Byron F. Allen

Board Member

Byron F. Allen has been President/CFO of American Savings Life Insurance Company since 2006, but his tenure with the firm dates to 1993. His prior roles included loan servicing clerk, staff accountant, loan officer, financial officer, and vice president.

He has robust experience in:

  • Life insurance and mortgage bank company administration and compliance
  • Life insurance and annuity product development, filing, and compliance
  • Analysis skills for both GAAP and Statutory (SSAP) financial statements
  • Private money/hard money real estate lending

His career highlights include:

  • Creating American Savings Life Insurance Company’s mortgage bank subsidiary, American Life Financial Corp, in 2007
  • Creating the trademark name Not So Hard Money™ for the company’s flagship lending program
  • Overseeing the development and bringing to market of several deferred and immediate annuity products, which soon after became the company’s most successful product line
  • Leading the expansion of the company’s geographic lending footprint from one state to 12, with about 75% of loan now from the additional states
  • Developing a loan participation program that offers other life insurance companies the opportunity to participate in Not So Hard Money™ mortgage loans
  • Growing total assets 350% since becoming President

Byron earned bachelor’s degrees in accountancy and computer information science from Arizona State University. Later he returned to ASU for a Master of Business Administration.

Insurance Industry Experience:

  • American Savings Life Insurance Company, 1993-present
  • Investors Preferred, 2020-present


  • Board member, Life Insurers Council, 2016-present
  • Board Chair, Life Insurers Council, 2021-present
  • Past membership chair, National Alliances of Life Companies
  • Past Treasurer and board member, National Association of Insurance and Financial Advisors-Arizona
  • Founding member, board member, and four-term President, Arizona Private Lender Association, 2010-2014
  • Eagle Scout, Boy Scouts of America


  • Master of Business Administration, Arizona State University, 2003
  • Bachelor’s degrees in accountancy and computer information science, Arizona State University, 1997

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