Being a New York Life client means that you get the benefit of working with our financial professionals, who will partner with you for life. Anyone have experience with New York Life? We are looking for a life insurance agent with an enterprising spirit and amazing customer service skills to join our fast-growing insurance agency and help our clients achieve their financial goals. Average New York Life Financial Advisor yearly pay in the United States is approximately $83,383, which is 23% above the national average. For 59 consecutive years, we have led the Million Dollar Round Table, with more members than any other financial institution in the world. Hey Jack. The typical New York Life Financial Services Professional salary is $54,799. What are the good and bad things about it? Never let a no be a no, always make it a yes. Learn about New York Life culture, salaries, benefits, work-life balance, management, job security, and more. But don't neglect family or friends. Whole life is a poorly performing investment, not a scam per se. While it isn't a scam I wouldn't take buy financial products from my taxi driver. Start hitting the pavement and talking to your alumnis. For nearly 175 years, people have worked with New York Life to protect their families and futures. Share. If you’re looking for coverage in New York… If they do request to move to another General Agency (GA) or go to another company. Also, check out personal finances biew on whole life. Is it a scam as in its doing something illegal or fraudulent? If he has to drive Lyft to make ends meet... i wouldn't buy from him. A quick google search for the company gave me a lot of negative reviews on how the handle customer service. For nearly 175 years, people have worked with New York Life to protect their families and futures. Press question mark to learn the rest of the keyboard shortcuts. It is insurance though - which can seem like a scam and may simply not be relevant to you or a good decision. This estimate is based upon 132 New York Life Financial Services Professional salary report(s) provided by employees or estimated based upon statistical methods. Join our community, read the PF Wiki, and get on top of your finances! This will stop you from gaining clients, that is why NYL hires support staff. Plus you may meet a nice client or beautiful acquantaince. View this and more full-time & part-time jobs in New york, NY on Snagajob. The proctor must fax their approval form, (received from The New York Department of Insurance), along with your name, course and section information to: The American College of Financial Services Attention: CE at 610-526-1402. They are there to answer your questions. This estimate is based upon 132 New York Life Financial Services Professional salary report(s) provided by employees or estimated based upon statistical methods. No one expects to know everything, esp if you just started. As well as the policy he referred to my job offers me and already enrolled in for much lower then the estimate I was given. I spent my first 8months in the business cold calling 200ppl a day. Its all cold calling and cold knocking. My job already offers me okay benefits, but figured his company might have something decent or supplement what my job already offers. The average New York Life salary ranges from approximately $30,000 per year for Office Assistant to $157,628 per year for Vice President. 1,168 New York Life Financial Services jobs available on Indeed.com. Financial Services Professional salaries at New York Life can range from $1 - $124,988. 069340 your time will be better spent gaining licenses and talking to CPAs and attorneys out for coffee. Corporate Careers; Become a Financial Professional; Find a Recruiter in Your State; Locate a General Office by State; New York Life Foundation; New York Life Ventures; Financial Information; Corporate Governance; Employee Login 116 reviews from New York Life employees about working as a Financial Representative at New York Life. Salary information comes from 573 data points collected directly from employees, users, and past and present job … The average salary for a Financial Advisor at New York Life Insurance Company is $44,962. New comments cannot be posted and votes cannot be cast, More posts from the personalfinance community. 97 New York Life reviews. New York Life’s current adjusted GAAP financial leverage, excluding accumulated other comprehensive income, together with secured and non-recourse debt, is … once you start making money amd gaining clients you can basically become your own boss. Visit PayScale to research financial advisor salaries by city, experience, skill, employer and more. We believe in the importance of human guidance and in trusted relationships built on being there when our customers need us most. There are lots of ways that we can help you build wealth and prepare for the future, and your financial professional will be happy to discuss them at your convenience. 122 reviews from New York Life employees about working as a Financial Advisor at New York Life. It's 100% insurance sales, also annuities and investment accounts. Apply online instantly. I’m curious though what is it about whole life insurance that allows it to perform poorly? They're a multi billion dollar company offering many products, some of which are life insurance and supplemental policies. Our clients are also backed by a company with a long history and notable financial strength—that’s the type of security and track record you can rely on. Title really says it all but just wanted confirmation. I recently went to a Career Fair, and got an interview with New York Life as a "Financial Services Professional." At New York Life our financial professionals help families protect their finances, futures, and loved ones. Plan your career in the wide world of finance. Also, take a look at some of my other posts on life insurance. All of these are performance driven, I.e. Having worked for 2 of the largest mutual insurance carriers in the business so I can give you some insight. Posting id: 610648474. I paraphrased that. Though not ideal nor fun, this was the best sales training I could get, thickens your skin and hones your pitch. 061691: New York Life Insurance Company (C) Represents the "as filed" Company Consolidated financials for the Life, Annuity, and Accident business of this legal entity. These should take no.longer than 15min. Scam definitely wasn’t the right term, but if I learned one thing from personal finance if when something is too good to be true it’s most likely Bologna. The opportunity to move up and laterally is what really attracted me along with having control of my career as it's based on performance. New York Life is good to great in all 3. No, it's not a scam. Not a scam, but likely not a worthy investment. Amateur traders egging on one another on Reddit bet heavily on ... policies about the use of social media by financial professionals. New York Life Financial Services Professional Reviews. Insurance. Also, take a look at some of my other posts on life insurance. NY Life is an excellent company. Either way this is good since you're doing something right or getting closer to doing something right. 