New York Life
New York Life - Management Fast Track Financial Professional Are you looking for a job where you can use your experience to propel your career into management? At New York Life, we will invest in you from the start to help you learn and grow as a financial professional first.
We'll train you in valuable skills, such as marketing, business development, and customer relationship management, and provide you with the tools you need to further your career.
Then we'll train you and provide you with access to the tools you need for a career in management.
What we're looking forWe're looking for people who want to make a lasting impact on the financial well-being of individuals, families, and small businesses--motivated people who can answer yes to one of the following questions:
o Do you have sales or managerial experience in another industry?o Have you previously run your own business?o Do you have an MBA or other equivalent degree? In the Accelerated Path to Management Program, you'll start off as a financial professional, learning how to sell our products, building client relationships, and meeting specific requirements1 before transitioning into a management role.
You'll then undergo a six-month intensive training program designed to prime you for success as a manager.
You will use that experience to understand how to recruit and coach others to success.
What we offerYour first yearYou'll learn firsthand about a financial professional's role and day-to-day work by working as a financial professional for the first year of your career journey with New York Life.
We will provide you with complete training, access to digital tools, and a comprehensive product suite.
Training and resourcesYou will receive top-notch training that will give you an understanding and appreciation for the strength and value of New York Life.
Beyond this training and support, New York Life will provide access to the resources you need to succeed day-to-day, including experts on hand to answer your questions and a suite of digital sales, prospecting and marketing tools that will help you attract and retain your clients with web, social and email content.
Product SolutionsYou will learn about our robust products and services that can help clients and their families achieve their financial goals.
Together with its subsidiaries, New York Life provides a range of competitive insurance and financial products, including life insurance, annuities, long-term care insurance, disability income insurance, and investment products such as mutual funds through our broker-dealer, NYLIFE Securities LLC (member of FINRA and SIPC), a Licensed Insurance Agency.
You will be required to hold securities licenses and FINRA registrations and affiliate with NYLIFE Securities as a registered representative before you can offer investment products.
Your transition to a Field Manager roleAfter meeting specific requirements for the first 12 months as a financial professional, you will enter a specializedsix-month Associate Partner training program.
We'll help you to lead and build your team of financial professionals.
Throughout your career journey with New York Life, you'll continue to have opportunities to grow and be promoted to increasingly senior levels of management.
How we will compensate youWhen you begin with New York Life as a financial professional2, you will receive income that is commission-based.
3 If you meet the requirements and approvals to become an Associate Partner, you will receive a salary.
The salary range for an Associate Partner is $60,000-$150,000 (in California, the salary range is $62,400-$150,000), plus you will be eligible for additional compensation related to the agents you recruit and develop (R&Ds).
R&Ds are additional compensation that is designed to increase your income and to reimburse for any reasonable and necessary expenses we do not otherwise reimburse.
You will also be eligible for medical, dental, and vision benefits, life, long-term disability, and accidental death and dismemberment coverages, a pension plan,4and a 401(k) savings plan.
5New York Life will value and reward your hard work and success.
You'll have significant income potential over time, because our field managers' compensation is directly aligned with their recruiting performance and the production level of their team of financial professionals.
The average income among our 586 recruiters at all levels in 2021 was $270,890.
6 About New York LifeNew York Life is a Fortune 100 company with a long history of doing good.
We have been in business for over 175 years, helping generations of Americans protect their families and attain their financial goals.
As a mutual company, we are accountable only to our policyholders, not to Wall Street or outside investors.
We are focused on long-term success for our clients.
To prepare for the future, we are constantly innovating and looking ahead to find more ways to increase value for our clients.
Awards & AccoladesWe're proud of our financial strength7o A+
Superior (A.
M.
Best)o AAA Exceptionally Strong (Fitch)o Aaa Exceptional (Moody's)o AA
Very Strong (Standard & Poor's) We're proud of the training we offer8o Training Magazine's APEX Award for 2022 We're proud the be recognized by organizations that also value diversityo Latino Leaders:
2022 Best Companies for Latinos to Work Foro Human Rights Campaign:
2022 Corporate Equality Indexo Forbes 2022:
America's Best Employers for Diversity We're proud of the way we serve our clients9o 5.
5 million lives protected (includes all owners of individual life insurance and annuity policies)o $4.
9 billion in living benefits awarded (includes life and annuity cash value accumulation and qualifying policy dividendspaid.
Dividends are not guaranteed.
)o $938 million lifetime annuity paid (includes all payouts on individual income annuity products)o Over $1.
