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Aegon. Photo: No machine-readable author provided. TeunSpaans assumed (based on copyright claims)., CC BY 2.5, via Wikimedia Commons (https://commons.wikimedia.org/wiki/File:AegongebouwR0013788.JPG)
financial planner insurance executive
Morales was born on February 28, 1941, in Cabaiguan, Cuba, to Ramon Morales and Lilia (Zaila) Morales. He moved to the United States in 1962, establishing the transnational background that preceded his career in American insurance and financial services.
He married Marina Gutierrez on March 1, 1960; she died in 1962. They had two daughters, Marilyn and Belinda.
Morales pursued professional financial-services education at American College, earning the Chartered Life Underwriter designation in 1969, a Master of Science in Financial Services in 1981, and the Chartered Financial Consultant designation in 1982. The institution, founded by Solomon S. Huebner in 1927, developed specialized education for insurance and financial-services professionals and became known for its professional designation programs, including the Chartered Life Underwriter curriculum.
Morales began his insurance career as an agent with Prudential Insurance Company in Newark, New Jersey, from 1965 to 1968. Prudential, founded in Newark in 1875, was one of the major American life-insurance companies serving individual and family financial-security needs. He then served as superintendent of agencies for Beneficial Standard Life Insurance Company in Union City, New Jersey, from 1968 to 1976.
From 1976 to 1980, Morales managed a general agency for Monumental Life Insurance Company in Miami, Florida. He also became president and chief executive officer of InsurAm. Corporation in 1979. From 1980 to 1983, he managed the Miami general agency of Northwestern National Life Insurance Company, followed by regional-management work in the insurance field.
By 1970, Morales was also self-employed with his own insurance agency in the North Miami area. Later regulatory records document his registration history with Washington Square Securities, Walnut Street Securities, Kovack Securities, and RK Advisors, Inc. He worked as a registered representative and investment-adviser representative during the 1980s and 2000s, extending his professional activity from life insurance into securities and financial planning.
Morales developed a career that combined life-insurance agency management, executive leadership, general-agency ownership, and later securities and financial-advisory work.
He completed multiple professional designations in insurance and financial services, including Chartered Life Underwriter, Master of Science in Financial Services, and Chartered Financial Consultant credentials.
Morales is Roman Catholic. Roman Catholicism is the largest tradition within Christianity and is organized around the authority of the pope and the bishops, sacramental worship, and the teachings of the Catholic Church.
Morales was a Fellow of the American Society of Chartered Life Underwriters and served on the board of its Miami chapter from 1981 to 1986. He was also a member of the National Association of Life Underwriters and the International Association of Financial Planners. These organizations connected insurance and financial-planning professionals through education, professional standards, and industry exchange.
Morales was the son of Ramon Morales and Lilia (Zaila) Morales. He married Marina Gutierrez on March 1, 1960; she died in 1962. Their daughters were Marilyn Morales and Belinda Morales.
