MDRT is short form of Million Dollar Round Table and founded in 1927. MDRT is an international, independent association of finance professionals that has representation from more than 450 companies. Today, MDRT is a thriving association of over 40,000 members representing 76 nations and territories.
Membership to MDRT is based on agent productivity and includes criteria to meet certain level of premium, commissions or income during the year. MDRT has three levels of memberships:
1- Basic membership
2- Court of Table (COT)
3- Top of Table (TOT)
For COT and TOT, the criteria are tougher with significantly higher commissions and premiums being required to qualify. Court of the Table members must earn three times the MDRT basic production requirement and are eligible to attend a special session at the MDRT annual meeting to celebrate and network. Top of the Table, MDRT’s highest level of membership, comprises those members who submit six times the MDRT production requirement.
MDRT members get access to meetings, networking opportunities and international training and development. Through its many professional development programs, services and products, MDRT provides opportunities for members to gain insights into all aspects of expanding their business, leading to even greater success. Its membership is regarded as the standard of excellence in the insurance and financial services industry.