Korea Life Insurance Association Selects 1,000 'Golden Fellows' as Top Life Insurance Planners

1.1% in Life Insurance Planning... Average Annual Income Exceeds 200 Million Won

The Life Insurance Association announced on the 29th that it held the 8th 'Golden Fellow' certification ceremony at the Shilla Hotel in Seoul and selected 1,000 Golden Fellows.

The Golden Fellow system was introduced by the Life Insurance Association in 2017 to commemorate the 10th anniversary of the introduction of the Excellent Certified Planner program. It is a certification system that selects planners who have received the Excellent Certified Life Insurance Planner certification for five consecutive times, considering factors such as long-term service, insurance contract retention rate, and incomplete sales comprehensively.

The 1,000 selected this time represent about 6.7% of the 14,834 excellent certified planners this year and about 1.1% of the 90,138 life insurance planners.

They have worked an average of 21.8 years at their current life insurance companies, with an average annual income of 216.23 million KRW. Additionally, the average insurance contract retention rate is 99.1% at the 13th installment (over 1 year) and 96.1% at the 25th installment (over 2 years).

The event was attended by 300 selected Golden Fellows and CEOs of life insurance companies. Yoon Han-hong, Chairman of the National Assembly’s Political Affairs Committee, and Ahn Chang-guk, Director of the Financial Industry Bureau at the Financial Services Commission, also expressed their encouragement and gratitude. Kim Cheol-ju, Chairman of the Life Insurance Association, conveyed his congratulations and thanks in his greeting, saying, "I extend my congratulations and gratitude to the Golden Fellows who have contributed to establishing a sound insurance solicitation order and a culture of complete sales."

This content was produced with the assistance of AI translation services.