3. While signing your policy is the end of the application process, it's just the beginning of your relationship with New York Life. At the moment, I currently have decent coverage and next enrollment period I could up it if I really wanted to. It's illegal to solicit while driving for uber, why? I recently went to a Career Fair, and got an interview with New York Life as a "Financial Services Professional." Excuse any typos I'm writing on my.phone. Have fun and take vacations. The game has changed insurace is a commodity anymore and as a captive rep you only have one line. LEARN MORE. Press question mark to learn the rest of the keyboard shortcuts. Directly apply to New York Life and NYLIFE Securities and find other jobs near you. Much more efficient nda less stressful way to obduct business. this will prevent you from putting your foot in your mouth and blowing the sale. NYL has no salary, and no draw either. I guess I just need some info and guidance on this possible career, any info is appreciated! If someone says no ask them a question that has to ha e a yes answer. Sales is emotionally draining. If you can talk to ppl and have social relationships lasting more than a week. Make sure you ask them how compensation is paid out. Or, I have someone I work with who's an expert on this subject, I really think.it's worth both of our times to schedule a brief call/meeting with them". Bullshit, you need it even if you don't think you have enough money. I got a 2nd interview, but I've never worked in the business, finance, or sales fields. The typical New York Life Financial Services Professional salary is $54,799. Apply to Financial Specialist, Financial Professional, Partnership Manager and more! This is an antiquated sales tactic that shouldn't be used until you've either cut your teeth a little and you feel confident in what you're saying, or if you want to practice your sales pitch with family and friends. The best feed back you can get is from strangers, bc they will either pay you or stop talking to you. level 1 ... help Reddit App Reddit coins Reddit premium Reddit gifts. He gave me his business card suggesting I’d check out his company policies. New York Life funds the Retirement Plan, manages the assets and takes on the investment risk. New York Life New York Life . No. Great product and training. you can do sales. They will help you, even.if they don't do business w you you can at least practice your pitch. New York Life Group (G) Rating Unit: Represents the AM Best Consolidated financials for the Life, Annuity, and Accident business of this legal entity. I've said this more times than I can count and have never heard no. New comments cannot be posted and votes cannot be cast, More posts from the FinancialCareers community. Go get a job at a brokerage taking trades and get you series seven Insurance is a churn and burn operation. But it's actually also illegal for him to solicit business while he's driving for uber. You will have club credits, commissions, possibly a draw salary, a cash balance plan. Financial Services Professional salaries at New York Life can range from $1 - $124,988. The Financial Professional position is a client-based role where you run your own practice, but have the support of a Fortune 100 company. Whether you are looking for your first job, are a seasoned professional, or are returning to the workplace, we believe that New York Life is a great place to work. While it isn't a scam I wouldn't take buy financial products from my taxi driver. Press J to jump to the feed. I got a 2nd interview, but I've never worked in the business, finance, or sales fields. Brief story time: On my way home on a Lyft today me and my driver were talking. Let me.know if you have any other questions. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. They might ask you to list 20-100ppl to call and sell insurance to. Plus add that people will shop you on line hard. Even if they want something or think they know everything (which is almost never the case) they are buying you. You can fully look into what he's offering you and decide for yourself. In my opinion family and friends are not good sounding boards for sales pitches, bc they tend to tell you what you want to hear or don't look at you from a professional stand point. Press J to jump to the feed. We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. Has anyone here ever worked this job? Do you need/want more life insurance? New York Life expects the best from employees, and in return, provides stellar career opportunities for development with openings at every level in a variety of roles. If you want to get into the Financial Advisory business, I highly suggest you start out as an assistant/junior producer on a successful team first. Report Save. We believe in the importance of human guidance and in trusted relationships built on being there when our customers need us most. This is not just a sales job—it’s a career with purpose and opportunity. Average New York Life hourly pay ranges from approximately $10.00 per hour for Personal Assistant to $36.00 per hour for Manager. This is not slmething I would recommend. Updated Feb 23, 2021 Connect to your plan details. Prepare for your New York Life & Health insurance license with Kaplan Financial Education's prelicensing and exam prep study options. You must make a game out of this or you will burn out and hate yourself. Never ever ever EVER be afraid of saying you don't know. Whole Life insurance is a legitimate thing to purchase. He offered something called the “whole life” policy and after he explained it the BS detectors immediately went off in the back of my head. Term life is all most people need. So if you hit the metrics that's set for a position, you can move into that position without any barriers to entry from management because you qualified based on metrics. As a Financial Professional with New York life you will guide individuals, families and businesses alike into the financial future they desire by utilizing our expansive insurance and financial product lines. Just google Whole Life Insurance and you can read all about it. They will help you. A lot of.ppl will tell you that you didn't earn vacation and to be successful you need to stay on 24/7. You will be severely underpaid for next 3 to 5 yrs (depending on how smart, not how hard you work). Apply for a New York Life Financial Professional job in New york, NY. Hey Jack. NY Life is an excellent company. Is it safe to assume New York Life Insurance Company a scam?