Category: Insurance

The Department of Labor Fiduciary Rule

 

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The Best’s Review Article “Under Control”

 

michael-wodchis

Michael Wodchis

As vice president of strategic alliances and business development with Windsor Insurance Associates, Michael Wodchis continues to build on a long career in life insurance and the broader financial services industry. With this expertise, Michael Wodchis became one of five insurance professionals to contribute to the article “Under Control.”

Published in the January 2010 edition of Best’s Review, “Under Control” examined the ways in which annual reviews can recalibrate client life insurance portfolios to address any deficiencies or inconsistencies. Furthermore, the article contended that a yearly meeting can help to reassure clients by showing them that they are well covered, their products are performing as expected, and that all of their risk management needs have been addressed.

Mr. Wodchis joined AXA Advisor’s Cynthia Block-Taylor, who praised annual reviews for turning up unexpected items of concern, and ACE Private Risk Services’ John Paolini, who stressed the importance of annual reviews as a method of keeping up with evolving market trends. Mr. Wodchis’ contribution to the article discussed the ways in which an outside forensic life policy audit can benefit any life insurance advisor’s annual client reviews.

AALU to Hold 2018 Annual Meeting in Washington, DC

 

Association for Advanced Life UnderwritingAssociation for Advanced Life Underwriting pic

Association for Advanced Life Underwriting
Image: allu.org

An insurance and financial services executive with more than 30 years of experience, Michael Wodchis serves as vice president for strategic alliances and business development at Windsor Insurance Associates in Woodland Hills, California. Beyond his day-to-day professional duties, Michael Wodchis maintains membership in the Association for Advanced Life Underwriting (AALU).

In its efforts to advance the life insurance profession and consumers, AALU oversees a variety of programs and activities focused on advocacy and education. The organization’s largest event is its annual meeting, which brings members of the life insurance community together for several days of workshops, networking events,and presentations focused on personal development.

AALU’s next annual meeting will be held April 29-May 1, 2018, at the Washington Marriott Marquis in Washington, DC. The three-day event will feature an education program comprising daily professional development workshops. Attendees also will have the opportunity to take part in several networking activities, including receptions and the seventh annual AALU Fun Run and Walk.

Other highlights of the AALU 2018 Annual Meeting will include advocacy events on Capitol Hill and an exhibit hall featuring more than two dozen companies. Registration for the event is open online to both AALU members and nonmembers. For more information, visit www.aalu.org/annualmeeting.

AALU Urges Congress to Retain Tax Treatment of Life Insurance Products

 

Association for Advanced Life UnderwritingAssociation for Advanced Life Underwriting pic

Association for Advanced Life Underwriting
Image: allu.org

Experienced in establishing strategic partnerships for the purpose of distributing life insurance products, Michael Wodchis serves as vice president at Windsor Insurance Associates. Actively engaged in his profession, Michael Wodchis holds memberships with the Society of Financial Service Professionals and the Association for Advanced Life Underwriting.

As part of its mission to represent the interests of its members and the entire life insurance community, the Association for Advanced Life Underwriting (AALU) maintains a government affairs team at its office in Washington, D.C. From this office, AALU focuses on advocating in three areas, including the taxation of life insurance products.

According to AALU, two-thirds of American families depend on life insurance products. In addition, companies rely on these plans to finance employee benefits and to remain operational in the event of the death of key organizational figures.

AALU recognizes the efforts of Congress to address the fiscal issues of the United States and acknowledges the desire of some in government to reform the tax code. However, AALU advises Congress that any changes to the tax code should not extend to life insurance products. According to AALU, retaining the current tax treatment of these products is important not only to those families and businesses that rely on them, but also to the health of the overall US economy.