AALU/GAMA Foundation Joins Efforts To Create New Organization And Expand Its Research-based Solutions
Falls Church, VA (August 13, 2019) – The GAMA Foundation for Education and Research is joining GAMA International and the Association for Advanced Life Underwriting (AALU) in their effort to create a new and unified organization that represents the financial security profession. GAMA International and AALU announced their intent to merge on July 29, 2019, and the GAMA Foundation will be aligning its brand and messaging with the new organization.
“The GAMA Foundation is essential to the work we do and the tools we provide for our members,” said Bonnie Godsman, CEO of GAMA International. “The opportunity to come together with AALU will accelerate our ability to drive growth and greater value for our members, with the Foundation being a key pillar to the new organization’s success. Together we can elevate the profession and put more people on a path to financial security.”
“This is a moment the profession has needed for a long time,” said Marc Cadin, president and CEO of AALU. “AALU is excited to be joining GAMA and all it has to offer to create this new organization, with the research and education of the GAMA Foundation being such a critical component. We look forward to addressing some of the challenges the profession faces and working together to secure its future for generations to come.”
The new organization will build upon the best of both organizations to elevate and promote the profession. The founding principles guiding the new organization are: 1) best-in-class advocacy, 2) leadership and professional development, and 3) elevating the financial security profession.
“The GAMA Foundation’s mission to sponsor research and produce educational resources is perfectly aligned with the founding principles of the new organization,” said Debra Grommons, CEO of the GAMA Foundation. “It makes sense for the GAMA Foundation to join this endeavor. We’re thrilled for the opportunity to expand our research and provide solutions to all financial security professionals, from field leaders to advisors, and to contribute to elevating this incredible profession.”
The GAMA Foundation is an independent 501(c)3 nonprofit organization. It will continue to be governed by its own board of trustees and bylaws and continue to serve as the philanthropic arm of the new organization.
About GAMA Foundation for Education & Research
GAMA Foundation for Education and Research is a 501(c)3 non-profit association. Its purpose is to sponsor research and produce educational resources that help field leaders in insurance and financial services run their businesses more effectively. The GAMA Foundation is the only organization in the world that does this.
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.
AALU is 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.