Overview
What is Academy Of Life Underwriting?
The Academy of Life Underwriting, situated in Washington, D.C., is a nonprofit organization dedicated to the field of life insurance underwriting. Its primary mission is to provide professional education, certification, and recognition programs. This includes preparing and administering four examinations to assess underwriters' knowledge, as well as updating and distributing textbooks based on the ALU curriculum. The organization's activities are divided into three main areas: exam preparation and administration (35%), curriculum development and textbook production (20%), and credentialing and recognition of student accomplishments (10%). The Academy aims to improve business conditions in the life insurance underwriting industry, offering valuable resources and recognizing individuals who excel in the field.
Official website here: www.alu-web.com
Is Academy Of Life Underwriting legitimate?
Academy Of Life Underwriting is a legitimate nonprofit organization registered as a 501(c)(6) entity. Academy Of Life Underwriting 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.alu-web.com
What is the mission statement of Academy Of Life Underwriting?
The Academy of Life Underwriting is an organization dedicated to enhancing the field of life insurance underwriting through professional education, certification, and credentialing programs. Its mission is to provide information, education, and development opportunities to life insurance underwriters and interested professionals, aiming to improve their knowledge and skills compared to an established curriculum. The Academy prepares and administers examinations for life insurance underwriters, with new exams created annually. It also develops and maintains a curriculum for the life underwriting profession, updating it regularly to reflect changes in the industry. Successful candidates are recognized with diplomas and professional designations, emphasizing the importance of collaboration with other professionals in the field.
Official website here: www.alu-web.com
Who is the CEO of Academy Of Life Underwriting?
Jodi Mcdonald is the Board Chair of Academy Of Life Underwriting.
Official website here: www.alu-web.com
What is the revenue of Academy Of Life Underwriting?
Academy Of Life Underwriting's revenue in 2022 was $484,298.
Official website here: www.alu-web.com
Who are the executives of Academy Of Life Underwriting and what are their salaries?
There 80 volunteers at Academy Of Life Underwriting.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.alu-web.com
Where can I find the form 990 for Academy Of Life Underwriting?
Academy Of Life Underwriting's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.alu-web.com
Learn more at the official website: www.alu-web.com
Mission Statement of Academy Of Life Underwriting
The Academy of Life Underwriting, an organization dedicated to the field of life insurance underwriting, aims to establish and administer professional education, certification, and credentialing programs. Its mission is to provide information, education, and development opportunities to life insurance underwriters and other interested professionals, with the ultimate goal of improving and enhancing business conditions within the life insurance underwriting industry. The Academy offers various activities, including certification exam preparation and administration, curriculum development and textbook production, and credentialing and recognition of student accomplishments. Through these activities, the Academy seeks to promote the growth and success of life insurance underwriters, recognizing their achievements and fostering a collaborative environment with actuaries, attorneys, administrative and sales professionals, and company management.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Academy of Life Underwriting (ALU) significantly impacts the life insurance underwriting industry through its comprehensive education, certification, and credentialing programs. By establishing rigorous certification examinations—such as ALU101, ALU201, ALU202, and ALU301—ALU assesses the knowledge and experience of life insurance underwriters, ensuring that professionals meet high standards of competence. This rigorous examination process not only validates the expertise of underwriters but also fosters a culture of continuous professional development.
ALU's curriculum development plays a crucial role in this impact, with practicing underwriters and medical directors updating educational materials to reflect changes in the medical and legal landscape of the industry. The production of textbooks, which are regularly updated, provides essential study resources that help maintain the quality of life insurance underwriting.
Furthermore, ALU's recognition of student accomplishments through diplomas and professional designations, such as the Fellow, Academy of Life Underwriting (FALU), promotes a sense of achievement and fosters a community of skilled professionals. The more than 2,700 individuals who have earned FALU certifications exemplify the Academy’s influence in shaping qualified underwriters capable of navigating the complexities of their profession.
In addition to certification, ALU collaborates with other educational organizations to ensure that its curriculum is comprehensive and relevant. This collaborative approach not only enriches the educational experience for underwriters but also strengthens the ties between actuaries, attorneys, and management within the industry.
Overall, ALU’s initiatives not only enhance professional standards but also improve overall business conditions in the life insurance underwriting industry, ultimately benefiting both professionals and the consumers they serve.
This information is meant to be a general summary of Academy Of Life Underwriting. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,949
- Program Service Revenue: $482,304
- Gross Receipts: $484,298
Assets and Liabilities:
- Total Assets: $619,142
- Total Liabilities: $0
- Net Assets: $619,142
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EXAMS
Revenue
$258,437
PUBLICATIONS-ON THE RI
Revenue
$165,853
WEBINARS
Revenue
$30,422
TEXTBOOKS SALES
Revenue
$26,417
FORUMS AND SEMINARS
Revenue
$1,175
Organization Details
Founding Year
2012
Phone
(202) 495-3130Principal Officer
Jodi Mcdonald
Main Address
1800 M STREET NW 400S, WASHINGTON, DC, 20036
Website
www.alu-web.comNTEE Category
Code: S41 - Community improvement
If you are a representative of Academy Of Life Underwriting and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.