1 trillion life insurance protection in force (includes term, whole, and universal life) 1 Specific production and licensing requirements must be met, and approvals obtained before transitioning to field management.
Please ask your New YorkLife recruiter for details.
2 If you qualify for an Introductory (PTAS) Contract, you will preview an agent career with New York Life as an independent contractor while continuing towork at your current job, with limited exceptions.
During this preview period of up to six months, any sales you make will continue to accrue until youeither make enough sales to become a full-time agent under a Training Allowance Subsidy (TAS) Contract or the passage of six months, whichever isearlier.
If you do not become a full-time agent, all commissions on any sales you made will be paid to you at the end of six months.
If you become a fulltimeagent under a TAS Contract, you will be credited with the commissions you accrued under the Introductory Contract.
3 If you would like more information about commission-based income for financial professionals, please consult with your New York Life recruiter.
4 Certain eligibility requirements apply.
Monthly payments are determined by your earnings, years of service, age, and the form of payment you choose.
Thecompany reserves the right to amend or terminate the plan at any time for any reason.
5This is necessarily brief and provides only a list of benefits available to Associate Partners under the applicable plans.
Specific terms, such as eligibilityand benefits, are determined only by the terms and conditions contained in the relevant plan documents.
The company reserves the right to amend orterminate benefit plans at any time for any reason.
6 In addition to salary, average recruiter income includes certain non-guaranteed income that is dependent on a number of factors, including your fieldmanagement title/level, the sales results of your agent unit and/or your General Office, and your applicable field management compensation plan.
Thecompany reserves the right to amend, modify, or terminate the compensation plans at any time.
The historical income numbers shown above includeadditional compensation payments designated to reimburse all of a field manager's business expenses not otherwise reimbursed by the company.
Average partner income is provided for illustrative purposes only.
7 New York Life Insurance Company continues to receive the highest financial strength ratings currently awarded to any life insurer in the U.
S.
from all fourmajor rating agencies.
Source:
Individual Third-Party Ratings Reports:
A.
M.
Best A++, Fitch Ratings AAA, Moody's Aaa, and Standard & Poor's AA
(as of10/18/2022).
8 A full list of our awards is available here:
https:
//www.
newyorklife.
com/newsroom/our-awards-and-recognition9 All figures reflect the consolidated results of New York Life Insurance Company (NYLIC) and its domestic insurance subsidiaries, including New York LifeInsurance and Annuity Corporation (NYLIAC), for the 12 months ending December 31, 2021.
Individual life insurance in force is the total face amountof individual life insurance contracts (term, whole, and universal life) outstanding for NYLIC and its domestic insurance subsidiaries at a given time.
The company's individual life insurance in force totaled $1,139.
45 billion at December 31, 2021 (including $182.
30 billion for NYLIAC).
Intercompanytransactions have been eliminated in consolidation.
Benefits:
Long Term Disability, Medical, Dental and Vision, On Site Cafeteria, Parking , 401K, Tuition Reimbursement, Work From Home, Employee Referral Program, Employee Events, Retirement / Pension Plans, Performance bonus, Gym Memberships, Life Insurance, Flexible Schedules, Professional Development, Mobile Phone DiscountAbout the Company:
New York LifeFacts:
New York Life is among the strongest and most respected financial companies in the world.
New York Life has earned the highest possible financial strength ratings from each of the four major rating companies:
A.
M.
Best (A++), Standard & Poor's (AA+), Moody's (Aaa), and Fitch (AAA).
For 64 Consecutive years, we have led the Million Dollar Round Table, with more members than any other financial institution in the world.
New York Life has been recognized as one of the 50 Best Companies to Launch a Career by BusinessWeek, one of America's Best Large Employers by Forbes and one of the World's Most Admired Companies by Fortune.
For the fourth consecutive year, our Boston General Office was recognized as one of the TOP PLACES TO WORK by the Boston Globe.
Mission Statement and Values:
Our Mission is to provide financial security and peace of mind through our insurance, annuity and investment solutions.
We act with integrity and humanity in all our interactions with our policy owners, business partners, and one another.
Grounded in both confidence and humility, we serve as stewards for the long term.
We are here for good, reflecting both the permanence of New York Life and our commitment to do the right thing in business and society.
Everything we do has one overriding purpose:
to be there when our policy owners need us.
That's why New York Life is The Company You Keep.
Company Size:
10,000 employees or moreIndustry:
Financial ServicesFounded:
1845Website:
http:
//newyorklife.
com.
