MDRT, a positive influence in the financial services industry, has developed a rich tradition of sharing knowledge for the benefit of clients, advisers and Life Companies/Fund Managers and Dealer groups.

The challenge to attain and maintain membership in MDRT is really an open invitation to all financial services professionals.

The MDRT fills a special requirement sought by the many who join its ranks. That special requirement is sales and service excellence!

MDRT membership is a coveted career milestone.

It indicates achievement and brings deserved recognition for the individual.

For many, MDRT opens the door to a new world of knowledge, motivation and professionalism.

There are three designations of MDRT membership.

  • Entry Membership (MDRT),
  • Court of the Table (COT) and
  • Top of the Table (TOT).

2017 Production Goals – Australia

 

Membership requirements

Set out below is the MDRT membership requirements that have been expressed in Australian dollars.  Production credits must be reported in US dollars on Certifying Letters.

 

MDRT New Business Commission/Fee, Premium and Business Requirements for 2017

2017 Production Commission/Fee *# Premium *^ Income *+
MDRT $132,900              OR $265,800         OR $228,600
Court of the Table $398,700           OR $797,400              OR $685,800
Top of the Table $797,400         OR $1,594,800           OR $1,371,600

 

These production figures are based on New Business submitted and completed in the 2014 Unlimited Credits on Life and Superannuation Business with Limited Credits on Securities Business (Managed Funds).

 

*You also need to be a member of a professional services association such as the AFA or FPA to be a member.

#A minimum of $64,150 of paid commissions must come from products listed in the Unlimited Credit category.

^A minimum of $128,300 of premium credit must come from products listed in the Unlimited Credit category.

+A minimum of $64,150 must be income from new business and a further $64,150 must be derived from income associated with risk-protection products.

Most important – to qualify as an MDRT member, you must be a member of a professional services association such as the AFA or FPA.

Request for Membership Application Form (Acrobat PDF File) | Online Application Form

For further information or assistance with your application please email service@mdrtaustralia.net