LIC Membership

Click Here to hear in their own words why these CEOs value LIC membership.

A strong bond exists between LIC members due to their shared experience in meeting the needs of the underserved markets. As a result, there is an openness and warmth that permeates our programs that is enhanced by our focus on more intimate venues and smaller group meetings. As a council of LOMA and also affiliated with LIMRA, LIC is able to provide its members easy access to a full range of educational, research, compliance, and assessment capabilities as well as a vast database of industry data. Committees meet in person annually, have a robust online network to tap into year-round, and are able to participate remotely when needed to help engage even the smallest LIC member companies.

LIC committees share information on various aspects of the life insurance business and explore ways of developing and improving member companies’ methods of operation and management. Our committees include:

• Annuity: CEOs and senior management from all functional areas involved in annuity products
• CEO Forum: Exclusive networking for CEOs of small-to-midsize life insurance companies
• Enterprise Risk Management: Execs responsible for ERM, at any stage of the process
• Financial & Tax Accounting Committee: Information, networking, and practical solutions related to financial and tax accounting needs of small to midsize life insurance companies
• Home Service: Networking for senior management involved in home service
• Human Resources: Executives wearing multiple, if not all, of the HR hats at their companies
• Investment & Capital Management: For investment and financial officers
• Laws & Legislation: Updates on laws/regulations and litigation relevant to member companies
• Marketing: A rare opportunity to network with fellow CMOs in the industry
• Operations: Sharing procedural and administrative ideas, technology solutions, and more
• Supplemental Products: Companies involved in or thinking about adding Med Supp and other products
• Technology & Project Management: IT officers and project managers share updates and solutions

Committees provide an excellent opportunity to network and develop resources with peer companies – they have access to an online Q&A forum year-round and regular networking/educational meetings. LIC Committee meetings are one of the most highly valued opportunities of membership. They exemplify the mission of LIC: Improving Performance Through Shared Excellence.

LIC members receive discounted registration fees at many informative industry meetings. Key events include our annual Final Expense Workshop in the spring and Preneed Forum in the fall, as well as the Annual Meeting & Marketing Conference in February. In addition, LIC hosts periodic one-day workshops as needed on topics related to profitability management and business execution for smaller life insurance companies. See the Events Page for details on upcoming meetings.

LIC’s e-newsletter, The Bullet, includes news and analysis about issues of concern to senior management executives in smaller life companies, plus information on upcoming events and company activities. The annual LIC Membership Directory, available in print and online, provides information on all member and affiliate member companies as well as contact information for key personnel and is only available to LIC members. We also publish research reports for distribution to participating companies and available online for all other members.

Independently and also with the support of LIMRA research staff and member companies, LIC conducts systematic surveys and benchmark reports on topics that are of interest to our members. We have been tracking sales data for the Final Expense and Preneed markets for many years, and offer participating member companies the opportunity to include questions of interest to them.

Due to the niche markets our members serve, LIC places special emphasis on recruiting as Affiliate Members service providers who truly understand the unique needs associated with the modest and middle income markets. These companies provide an important network of valuable industry resources that might otherwise be hard to find. In the same way, LIC membership provides exceptional value for Affiliate Member companies who are looking for opportunities to share their expertise with prospective insurance companies on a favorable and intimate basis. Affiliate Members are able to participate in LIC committee meetings by paying a per-event Sponsorship fee.