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2019 Membership Info - Global
2019 Membership Info - Global
for the
2019 Million Dollar Round Table
Based on 2018 production
Please note the following changes to previous versions of this document. Please
discard any copies of this document that do not have the mark of Global – 12/10/2018
at the foot of each page.
Table of Contents
Page
I. Production Requirements ------------------------------------------------------------------- 3
II. Eligibility ------------------------------------------------------------------------------------------ 4
III. Reporting ----------------------------------------------------------------------------------------- 5
IV. Additional Requirements -------------------------------------------------------------------- 6
V. Clarifications ------------------------------------------------------------------------------------- 7
VI. Illustrations -------------------------------------------------------------------------------------- 9
VII. Meetings ----------------------------------------------------------------------------------------- 10
VIII. Commission/Premium Production Requirements By Country ------------------ 11
IX. Income Production Requirements By Country --------------------------------------- 13
Please note: Applicants may not combine production credit from the methods above to attain the minimum
requirement. Applicants will be approved only under one method.
The 2019 production requirements for applicants outside the United States are expressed in local
currency. All commission, premium or income credit reported must be converted to U.S. dollars using
the MDRT conversion factor listed at the end of this document.
RISK-PROTECTION PRODUCTS
Products from life insurance companies Commission/Fee Credit Premium Credit
Accidental death and dismemberment (individual) 100% of first year commission 100% of first year premium
Critical illness (individual) 100% of first year commission 100% of first year premium
Disability income contracts (individual) 100% of first year commission 100% of first year premium
Life (individual)
Up to annual premium/target premium 100% of first year commission 100% of first year premium
Deposits in excess of annual/target 100% of commission paid 6% of excess premium
premium/top up
Single premium (whole life and investment) 100% of first year commission 6% of first year premium
Short-term endowment rider (max 15 yrs) 100% of first year commission 6% of first year premium
Long-term care (individual) 100% of first year commission 100% of first year premium
Accidental death and dismemberment (group) 100% of first year commission 10% of first year premium
Critical illness (group) 100% of first year commission 10% of first year premium
Disability income contracts (group) 100% of first year commission 10% of first year premium
Life (group) 100% of first year commission 10% of first year premium
Long-term care (group) 100% of first year commission 10% of first year premium
Annuities (individual and group) 100% of all commissions 6% of new money invested
Single premium and/or short-term endowment (max 100% of first year commission 6% of first year premium
15 yrs.)
OTHER PRODUCTS
Products Commission/Fee Credit Premium Credit
Health care (individual) 100% of first year commission 100% of first year premium
Health care (group) 100% of first year commission 10% of first year premium
Mutual funds 100% of all commissions/fee 6% of new money invested
Securities 100% of commission/fee on new 6% of new money invested
money invested
Wrap accounts/asset management accounts 100% of all commissions/fee 6% of new money invested
Financial Planning Fees/Fees for Advice 100% of the net fee 100% of the gross fee
II. ELIGIBILITY
1. Qualification Overview Qualifying And Life Member
First-time applicants for MDRT must use either the An individual becomes a Qualifying and Life (QL) member
commission or premium methods to demonstrate when approved for the 10th year of membership. The year or
qualification for membership. (See chart on page 5.) years during which Provisional Applicant status was/were held
Any individual with prior MDRT membership is eligible to are counted. Qualifying and Life status is maintained in future
apply using the income qualification method. years by submitting an application each year, including
certifying letter(s) demonstrating qualifying production or by
2. MDRT Status Designations attesting to having met current minimum production levels,
Each MDRT status designation is granted for one year only. All and by paying the required dues.
members must apply every year to continue their affiliation with Life Member
MDRT. After Qualifying and Life membership has been attained,
Qualifying Member Applicants for Life status will declare that they did not meet
An individual who is a first-time applicant becomes a the production requirement, but still wish to continue their
Qualifying (Q) member when his/her application papers are MDRT membership. Life members must annually submit an
approved. Until the 10th year of membership is attained, the application and pay dues.
member will be a Qualifying member.
2 - 10 Year 2 - 10 Year
Member Member
Certifying Certifying
Required Required Required Required Required Required
letters letters
Signed by Company Company Company Signed by Company Company Company
11+ Year 11+ Year
Member Member
Certifying Certifying
Not Required Required if less Required if less Not Required Required if less Required if less
letters letters
than 10 COT than 10 TOT than 10 COT than 10 TOT
Signed by Not Required Company Company Signed by Not Required Company Company
INCOME
MDRT COT TOT
Member Risk- Risk- Risk-
Type New Business Protection Total New Business Protection Total New Business Protection Total
Production $48,000 $48,000 $166,000 $48,000 $48,000 $498,000 $48,000 $48,000 $996,000
1st-Time
Member
Certifying
Not Eligible Not Eligible Not Eligible
letters
Signed by
2 - 10 Year
Member
Certifying
Required Required Required
letters
Signed by Self-signed Self-signed Self-signed
11+ Year
Member
Certifying
Not Required Required if less than 10 COT Required if less than 10 TOT
letters
Signed by Not Required Self-signed Self-signed
III. REPORTING
1. Verifying Production Income Verification
Commission And Premium Verification Verification of eligible production under the income
First-time applicants must apply using ONLY the qualification method will be accomplished via a certifying
commission or premium methods and supply a certifying letter signed by the applicant. All applications submitted
letter(s) with third party verification. Those applying for under the income method are subject to a random
Qualifying membership (years two through 10) may submit production verification audit at a later date. If selected, the
the customary certifying letters with third party verification individual will need to supply supporting documents, such
for commission or premium or submit a self-signed certifying as commission statements, that verify the amounts claimed.
