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I am going to jump into the Finance and Insurance Industry. I am very seriously considering taking a position with New York Life to sell Insurance.

First off, I will sell health and life insurance, then I will complete my training on becoming a certified financial planner. New York Life is known for their great trainning program, especially for new agents in the career.

I strongly welcome any comments or suggestions.

2007-07-06 15:40:55 · 5 answers · asked by Anonymous in Business & Finance Insurance

5 answers

NY Life is a good company with a strong rating. But as a new agent, it might not go too well at first. When you arrive, you will need to put together a Project 300. That is 300 names of your friends, family and anyone else who you could get into to talk insurance. Those are your first and only leads you will get to start. You will have to build your practice on your own family. But if you already have an "in" somewhere else, then great, hold off on the family.
If you have an aversion to "hittting up" your family right out of the gate, then you might want to find a company that would provide leads to you. I am with a company that provided leads to use, free of charge, and I have been in the business for over a year and a half and I have yet to write a member of my family. Nor have I even asked. This was my experience, and the info about NY Life came from a former agent who now is in our office. She left NY Life 2 years ago. Good luck whichever you go, I love this business and I hope you do will as well.

2007-07-07 18:42:45 · answer #1 · answered by JB1977 2 · 0 0

NY Life is a reputable insurance company and has a good company rating. I work for another insurance company which has one of the highest ratings as well. I agree with you as far as looking at the training program goes, I think CFP should be on the horizon if you are seriously looking to get into the planning arena.

The only aspect I don't like about NY LIfe is that they are captive. This means they only offer their own products directly. There is a way for them to offer products from other companys, but they are required to go through a third party system. This doesn't always guarunttee your client the best rate if you do need to look elsewhere.

If you have explored your options and looked at a few companys, then I say try it out! If you want some suggestions for other companys you can look into as well, let me know.

Hope this helps!

2007-07-07 05:44:47 · answer #2 · answered by Melissa F 1 · 0 0

I did as you're doing. It's a good place to get some basic skills. NY Life is better than most Insurance Companies. But the new rep is usually out there selling inappropriate, expensive products.

It's not easy. But no one can tell you whether it's good for you or not. You'll be asked to go after family and friends. You'll be discouraged from selling low commission products which... as a general rule are better for your clients.

2007-07-06 17:57:03 · answer #3 · answered by Common Sense 7 · 0 1

very good plan and very good company and if you stick it out and work hard you will be sucessful. As you are so optomistic and excited about it, I know it will go good for you. Positive attitude and hard work is the secret to life and I got to retire at 42 because I wanted to work hard and be rich and did it.

2007-07-06 15:47:02 · answer #4 · answered by Anonymous · 1 0

If that's where your passion lies, then go for it.

Personally, I don't trust the entire industry.

2007-07-06 15:43:41 · answer #5 · answered by Anonymous · 1 2

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