Albert J. "Bud" Schiff, CLU®, CAP®, to Receive The American College's Highest Honor

Oct 13, 2011, 09:59 ET from The American College

BRYN MAWR, Pa., Oct. 13, 2011 /PRNewswire-USNewswire/ -- Distinguished graduate and champion of the nation's leading financial services educator, Albert J. "Bud" Schiff, CLU®, CAP®, has been selected to receive The American College's highest honor, the Huebner Gold Medal. The ceremony honoring Mr. Schiff will take place during The College's annual President's Dinner on Friday, December 2, 2011 at the Smithsonian National Museum of American History in Washington, D.C.

"Bud has been an advocate for continuing education and an outstanding industry leader for many years. As a member of our Board of Trustees and the Chair of our Foundation Board of Directors, he has helped us take enormous strides as an evolving institution while staying true to our core values," Larry Barton, PhD, CAP®, President and CEO of The American College, said. "This award is a symbol of the high regard in which Bud is held."

The Huebner Gold Medal is the highest honor bestowed by The American College and is named for the institution's founder, Dr. Solomon S. Huebner. The medal has been awarded annually since 1975. It honors the select individuals whose support of the College and whose dedication to education and professionalism have been of particular meaning to the institution. The recipients are recognized annually at the President's Circle dinner amid The American College's most dedicated supporters.

The Huebner Award is one of the many accomplishments Schiff has had over the course of his career.

Schiff is currently the Chief Consulting Officer of New York Life Executive Benefits LLC (NYLEX Benefits). He previously served as the Chief Executive Officer of NYLEX Benefits, the Senior Executive Vice President of the Mutual Life Insurance Company of New York (MONY) and as a member of MONY's Board of Trustees.

Schiff earned his Chartered Life Underwriter® (CLU®) designation from The American College in 1968 and his Chartered Advisor in Philanthropy® (CAP®) designation in 2011. In 2010, he was nominated by his colleagues to become the sixth member inducted into The American College's Alumni Hall of Fame.

Over the course of his career, he has served in numerous insurance industry leadership roles, including:

  • President of the Association for Advanced Life Underwriting (AALU).
  • Chairman of the International Million Dollar Round Table (MDRT) Top of the Table.
  • Member of the LIFE Foundation Board of Directors.

Schiff has also served as a Captain in the United States Navy Reserve and is an avid yachtsman. He and his wife Jayne reside in Greenwich, CT, and have two grown children and six grandchildren.

In addition to the award ceremony, Schiff's name will be added to the Huebner Gold Medal Recognition Wall located on The College's campus. The wall includes the names of every medal recipient since the award's inception in 1975.

To learn more about and register for the President's Dinner, contact Mary Phelan at or 610-526-1432.

The American College is the nation's largest non-profit educational institution devoted to financial services.  Holding the highest level of academic accreditation, The College has served as a valued business partner to banks, brokerage firms, insurance companies and others for over 84 years.  The American College's faculty represents some of the financial services industry's foremost thought leaders.  For more information, visit

SOURCE The American College