Estimated Salary: $20 to $28 per hour based on qualifications.
We'll train you in valuable skills, such as marketing, business development, and customer relationship management, and provide you with the tools you need to further your career.
Then we'll train you and provide you with access to the tools you need for a career in management.
What we're looking forWe're looking for people who want to make a lasting impact on the financial well-being of individuals, families, and small businesses--motivated people who can answer yes to one of the following questions:
o Do you have sales or managerial experience in another industry?o Have you previously run your own business?o Do you have an MBA or other equivalent degree? In the Accelerated Path to Management Program, you'll start off as a financial professional, learning how to sell our products, building client relationships, and meeting specific requirements1 before transitioning into a management role.
You'll then undergo a six-month intensive training program designed to prime you for success as a manager.
You will use that experience to understand how to recruit and coach others to success.
What we offerYour first yearYou'll learn firsthand about a financial professional's role and day-to-day work by working as a financial professional for the first year of your career journey with New York Life.
We will provide you with complete training, access to digital tools, and a comprehensive product suite.
Training and resourcesYou will receive top-notch training that will give you an understanding and appreciation for the strength and value of New York Life.
Beyond this training and support, New York Life will provide access to the resources you need to succeed day-to-day, including experts on hand to answer your questions and a suite of digital sales, prospecting and marketing tools that will help you attract and retain your clients with web, social and email content.
Product SolutionsYou will learn about our robust products and services that can help clients and their families achieve their financial goals.
Together with its subsidiaries, New York Life provides a range of competitive insurance and financial products, including life insurance, annuities, long-term care insurance, disability income insurance, and investment products such as mutual funds through our broker-dealer, NYLIFE Securities LLC (member of FINRA and SIPC), a Licensed Insurance Agency.
You will be required to hold securities licenses and FINRA registrations and affiliate with NYLIFE Securities as a registered representative before you can offer investment products.
Your transition to a Field Manager roleAfter meeting specific requirements for the first 12 months as a financial professional, you will enter a specializedsix-month Associate Partner training program.
We'll help you to lead and build your team of financial professionals.
Throughout your career journey with New York Life, you'll continue to have opportunities to grow and be promoted to increasingly senior levels of management.
How we will compensate youWhen you begin with New York Life as a financial professional2, you will receive income that is commission-based.
3 If you meet the requirements and approvals to become an Associate Partner, you will receive a salary.
The salary range for an Associate Partner is $60,000-$150,000 (in California, the salary range is $62,400-$150,000), plus you will be eligible for additional compensation related to the agents you recruit and develop (R&Ds).
R&Ds are additional compensation that is designed to increase your income and to reimburse for any reasonable and necessary expenses we do not otherwise reimburse.
You will also be eligible for medical, dental, and vision benefits, life, long-term disability, and accidental death and dismemberment coverages, a pension plan,4and a 401(k) savings plan.
5New York Life will value and reward your hard work and success.
You'll have significant income potential over time, because our field managers' compensation is directly aligned with their recruiting performance and the production level of their team of financial professionals.
The average income among our 586 recruiters at all levels in 2021 was $270,890.
6 About New York LifeNew York Life is a Fortune 100 company with a long history of doing good.
We have been in business for over 175 years, helping generations of Americans protect their families and attain their financial goals.
As a mutual company, we are accountable only to our policyholders, not to Wall Street or outside investors.
We are focused on long-term success for our clients.
To prepare for the future, we are constantly innovating and looking ahead to find more ways to increase value for our clients.
Awards & AccoladesWe're proud of our financial strength7o A+
Superior (A.
M.
Best)o AAA Exceptionally Strong (Fitch)o Aaa Exceptional (Moody's)o AA
Very Strong (Standard & Poor's) We're proud of the training we offer8o Training Magazine's APEX Award for 2022 We're proud the be recognized by organizations that also value diversityo Latino Leaders:
2022 Best Companies for Latinos to Work Foro Human Rights Campaign:
2022 Corporate Equality Indexo Forbes 2022:
America's Best Employers for Diversity We're proud of the way we serve our clients9o 5.
5 million lives protected (includes all owners of individual life insurance and annuity policies)o $4.
9 billion in living benefits awarded (includes life and annuity cash value accumulation and qualifying policy dividendspaid.
Dividends are not guaranteed.
)o $938 million lifetime annuity paid (includes all payouts on individual income annuity products)o Over $1.
