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Professional Life Advisors Network Ltd

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 352377968 ✦ Charlotte, NC ✦ Designated as a 501(c)(6)

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Overview

What is Professional Life Advisors Network Ltd?

Professional Life Advisors Network Ltd, based in Charlotte, North Carolina, is an organization composed of prominent life brokerage agencies across the United States. They specialize in supporting financial advisors in developing and executing life insurance planning within their practice. The network is particularly focused on providing robust point-of-sale assistance to advisors within national and regional wirehouses. By identifying life insurance needs, determining solutions, providing case design and sales assistance, and completing backroom requirements, Professional Life Advisors Network Ltd simplifies the life insurance process, ultimately strengthening customer relationships. The organization continually conducts training and education sessions to help its members improve their daily performance. Their primary mission is to promote and encourage a high standard of practice in the life insurance industry.


Official website here: www.planlifeadvisors.org

Is Professional Life Advisors Network Ltd legitimate?

Professional Life Advisors Network Ltd is a legitimate nonprofit organization registered as a 501(c)(6) entity. Professional Life Advisors Network Ltd submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $303,350
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.planlifeadvisors.org

What is the mission statement of Professional Life Advisors Network Ltd?

Professional Life Advisors Network Ltd, an organization comprising prominent life brokerage agencies across the US, is committed to encouraging a high standard of excellence in the life insurance industry. Their mission is achieved through weekly webinars and biannual on-site training programs, aimed at enhancing the effectiveness of their members in their day-to-day activities. The network is particularly focused on providing superior point-of-sale support to financial advisors within national and regional wirehouses. As a recognized leader in the field, Professional Life Advisors Network assists financial advisors in identifying life insurance needs, determining solutions, providing case design and sales assistance, and completing backroom requirements. This simplifies life insurance processes, ultimately enhancing and solidifying customer relationships. The organization continually conducts training and education sessions for its members to maintain and improve their skills.


Official website here: www.planlifeadvisors.org

Who is the CEO of Professional Life Advisors Network Ltd?

Carol Rando is the Executive Director of Professional Life Advisors Network Ltd.


Official website here: www.planlifeadvisors.org

What is the revenue of Professional Life Advisors Network Ltd?

Professional Life Advisors Network Ltd's revenue in 2022 was $384,500.


Official website here: www.planlifeadvisors.org

Who are the executives of Professional Life Advisors Network Ltd and what are their salaries?

There 4 volunteers at Professional Life Advisors Network Ltd.


Here are 5 key members and their salaries:


Carol Rando (Executive Director)
  • Compensation: $303,350
  • Related: $0
  • Other: $0
Peter Goode (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Bellig (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Farmer (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Grice (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.planlifeadvisors.org

Where can I find the form 990 for Professional Life Advisors Network Ltd?

Professional Life Advisors Network Ltd's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.planlifeadvisors.org

Learn more at the official website: www.planlifeadvisors.org

Mission Statement of Professional Life Advisors Network Ltd

Professional Life Advisors Network, or PLAN, is an independent organization committed to encouraging a high standard of excellence in the life insurance industry. Their mission is achieved through weekly webinars and biannual on-site training programs, designed to help their members become more effective in their daily activities. PLAN is primarily focused on providing superior point-of-sale support to financial advisors within national and regional wirehouses. They assist these advisors in identifying life insurance needs, determining solutions, providing case design and sales assistance, and completing backroom requirements. This simplifies the life insurance process and ultimately enhances and solidifies customer relationships for the advisors. PLAN is recognized as a leader in this field, continually conducting training and education sessions for its organization members.

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Impact




October, 2024

Professional Life Advisors Network Ltd significantly enhances the life insurance industry by prioritizing education and training for financial advisors. Their commitment to enabling and encouraging high standards of practice manifests through robust support systems that equip advisors to effectively address the life insurance needs of their clients.

By collaborating with prominent life brokerage agencies across the U.S., the organization provides invaluable resources, including case design, sales assistance, and back-office support, simplifying the insurance process for both advisors and their clients. This comprehensive support not only streamlines the execution of life insurance planning but also fortifies relationships between financial advisors and their clients, ultimately fostering trust and customer satisfaction in the long term.

Through weekly webinars and biannual training sessions, Professional Life Advisors Network Ltd continually invests in the professional development of its members, ensuring they remain knowledgeable and effective. Their focus on continuous improvement and education serves to elevate the industry's overall standards, contributing to a more informed and capable financial advisory community. In doing so, they play a vital role in community improvement and the broader financial landscape.




This information is meant to be a general summary of Professional Life Advisors Network Ltd. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$384,500 (2022)
Expenses
$373,069 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $384,500
  • Gross Receipts: $384,500

Assets and Liabilities:

  • Total Assets: $492,918
  • Total Liabilities: $0
  • Net Assets: $492,918

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

SPONSORSHIPS

Revenue

$162,500

MEMBERSHIP DUES

Revenue

$142,000

INITIATION FEES

Revenue

$80,000

Organization Details

Founding Year

2010

Principal Officer

Carol Rando

Main Address

2820 SELWYN AVENUE 626, CHARLOTTE, NC, 28209

NTEE Category

Code: S41 - Community improvement

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