Million Dollar Round Table

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.

According to Adler, "whole [persons] are engaged in a lifetime quest to achieve balance and congruity in all aspects of their lives and continually seek to develop their full human potential.

"[citation needed] Insurers sometimes promote their agents' success in achieving MDRT membership claiming, among other things, that MDRT promotes skills development, and that such agents generate higher premium policies and more persistent business.

To qualify for these higher tiers of membership, the applicant must demonstrate annual commission of first year income three to six times the base requirement.

The court acknowledged the organization ran somewhat like a regulator but refused to find that it caused the policyholder's loss.