1 trillion life insurance protection in force (includes term, whole, and universal life) 1 Specific production and licensing requirements must be met, and approvals obtained before transitioning to field management.
Please ask your New YorkLife recruiter for details.
2 If you qualify for an Introductory (PTAS) Contract, you will preview an agent career with New York Life as an independent contractor while continuing towork at your current job, with limited exceptions.
During this preview period of up to six months, any sales you make will continue to accrue until youeither make enough sales to become a full-time agent under a Training Allowance Subsidy (TAS) Contract or the passage of six months, whichever isearlier.
If you do not become a full-time agent, all commissions on any sales you made will be paid to you at the end of six months.
If you become a fulltimeagent under a TAS Contract, you will be credited with the commissions you accrued under the Introductory Contract.
3 If you would like more information about commission-based income for financial professionals, please consult with your New York Life recruiter.
4 Certain eligibility requirements apply.
Monthly payments are determined by your earnings, years of service, age, and the form of payment you choose.
Thecompany reserves the right to amend or terminate the plan at any time for any reason.
5This is necessarily brief and provides only a list of benefits available to Associate Partners under the applicable plans.
Specific terms, such as eligibilityand benefits, are determined only by the terms and conditions contained in the relevant plan documents.
The company reserves the right to amend orterminate benefit plans at any time for any reason.
6 In addition to salary, average recruiter income includes certain non-guaranteed income that is dependent on a number of factors, including your fieldmanagement title/level, the sales results of your agent unit and/or your General Office, and your applicable field management compensation plan.
Thecompany reserves the right to amend, modify, or terminate the compensation plans at any time.
The historical income numbers shown above includeadditional compensation payments designated to reimburse all of a field manager's business expenses not otherwise reimbursed by the company.
Average partner income is provided for illustrative purposes only.
7 New York Life Insurance Company continues to receive the highest financial strength ratings currently awarded to any life insurer in the U.
S.
from all fourmajor rating agencies.
Source:
Individual Third-Party Ratings Reports:
A.
M.
Best A++, Fitch Ratings AAA, Moody's Aaa, and Standard & Poor's AA
(as of10/18/2022).
8 A full list of our awards is available here:
https:
//www.
newyorklife.
com/newsroom/our-awards-and-recognition9 All figures reflect the consolidated results of New York Life Insurance Company (NYLIC) and its domestic insurance subsidiaries, including New York LifeInsurance and Annuity Corporation (NYLIAC), for the 12 months ending December 31, 2021.
Individual life insurance in force is the total face amountof individual life insurance contracts (term, whole, and universal life) outstanding for NYLIC and its domestic insurance subsidiaries at a given time.
The company's individual life insurance in force totaled $1,139.
45 billion at December 31, 2021 (including $182.
30 billion for NYLIAC).
Intercompanytransactions have been eliminated in consolidation.
Benefits:
Long Term Disability, Medical, Dental and Vision, On Site Cafeteria, Parking , 401K, Tuition Reimbursement, Work From Home, Employee Referral Program, Employee Events, Retirement / Pension Plans, Performance bonus, Gym Memberships, Life Insurance, Flexible Schedules, Professional Development, Mobile Phone DiscountAbout the Company:
New York LifeFacts:
New York Life is among the strongest and most respected financial companies in the world.
New York Life has earned the highest possible financial strength ratings from each of the four major rating companies:
A.
M.
Best (A++), Standard & Poor's (AA+), Moody's (Aaa), and Fitch (AAA).
For 64 Consecutive years, we have led the Million Dollar Round Table, with more members than any other financial institution in the world.
New York Life has been recognized as one of the 50 Best Companies to Launch a Career by BusinessWeek, one of America's Best Large Employers by Forbes and one of the World's Most Admired Companies by Fortune.
For the fourth consecutive year, our Boston General Office was recognized as one of the TOP PLACES TO WORK by the Boston Globe.
Mission Statement and Values:
Our Mission is to provide financial security and peace of mind through our insurance, annuity and investment solutions.
We act with integrity and humanity in all our interactions with our policy owners, business partners, and one another.
Grounded in both confidence and humility, we serve as stewards for the long term.
We are here for good, reflecting both the permanence of New York Life and our commitment to do the right thing in business and society.
Everything we do has one overriding purpose:
to be there when our policy owners need us.
That's why New York Life is The Company You Keep.
Company Size:
10,000 employees or moreIndustry:
Financial ServicesFounded:
1845Website:
http:
//newyorklife.
com.
Estimated Salary: $20 to $28 per hour based on qualifications.
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