New York Life is a great company but…..
Great training. The company culture is great. But being
an agent is very challenging
. You have to get our own leads.
How long does it take to become a New York Life agent?
You'll receive a full introduction to products and selling skills, including how to develop your client base. After an initial six months of sales training, you'll spend
two years in the Associate Program
, an intensive experience that's focused on life insurance marketing, product selling, and technical knowledge.
How do NY Life agents get paid?
Starting commissions
As a new agent, the first thing to understand is that there is no base salary – the job is
100% commission-based
. Having said that, your compensation is 55% on 1
st
-year premium plans, 6% on expense accounts, increasing to 54% for accounts of $750,000 and up.
Is NY Life legit?
New York Life
is a scam operation
. They force you to study and pass both the Health and Life Insurance license exams in just a few months when in reality the Health test is a nightmare of changing rules and laws every year and the test is not current with the new laws. Its a joke.
Is it hard to be a New York Life agent?
New York Life is a great company but…..
Great training. The company culture is great. But being
an agent is very challenging
. You have to get our own leads.
Does New York Life pay salary?
Average New York Life Insurance Agent yearly pay in California is
approximately $81,069
, which is 24% above the national average. Salary information comes from 737 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months.
Does New York Life pay for training?
Excellent benefits package. Agents own their own book of business under New York Life umbrella. Straight commission with training allowance based on commission for first three years.
NO base pay
.
Does New York Life insurance pay a base salary?
Great Company, Tough Job
Like most sales jobs, your pay is based on commision.
There is no base salary
, they provide you with a training allowance for your first 3 years but you must meet a quota to receive it.
Does New York Life provide leads?
This is pure sales and
they don't provide leads
. Training is spotty. Training from corporate is great but from local office, not so good.
Does New York Life drug test their agents?
No they do not drug test
.
How much do New York Life financial professionals make?
How much does a Financial Advisor make at New York Life in California? Average New York Life Financial Advisor yearly pay in California is
approximately $93,603
, which is 32% above the national average.
What does a New York Life agent 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 does a financial advisor do at New York Life?
At New York Life our financial professionals
help families protect their finances, futures, and loved ones
. There are numerous roles and paths here: whether providing protection-based solutions, offering retirement planning and guidance, or mentoring the next generation.
What bank does New York Life use?
New York Life |
Chase Bank
.
Does New York Life have living benefits?
New York Life Living Benefits Riders can be added to new policies or to most existing policies issued after 1985 for a one-time charge, which is applied when the rider is exercised. However, the policy owner must choose living benefits coverage, but
it can be added at any time
.
What is New York Life known for?
New York Life Insurance Company operates as an insurance company. The Company provides
life insurance, wealth management, estate and retirement planning, and investment services
. New York Life Insurance serves customers worldwide.
