Is New York Life a legit company?
New York Life earned 4.5 stars out of 5 for overall performance. NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account consumer experience, complaint data from the National Association of Insurance Commissioners and financial strength ratings.
Is New York Life All commission only?
It is a commission only job, however, and the slow months are hard to bare. It's a very competitive market so great job if you are well connected with the right people.
Does New York Life have a base salary?
New York Life Agent There is no base salary.
Does New York Life give you leads?
You will have absolutely NO work-life-balance because you will spend all day desperately trying to find prospects. The reason being is that they will not give you ANY leads, they tell you to go for your former coworkers, friends and family!
How do I quit New York Life?
You may need to cancel the affiliation with New York Life. The termination usually needs to be filed within a 30 day window, however canceling affiliation is not always mandatory. To become properly appointed with the new insurance carrier or agency, you simply complete contracting with the new insurance carrier.
Are New York Life agents fiduciary?
As stated earlier, NYLIM is a fee-based firm whose employees can earn compensation beyond client-paid fees. While this fee structure can create a potential conflict of interest, the firm is a fiduciary and must always act in the best interest of the client.
Who owns NY life?
New York Life Insurance CompanyHeadquarters at the New York Life BuildingKey peopleCraig DeSanto, CEO Ted Mathas, ChairmanProductsLife insurance, annuities, long-term care, asset managementRevenueUS$44.117 billion (2019)Net incomeUS$1.004 billion (2019)11 more rows
How much do New York Life partners make?
Average New York Life Managing Partner yearly pay in the United States is approximately $122,944, which is 55% above the national average.
Does New York Life pay for training?
The training was free, but you pay for license and fingerprinting. They want you to make 25 calls a day minimum and you have to get numbers yourself. Had to use family or friends who most likely would not want product in the first place.
Do you need a degree to work at New York Life?
We have a preference for individuals who are bi- or tri-lingual, as well as those with a 4-year college degree (not necessarily in business, marketing or insurance). Training: At New York Life, we take your training seriously.
What do New York Life agents do?
New York life agents are trained to assess personal needs and objectives. A simple evaluation can help make sure you and your eligible employees have enough protection in individually owned life insurance, individual long-term care insurance, retirement strategies, and educational funding to meet your financial goals.
What insurance does New York Life sell?
Whole Life Insurance Options From New York Life For whole life policies, New York Life's options are Whole Life and Custom Whole Life. These whole life insurance policies are: Guaranteed to have level monthly premiums for the Whole Life policy and flexible premiums for the Custom Whole Life policy.
This is a pyramid scheme scam
None. You owe money when you leave because NY Life charges its agents rent for their desk and phone and faxes and leads.
Great Support - Team Culture
Excellent people Industry experts Great brand and values Approachable, authentic leadership (always available to chat)
Great company, but get the details
Phenomenal company with great associates and training. Absolutely top-notch.
New York Life Careers
New York Life Insurance Company, a Fortune 100 Company founded in 1845, is the largest mutual life insurance company in the United States... – More
Great job for the right person
You can make a lot of money. People in your office doing the same job, but at a much higher level than someone in there first year will be making close to half a million dollars a year or more from residual income from renewals and commissions.
New York Life Careers
New York Life Insurance Company, a Fortune 100 Company founded in 1845, is the largest mutual life insurance company in the United States... – More
New York Life is NOT MLM or a pyramid scheme
New York Life is an A+ A+A+A+ rated insurance company. This year marks 175 years of helping people to be good at life.
New York Life Careers
New York Life Insurance Company, a Fortune 100 Company founded in 1845, is the largest mutual life insurance company in the United States... – More
