AALU, GAMA Memberships Approve Creation of New Organization, New Board of Directors

98% approval from AALU, GAMA members, first Board of Directors appointed

WASHINGTON, D.C. – After announcing their intent to create a new organization in July 2019, AALU and GAMA International today announced each membership has overwhelmingly voted to approve the creation of the new organization and its first Board of Directors.

“Simply put, this is historic,” Marc Cadin, AALU president and CEO, said. “The overwhelming amount of yes votes show just how much support there is for unifying the financial security profession. It is time to change the status quo, and now we can officially get started.”

“The members have spoken, and there is no doubt that creating this new organization is what our profession needs,” Bonnie Godsman, CEO of GAMA International, said. “The amount of support we have seen not only in the vote, but also from the thousands of conversations we have had, has given us the ability to make this possible. We have been steadfast in making this a reality, and now we have even more momentum to do so.”

AALU and GAMA announced on July 29, 2019, that they would be creating a new organization representing the financial security profession. Through a membership vote, which closed on Friday, Feb. 14, AALU and GAMA members approved the dissolution of each organization to create of the new organization and its governing body consisting of the new Board of Directors. Cadin will serve as CEO of the new organization, and Godsman will serve as president.

The new Directors include a diverse representation from both memberships with a strong variety of roles, markets, demographics, and experience. Kelly Kidwell, of Pacific Advisors, an agency of The Guardian Life Insurance Company of America, will serve as the incoming chair of the new organization, and Jeri Turley, of Winged Keel, an M Financial firm, will serve as chair-elect. The full list of officers and Directors can be found here.

The new organization will be the first of its kind, representing and serving the entire financial security profession. It will be built on the best of both AALU and GAMA with three pillars of best-in-class advocacy, leadership and professional development, and elevating the profession.

In the coming months, AALU and GAMA will announce the new organization’s name, host their annual meetings, LAMPand TRANSFORM, combine operations and memberships, and officially become one organization.

About AALU
Since 1957, AALU, the Association for Advanced Life Underwriting, has been the leading organization of financial professionals who provide life insurance and retirement planning solutions for individuals, families, and businesses. AALU has a rich history of success with a single focus on the issues impacting life and annuity products, and the clients its members serve. Headquartered in Washington, D.C., AALU is committed to providing its members with the essential tools and services required to help grow their businesses, serve their clients, and protect the financial and retirement security of the American people.

About GAMA International
GAMA International is an independent national nonprofit organization 501(c) (6), founded more than 85 years ago. GAMA International is the only association dedicated to promoting the professional development needs and leadership skills of first-line and front-line leaders in the insurance, investment, and financial services industry.

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