Financial Professional
Company: New York Life Insurance Company
Location: San Antonio
Posted on: February 1, 2025
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Job Description:
Financial Professional
Repost Job Date: 2/1/2025 2:07:41 AM
Location: San Antonio, TX, 78230
Salary: $75000.0 - $250000.0/year
Experience: 0 Year(s)
At New York Life, you're in control of your career journey. You can
grow your practice with the backing of a Fortune 100 company that
is a leader in the financial services industry. New York Life is
the largest mutual life insurance company in the United States 1
and holds the highest financial strength ratings currently awarded
to any life insurer in the United States. 2 We proudly have more
MDRT members than any other company and know what it takes to help
you be successful. 3
What we offer...
Wide ranges of products to address clients' needs.
With New York Life, you can offer diverse products and services to
help meet your clients' protection and financial needs. These
products include: life insurance, annuities, long term care
insurance, disability insurance and investment products offered
through our broker-dealer arm NYLIFE Securities LLC (member FINRA
and SIPC), a Licensed Insurance Agency, and workplace solutions
offered by our Business Solutions division. You can also use our
sponsored marketing agreements to offer non-proprietary products to
your clients, such as group health insurance. Enhance your wealth
planning practice by becoming a Financial Advisor with our
investment advisory affiliate Eagle Strategies LLC, a Registered
Investment Adviser. As a New York Life Agent, you will also have
access to the company's Advanced Planning Group for large and
complex case design and support for your clients.
Flexibility to operate your practice.
With the flexibility to work in one of our 115 offices nationally
or work in a detached location, New York Life provides a strong
foundation for your success. Additionally, you can choose whether
to market under the New York Life brand or your own business name
with a DBA. You have the flexibility at New York Life to do what's
right for your practice.
Support and development opportunities to grow your practice .
New York Life will invest in you and your business from the start,
with a product and developmental support team dedicated to your
success that will never compete with you for sales. Leverage New
York Life's industry-leading learning platform for continuing
education and specialization. Through our Practice Models learning
paths, we provide the opportunity to specialize and hone market
expertise in areas such as Financial Guidance, Retirement
Planning,4 Wealth Advisory,5 and Estate Planning. Beyond formal
continuing education opportunities and reimbursement for obtaining
certain industry professional designations, New York Life offers
strong peer-to-peer support options, including study groups and
mentorship opportunities. You'll also get rewarded and acknowledged
with our sales incentives and professional development trips for
top performing agents.
How we will compensate you.
The average income of our agents under the N8 and N9 Agent's
Contract who met annual minimum sales production requirements in
2022 was $115,917.6 In that same year, the average income of the
top 50 of those agents was $1.59M.6 Benefits include medical,
dental, vision, a 401(k) and pension.7
About New York Life...
As a mutual company, New York is accountable only to our
policyholders. That means we are fully aligned with the interest of
our clients, not with outside investors or Wall Street. Our focus
is on delivering value to our clients. We have been in business for
over 175 years, helping generations of Americans protect their
families and attain their financial goals. Every year since 1854,
we've paid dividends to eligible policyholders.8 To prepare for the
future, we are constantly innovating and looking ahead to find more
ways to increase value for our clients.
Awards & Accolades... We're proud of our financial strength 2
We're proud of the training we offer 9
We're proud of the training we offer 9
We're proud the be recognized by organizations that also value
diversity.
We're proud of the help we've provided and continue to provide our
clients 10
New York Life is an Equal Opportunity Employer -
M/F/Veteran/Disability/Sexual Orientation/Gender Identity
1. Based on revenue as reported by "Fortune 500 ranked within
Industries, Insurance: Life, Health (Mutual)," Fortune magazine,
5/23/22. For methodology, please see
http://fortune.com/fortune500/.
2. Individual Third-Party Rating Reports for financial strength:
A.M. Best A++, Fitch Ratings AAA, Moody's Aaa, and Standard &
Poor's AA+ (as of 10/18/2022).
3. New York Life agents have led the Million Dollar Round Table for
68 consecutive years. 1,484 of MDRT members are New York Life
professionals. Source: MDRT, July 2022
4. Retirement Planning specialization: Must be a Registered
Representative with NYLIFE Securities LLC, member FINRA/SIPC, a
Licensed Insurance Agency and a New York Life Company.
5. Wealth Advisory specialization: Must be a Financial Advisor
affiliated with Eagle Strategies LLC, A Registered Investment
Adviser and a New York Life company. Qualification requirements
include but are not limited to applicable FINRA general securities,
agent state law, investment advisory licenses, compliance history,
production standards, and required training. Requirements are
subject to change.
6. Based on 2022 company data for 7,603 agents operating under our
N9 and N8 Agent's Contracts in all states, without persistency
bonus, who were active as of December 31, 2022. N9 is the current
contract for new financial professionals. N8 contracts were issued
to new financial professionals prior to April 2004. Contracts
determine your compensation and benefits. Sales production
requirements are determined annually by the company. Historical
agent incomes are provided for informational purposes only. Agent
income is not guaranteed. Income is dependent upon the sales of
each agent. Agent compensation is commission-based and determined
through the ledger process. Overall compensation includes positive
income credits for commissions based on actual sales and certain
allowances or incentives, if eligible, based upon persistency and
production, as well as debits associated with commission reversals,
authorized expenses, and other items. Each credit and debit posted
to the Agent's Ledger is part of determining the agent's
compensation and no individual credit posted to the ledger is
earned until the ledger reconciliation process is complete. Agents
receive payments equal to the positive balance on the Agent's
Ledger after the credits and debits are applied.
7. This is necessarily brief and provides only general descriptions
of the benefits available to eligible agents under the applicable
plans. Specific terms, such as eligibility and benefits, are
determined only by the terms and conditions contained in the
relevant plan documents. In the event of any conflict between the
information herein and the provisions of the plan documents, the
plan documents will govern. The company reserves the right to amend
or terminate the benefit plans described herein at any time for any
reason.
8. Dividends are not guaranteed.
9. A full list of our awards is available here:
https://www.newyorklife.com/newsroom/our-awards-and-recognition
10. All figures reflect the consolidated results of New York Life
Insurance Company and its domestic insurance subsidiaries,
including New York Life Insurance and Annuity Corporation, for the
12 months ending December 31, 2022.
11. This reflects the consolidated results of New York Life
Insurance Company (NYLIC) and its domestic insurance subsidiaries,
including New York Life Insurance and Annuity Corporation (NYLIAC),
for the 12months ending December 31, 2022. Individual life
insurance in force is the total face amount of 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 $1,166.01
billion at December 31, 2022 (including $180.61 billion for
NYLIAC). Intercompany transactions have been eliminated in
consolidation.
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Keywords: New York Life Insurance Company, New Braunfels , Financial Professional, Accounting, Auditing , San Antonio, Texas
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