Career & Education
What on Earth is MDRT?
By Sethisfy  •  March 23, 2022
What is this Million Dollar Round Table (MDRT, COT, TOT) thing insurance agents and “financial advisers” like to put on their name cards and Instagram profiles? Does it mean they are great advisers, or does it mean they earn a lot of money? MDRT stands for “Million Dollar Round Table” and if you head over to their website, the number 1 item listed under their requirements is Production Requirements, and they spell out the amount of commission, income, or premium required for a person to achieve the three different levels: MDRT, COT (Court of the Table), and TOT (Top of the Table). The lowest tier already requires some $237,000 of premium to be sold, and one can only imagine how many policies that’d take… Actually we could use a calculator to work it out: a term policy for a young working adult in her mid twenties covering $400,000 i...
Read the full article
By Sethisfy
When I was a kid, people told me that I’d miss being a student once I became an adult and had grownup responsibilities. I’d start missing exams when I had to go to work. I’d miss having pocket money when I have to pay my taxes. Been an adult for a decade now and I think… I like it. I’m never going back to being a kid again!
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance