New York Life Leads Million Dollar Round Table for the 57th Consecutive Year
NEW YORK, N.Y., August 18, 2011 – New York Life Insurance Company has dominated the Million Dollar Round Table (MDRT) in the United States for the 57th consecutive year with 2,066 qualifying New York Life agents. MDRT granted membership to 10,252 agents in the United States making membership in this organization a distinguishing life insurance career milestone attained by the world’s financial services professionals who have demonstrated superior professional knowledge, experience and client service.
“It is the financial expertise and customized client service of New York Life agents who offer Americans the much-needed, trusted guidance they seek when making crucial financial decisions in what continues to be an unsteady economic environment,” said Mark Pfaff, executive vice president in charge of U.S. Life Insurance and Agency. “Our continued MDRT leadership and strong sales results prove that New York Life agents are a valuable resource to Americans and by representing a company with unsurpassed financial strength, a remarkable history, and outstanding training, they provide vital insurance protection and financial guidance to those in their communities.”
Of the 1,086 female MDRT members in the United States, 290 are New York Life agents – making the company the leader in female MDRT membership. In fact, New York Life has more than three times more women members than the second place company.
In addition, New York Life ranked among the leading MDRT companies globally with 504 MDRT members from New York Life's international businesses in Mexico, India and Taiwan.
Founded in 1927, the Million Dollar Round Table (MDRT), The Premier Association of Financial Professionals, is an international, independent association of nearly 36,000 of the world's leading life insurance and financial services professionals from more than 430 companies in 78 countries. MDRT members demonstrate exceptional professional knowledge, strict ethical conduct and outstanding client service. MDRT membership is recognized internationally as the standard of sales excellence in the life insurance and financial services business.
New York Life Insurance Company, a Fortune 100 company founded in 1845, is the largest mutual life insurance company in the United States* and one of the largest life insurers in the world. New York Life has the highest financial strength ratings awarded to any life insurer by all four of the major credit rating agencies. Headquartered in New York City, New York Life’s family of companies offers life insurance, retirement income, investments and long-term care insurance. New York Life Investments** provides institutional asset management and retirement plan services. Other New York Life affiliates provide an array of securities products and services, as well as institutional and retail mutual funds. Please visit New York Life’s Web site at www.newyorklife.com for more information.
*Based on revenue as reported by “Fortune 500, Ranked within Industries, Insurance: Life, Health (Mutual),” Fortune Magazine, May 5, 2011. See http://money.cnn.com/magazines/fortune/fortune500/2011/faq/ for methodology.
**New York Life Investments is a service mark used by New York Life Investment Management Holdings LLC and its subsidiary, New York Life Investment Management LLC.