Dr. Solomon S. Huebner, the prominent insurance professor and department head at the University of Pennsylvania's Wharton School, was the inspiration and founder of The American College.Dr. Huebner
clearly articulated that this new school's purpose was to bring about through education the recognition of the importance of life insurance to the economy of the United States and to the needs of people and their families.He
saw The American College
as leading the way for other more traditional colleges and universities to include life insurance education in their curricula.He
also believed that the College could raise the standards of the life insurance producer to that of a professional through a life insurance-oriented curriculum that led to a designation.
Back when the College was founded, however, Dr. Huebner
believed that life insurance was the appropriate focus of the College.He
believed that life insurance was woefully underappreciated and misunderstood by the general public.He
was not the first person from Philadelphia to reach this conclusion.
The economic value of life insurance and the human life value concept as described by Dr. Huebner
in 1927 appeared obsolete and irrelevant to the personal financial interests of most persons by the end of the 20th century.