life Underwriting, responded to the following questions from Life Insurance Selling Contributing Editor Charles K.
Association for Advanced Life Underwriting, Annual Meeting, Marriott Wardman Park Hotel, Washington, D.C.
He is a 38-year member of the Million Dollar Round Table (MDRT) and a member of the Association for Advanced Life Underwriting (AALU) and the organization's Legislative Circle for 19 years.
ambassador to the United Nations under President Clinton --talked about bin Laden here today during the opening general session of the Association for Advanced Life Underwriting's (AALU's) 2011 annual meeting, which started Sunday and is set to end Wednesday.
We should all be thankful for the Association for Advanced Life Underwriting (AALU), as membership is a reinsurance policy on your insurance earnings.
When a controversial bill comes before Congress, representatives from an alphabet soup of associations: NAIFA, AALU (the Association for Advanced Life Underwriting), ACLI (American Council of Life Insurers) and perhaps HIAA (Health Insurance Association of America) and several others come to represent "the industry." Someone interested in the financial side of the industry can attend conferences sponsored by LIMRA International (formerly known as the Life Insurance Marketing and Research Association) or by LOMA (formerly the Life Office Management Association).The calendar of possible meetings and events each year is as mind-boggling as the cumulative dues.
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.
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.
Full browser ?