Considering Joining NY Life

[TheCaspian]

I'm going to assume you've been talking to Judy....

I am intimately familar with the Greater Washington office and can answer most of your questions.

With regards to production (more as a broader point to the forums) there is a minimum production requirement but it doesn't have to be life. It's based on FYC only

Eagle Strategies is the RIA, and you could make a living solely doing fee based advice at NYL

 

[Mkshrp]

I just joined NYL and I like it. The commission is great and they seems to be a leader in the industry. They do push insurance more than investment products but they have a lot of investment products and the guarantees are a great selling point.

 

[yourbk]

Thanks TheCaspian, PM sent.
Helpful to have advice and perspectives from those in a similar position I'd be in if I do work there.

 

[scagnt83]

Eagle Strategies is the RIA, and you could make a living solely doing fee based advice at NYL

You could make a living ....... doesnt mean it is an optimal place to be an IA.... a captive environment never is.

 

[Life4me]

You could make a living ....... doesnt mean it is an optimal place to be an IA.... a captive environment never is.

Its a good start for some one green. In the long run, you are better off as an indy.

 

[annakoch]

Thanks for posting nice information,it helps a lot and reach all people regaring life insurance.

 

[TheCaspian]

Its a good start for some one green. In the long run, you are better off as an indy.

Sure, but that being said, our top agents in the office make millions a year and do mostly investments.

Obviously these big hitters would be successful even if they were forced to work at Banker's, but that they choose to stay at NYL means it's not a terrible place to be

 

[ci2655]

Do NOT go to NYL. While they are not a bad company, your interest in retirement planning and doing 'the right thing' will not align with their quarterly targets. They dumped a lot of loyal agents in the last few years because they "refined" their strategy. I might suggest you open up your stable of options and consider other firms. Perhaps look into Fidelity Investments, Schwab or (gulp) Ameriprise. They think more broadly about customer needs than a large/hard core insurance company.

 

[jfnyl]

Do NOT go to NYL. While they are not a bad company, your interest in retirement planning and doing 'the right thing' will not align with their quarterly targets. They dumped a lot of loyal agents in the last few years because they "refined" their strategy. I might suggest you open up your stable of options and consider other firms. Perhaps look into Fidelity Investments, Schwab or (gulp) Ameriprise. They think more broadly about customer needs than a large/hard core insurance company.

I disagree. I'm focusing my business more on retirement planning, and as a career NYL agent, I am getting a lot of support from management and senior agents. Our top producers in the office and zone focus more on investments and holistic customer needs than looking for the next life case to write.

 

[Mkshrp]

I disagree. I'm focusing my business more on retirement planning, and as a career NYL agent, I am getting a lot of support from management and senior agents. Our top producers in the office and zone focus more on investments and holistic customer needs than looking for the next life case to write.

Yea I agree, NYL is a great company with $525 billion in assets under management very few companies come close to that, with a triple A rating from all the rating agencies, with a 40% market share of the retirement planning, how can anyone say that NYL is not focused on retirement planning. I think some people may just be haters.