The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. The employee data is based on information from people who have self-reported their past or current employments at New York Life Insurance. Zippia gives an in-depth look into the details of New York Life Insurance, including salaries, political affiliations, employee data, and more, in order to inform job seekers about New York Life Insurance. Partial health benefits paid for in retirement.Īfter two years as a Successful Financial Professional, the career advancement opportunities that may be available include: Partner, sales development manager, product consultant, and also home office opportunities. Reimbursement for courses taken on industry designations. Health/Dental/Life/Disability Insurance 401(k) plan and Defined Benefit Pension Plan. NYLIC University: One of the most comprehensive, award winning, and well-respected training programs in the financial services industry. Perks of Working at New York Life Insurance One on one training, field and on the job training as well as classroom. New York Life Insurance's mission statement To provide financial security and peace of mind through our insurance, annuity and investment products and services. Based in New York, NY, New York Life Insurance is an industry leader with 11,388 employees and an annual revenue of $44.1B. Pay at New York Life Insurance is significantly lower than some of its highest paying competitors, like Morgan Stanley, Citi, and Piper Jaffray, which pay $103,933, $75,483, and $73,442, respectively. The average employee at New York Life Insurance makes $62,006 per year. The company has great employee retention with staff members usually staying for 3.9 years. Despite their political differences, employees at New York Life Insurance seem to be happy. Its employees are politically diverse and represent a balanced blend of political orientations, with 52.2% Democrats and 47.7% Republicans. The diversity in New York Life Insurance employees extends to employee political beliefs. The company is 39.3% female and 42.7% ethnic minorities. The staff at New York Life Insurance come from unusually diverse demographic backgrounds. Other New York Life affiliates provide an array of securities products and services, as well as institutional and retail mutual funds. The company is now one of only three life insurers to hold the highest ratings currently awarded to any life insurer by all four rating agencies (Moody's: Aaa, A.M. In June 2009, the same four rating companies reaffirmed New York Life's "superior" financial strength, which became a selling point in national TV ad campaigns that same year. In 2007, NYLIC achieved the best possible ratings by the four independent rating companies (Standard & Poor's, AM Best, Moody's and Fitch). New York Life Insurance Company (NYLIC) is the largest mutual life-insurance company in the United States, and one of the largest life insurers in the world, ranking #88 on the 2014 Fortune 500 list with over $540 billion in total assets under management, and more than $19 billion in surplus and AVR.
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