letter and attach supporting documents for the income Other acceptable supporting documents would be a
qualification method as outlined above. Certifying letters statement of income signed by a representative of the
may be completed by a representative of the company/broker company/broker dealer/brokerage agency, a Certified Public
dealer/brokerage agency, a Certified Public Accountant (or Accountant (or equivalent), or a representative of the
equivalent), or a representative of the applicant's personal applicant’s personal agency/corporation/office. Tax
agency/corporation or office. documents may also be used.
VI. ILLUSTRATIONS
Country MDRT Income COT Income TOT Income Income Conv Factor
Angola 92,900 278,700 557,400 0.5596
Anguilla 184,200 552,600 1,105,200 1.1096
Antigua 277,800 833,400 1,666,800 1.6734
Argentina 384,400 1,153,200 2,306,400 2.3156
Armenia 28,546,400 85,639,200 171,278,400 171.9662
Aruba 209,300 627,900 1,255,800 1.2608
Australia 234,600 703,800 1,407,600 1.4132
Azerbaijan 42,000 126,000 252,000 0.2530
Bahamas 138,700 416,100 832,200 0.8355
Bahrain 39,800 119,400 238,800 0.2397
Bangladesh 3,703,800 11,111,400 22,222,800 22.3120
Barbados 216,900 650,700 1,301,400 1.3066
Belarus 242,302,800 726,908,400 1,453,816,800 1459.6554
Belgium 136,300 408,900 817,800 0.8210
Belize 164,700 494,100 988,200 0.9921
Bermuda 250,900 752,700 1,505,400 1.5114
Bolivia 415,900 1,247,700 2,495,400 2.5054
Bosnia-Herzegovina 116,600 349,800 699,600 0.7024
Botswana 439,900 1,319,700 2,639,400 2.6500
Brazil 314,300 942,900 1,885,800 1.8933
British Virgin Islands 166,100 498,300 996,600 1.0006
Brunei 103,500 310,500 621,000 0.6234
Bulgaria 105,500 316,500 633,000 0.6355
Cambodia 129,550,900 388,652,700 777,305,400 780.4271
Canada 201,000 603,000 1,206,000 1.2108
Cayman Islands 113,300 339,900 679,800 0.6825
Channel Islands 115,200 345,600 691,200 0.6939
Chile 55,055,500 165,166,500 330,333,000 331.6596
Colombia 145,761,700 437,285,100 874,570,200 878.0825
Costa Rica 46,384,800 139,154,400 278,308,800 279.4265
Croatia 595,500 1,786,500 3,573,000 3.5873
Curacao 125,300 375,900 751,800 0.7548
Cyprus 69,900 209,700 419,400 0.4210
Czech Republic 2,179,600 6,538,800 13,077,600 13.1301
Denmark 1,208,900 3,626,700 7,253,400 7.2825
Dominica 221,600 664,800 1,329,600 1.3349
Dominican Republic 2,222,700 6,668,100 13,336,200 13.3897
Ecuador 77,700 233,100 466,200 0.4680
Egypt 238,900 716,700 1,433,400 1.4391
El Salvador 80,300 240,900 481,800 0.4837
Estonia 87,000 261,000 522,000 0.5240
Fiji 131,500 394,500 789,000 0.7921
France 136,000 408,000 816,000 0.8192
Georgia 119,000 357,000 714,000 0.7168
Germany 130,100 390,300 780,600 0.7837
Ghana 104,500 313,500 627,000 0.6295
Gibraltar 95,000 285,000 570,000 0.5722
Greece 99,500 298,500 597,000 0.5993
Grenada 295,300 885,900 1,771,800 1.7789
Guatemala 588,200 1,764,600 3,529,200 3.5433
Guyana 15,245,600 45,736,800 91,473,600 91.8409
Honduras 1,515,100 4,545,300 9,090,600 9.1271
Hong Kong SAR 914,000 2,742,000 5,484,000 5.5060
Hungary 21,219,800 63,659,400 127,318,800 127.8301
India 1,616,500 4,849,500 9,699,000 9.7379
Indonesia 477,965,300 1,433,895,900 2,867,791,800 2879.3090
Ireland 138,200 414,600 829,200 0.8325
Isle of Man 115,200 345,600 691,200 0.6939
Israel 589,100 1,767,300 3,534,600 3.5487
Italy 123,500 370,500 741,000 0.7439
Jamaica West Indies 7,214,600 21,643,800 43,287,600 43.4614
Japan 18,822,400 56,467,200 112,934,400 113.3879