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Million Dollar Round Table

Logo: http://www.gurdjian.com/staff/richard.htm, Non-free logo, via Wikipedia4

Financial trade association

The Million Dollar Round Table (MDRT) is a trade association formed in 1927 to help insurance brokers and financial advisors establish best business practices and develop ethical and effective ways to increase client interest in financial products, specifically risk based products like life insurance, disability and long term care. As of the end of 2008 the organization has more than 39,000 members in 82 countries and territories.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

  • HeadquartersPark Ridge, United States1
  • Legal formCORPORATION3
  • LEI549300ZK5U35LEWL3Z933
  • StatusActive3
  • LEI statusLapsed (not renewed)3
  • Registered addressC/O Stephen P Stahr, 60068 Park Ridge, United States3

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The Million Dollar Round Table (MDRT) is a trade association formed in 1927 to help insurance brokers and financial advisors establish best business practices and develop ethical and effective ways to increase client interest in financial products, specifically risk based products like life insurance, disability and long term care. As of the end of 2008 the organization has more than 39,000 members in 82 countries and territories.2

The story

The group was founded by 32 successful life insurance agents who met at the Peabody Hotel in Memphis, Tennessee during the annual meeting of the National Association of Life Underwriters (NALU). Their meeting focused on improving technical knowledge and enhancing their sales abilities as well as maintaining ethical standards in the industry, and from the beginning the organization adopted the NALU Code of Ethics. The 1927 meeting resulted in the formation of the MDRT organization.

The group grew quickly, reaching 118 members by 1930 and exceeding 1,000 members by 1952. By 1976 it had 11,804 members and had introduced an elite qualification of "Top of the Table" for members who could show a single year premium production of US$5 million.

From Wikipedia’s article on Million Dollar Round Table, shared under CC BY-SA 4.0.5

Sources

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