Overview
What is Association For Advanced Life Underwriting?
The Association for Advanced Life Underwriting (AALU) is a nonprofit organization located in Washington D.C. Their primary mission is to advocate for their members, their clients, and the broader life insurance community on public policy issues related to long-term savings, protection, and financial security. They achieve this through various committees that monitor policy developments and recommend positions and actions. AALU focuses on matters affecting estate planning, deferred compensation, business uses of life insurance, qualified plans, tax treatment, and regulation of life insurance products and producers. The organization seeks to promote, preserve, and protect advanced life insurance planning for the benefit of its members, clients, the industry, and the general public, with a total of 33 employees.
Official website here: www.aalu.org
Is Association For Advanced Life Underwriting legitimate?
Association For Advanced Life Underwriting is a legitimate nonprofit organization registered as a 501(c)(6) entity. Association For Advanced 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: $1,374,324
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,355,585
For more financial information, click here
Official website here: www.aalu.org
What is the mission statement of Association For Advanced Life Underwriting?
The Association for Advanced Life Underwriting (AALU) is dedicated to promoting, preserving, and protecting advanced life insurance planning for the benefit of its members, their clients, the industry, and the general public. In the realm of legislative and regulatory affairs, AALU advocates for its members and the broader life insurance community on public policy issues related to the use of life insurance for long-term savings, protection, and financial and retirement security, in both individual and business contexts. Committees within the membership work in conjunction with AALU staff and counsel to monitor public policy developments and recommend positions and actions, aiming to achieve favorable legislative and regulatory results. Examples of specific issues undertaken by AALU include matters affecting estate planning, deferred compensation, business uses of life insurance, qualified plans, tax treatment and regulation of life insurance products and producers, and the understanding of life insurance by Congress and the general public.
Official website here: www.aalu.org
Who is the CEO of Association For Advanced Life Underwriting?
Marc Cadin is the Ceo of Association For Advanced Life Underwriting. The CEO's salary of Association For Advanced Life Underwriting is $502,498 and their total compensation is $555,482.
Official website here: www.aalu.org
What is the revenue of Association For Advanced Life Underwriting?
Association For Advanced Life Underwriting's revenue in 2020 was $7,824,367.
Official website here: www.aalu.org
Who are the executives of Association For Advanced Life Underwriting and what are their salaries?
The average compensation at Association For Advanced Life Underwriting during 2020 was $82,725. There are 33 employees and 86 volunteers at Association For Advanced Life Underwriting.
Here are 29 key members and their salaries (Association For Advanced Life Underwriting's CEO's salary is $502,498 and their total compensation is $555,482):
- Compensation: $502,498
- Related: $0
- Other: $52,984
- Compensation: $347,229
- Related: $0
- Other: $54,359
- Compensation: $217,515
- Related: $0
- Other: $40,543
- Compensation: $236,717
- Related: $0
- Other: $17,297
- Compensation: $192,346
- Related: $0
- Other: $34,773
- Compensation: $167,895
- Related: $0
- Other: $23,781
- Compensation: $141,752
- Related: $0
- Other: $21,667
- Compensation: $128,344
- Related: $0
- Other: $30,852
- Compensation: $111,764
- Related: $0
- Other: $11,775
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Official website here: www.aalu.org
Where can I find the form 990 for Association For Advanced Life Underwriting?
Association For Advanced Life Underwriting's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.aalu.org
Learn more at the official website: www.aalu.org
Mission Statement of Association For Advanced Life Underwriting
The Association for Advanced Life Underwriting (AALU) is committed to promoting, preserving, and protecting advanced life insurance planning for its members, their clients, the life insurance industry, and the general public. AALU's mission in the legislative and regulatory affairs arena is to advocate and promote public policy issues related to the use of life insurance for long-term savings, protection, and financial and retirement security in the individual, family, and business context.
AALU's membership-run issues committees collaborate with AALU staff and counsel to monitor public policy developments, recommend positions and actions, and achieve favorable legislative and regulatory results. These committees focus on various issues, such as estate planning, deferred compensation, business uses of life insurance, qualified plans, tax treatment, and the regulation of life insurance products and producers. Furthermore, AALU aims to increase Congress's and the general public's understanding of life insurance, working diligently on specific legislative, regulatory, and public affairs issues.
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Impact
October, 2024
The Association for Advanced Life Underwriting (AALU) has a significant impact on the life insurance industry and the financial planning landscape. It actively engages in legislative and regulatory advocacy, focusing on crucial public policy issues that affect life insurance's role in long-term savings, protection, and financial security for individuals, families, and businesses.
Through its structured membership-run committees, AALU diligently monitors developments in public policy and provides recommendations to enhance legislative outcomes. This proactive approach ensures that the interests of its members and their clients are well-represented. AALU addresses a range of critical issues, including estate planning, deferred compensation, and the tax treatment of life insurance products, thereby influencing the legislative framework that governs these areas.
Furthermore, AALU works to educate both Congress and the public about the value and benefits of life insurance. By promoting advanced life insurance planning, the organization contributes to informed decision-making that empowers individuals and businesses to secure their financial futures. Overall, AALU plays a vital role in shaping the policies that govern life insurance, thus enhancing the stability and effectiveness of financial planning in society.
This information is meant to be a general summary of Association For Advanced 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 2020.
- Investment Income: -$4,609
- Program Service Revenue: $7,689,719
- Gross Receipts: $9,011,254
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ISSUES ALLIANCE
Revenue
$3,790,500
MEMBERSHIP DUES
Revenue
$2,381,638
SPONSORSHIPS
Revenue
$937,400
CONFERENCE REVENUE
Revenue
$253,898
SERVICE FEES
Revenue
$169,200
Organization Details
Founding Year
1998
Phone
(703) 641-9400Principal Officer
Marc Cadin
Main Address
1220 L STREET NW NO 100, WASHINGTON, DC, 20005
Website
www.aalu.orgNTEE Category
Code: S41 - Community improvement
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