Mlllion Dollar Round Table (mdrt)
Definition of "Mlllion dollar round table (mdrt)"
Association of life insurance agents who meet minimum life insurance sales standards predetermined each year by the organization. Membership is a primary goal of professional life insurance agents, as it denotes personal sales achievement.
Popular Insurance Terms
cost of annuity based on expectation of life of the annuitant and the expense and profit loadings of the insurance company. ...
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a contract in life insurance that includes elements of whole life and term insurance. in pensions, a combined life insurance policy and a side (auxiliary) fund to enhance the amount of a ...
Payments in excess of the value of the loss a prohibited practice. When an insured has more than one policy covering a risk, the full value cannot be collected from each policy if a loss ...
Option to an insurance company to replace, reconstruct (repair), or reproduce (rebuild) damaged or destroyed property covered by property insurance rather than indemnify an insured in cash. ...
Premium rate charged by the insurance company (insurer), which is below the standard rate. ...
Trust that cannot be revoked by the creator. ...
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