New York Life Leads Million Dollar Round Table 58 Consecutive Year, official results
NEW YORK, N.Y., August 16, 2012 – New York Life has dominated the Million Dollar Round Table (MDRT) in the United States for the 58th consecutive year, with 2,157 qualifying New York Life agents. MDRT granted membership to only 10,393 agents in the entire United States, making membership in this organization a distinguishing life insurance career milestone for those demonstrating superior professional knowledge, experience and client service.
“We applaud MDRT members, who are among the best of the best, serving the financial needs of American families and businesses,” said Mark Pfaff, executive vice president, New York Life and head of Agency. “We are very proud of New York Life’s enduring MDRT leadership. It represents our belief in setting the bar high for ourselves, aspiring for greatness and doing what is in the best interest of our clients every day, as we have for over 167 years.”
Of the 1,122 female MDRT members in the United States, 28 percent 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.
Founded in 1927, the Million Dollar Round Table (MDRT), The Premier Association of Financial Professionals®, is an international, independent association of more than 37,000 of the world's leading life insurance and financial services professionals from more than 459 companies in 79 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.
About New York Life
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 possible financial strength ratings currently awarded to any life insurer from all four of the major credit rating agencies: A.M. Best (A++), Fitch (AAA), Moody’s Investors Service (Aaa), Standard & Poor’s (AA+).** 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 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 21, 2011. See http://money.cnn.com/magazines/fortune/fortune500/2011/faq/ for methodology.
**Source: Third Party Ratings Reports as of 6/22/12.
***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