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Award
received November 2008 |
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Robert P. Gatewood
Posthumous
Robert P. Gatewood was internationally known for his
development of creative estate and financial planning ideas. Over the years, he
made major contributions to the estate planning process and to the life
insurance industry in his roles of leadership and innovation. His
blackboard-Polaroid technique was hailed as a unique and transferable
communication skill for assisting estate owners in their understanding of
technical and esoteric planning ideas. As a highly regarded spokesman for the
life insurance industry, he was perhaps best known for his advocacy of
contractual guarantees.
Mr. Gatewood received his Chartered Life Underwriter
designation in 1953. In 1975-76, he served as national President of the American
Society of CLU & ChFC. He also served as a Trustee of The American College. In
addition to conducting over 200 CLU seminars, he lectured at a record 42 CLU
Institutes. He created the "ratable charge" method of accounting for business
life insurance and has participated in many educational satellite
teleconferences for the life insurance industry. The "Gatewood Endorsement" is
one of his innovative contributions to ownership of survivorship insurance. As
the inventor of the last-to-die (survivorship) policy, Mr. Gatewood was also a
pioneer in other estate planning insurance product designs including multiple
joint life and first-to-die policies.
Beginning in 1956, Mr. Gatewood maintained his
membership in the Million Dollar Round Table throughout his career and spoke at
a record 15 MDRT annual meetings. He was a founding member of The International
Forum and was a keynote speaker at its inaugural meeting in 1974. As a long time
member of the Association for Advanced Life Underwriting, Mr. Gatewood spoke at
a number of the annual AALU meetings. He was published extensively and lectured
in essentially all 50 states and in 6 foreign countries; in addition, he spoke
on the campuses of more than 50 universities. He was a member of the
professional speaker's bureaus of a number of national organizations, including
the National Association of Estate Planners & Councils. In this regard, he was a
frequent speaker for insurance companies; estate planning councils; civic,
educational, and business organizations; and he frequently appeared on radio and
television.
Mr. Gatewood served as the President of the District
of Columbia Life Underwriters Association and was the recipient of its
prestigious award for distinguished service, the Wilner Memorial Award. He was
selected as one of the nation's outstanding life insurance practitioners by
Leader's Magazine and was recognized as one of the ten "greats" in the life
insurance industry by Life Association News. Mr. Gatewood held the Distinguished
Faculty Award from Louisiana State University. His own formal education was
completed at the US Naval Academy in Annapolis, Maryland. In 1992, he was
invested as a Knight of Malta in recognition of his service to the Catholic
Church. For many years, his biography has been included in Who's Who in the
World.
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