New York Life to Hire More than 3,700 Financial Representatives in 2013 with Special Focus on Women and Cultural Markets
NEW YORK, March 12, 2013 – New York Life announced that the company hired 3,597 full-time agents last year, continuing its strong trend of hiring over the past several years. Since 2007 the company has recorded 11% growth of its agent force. It seeks to hire 3,700 financial professionals in 2013, with more than half to be women or individuals who represent the cultural markets.
“New York Life has found success hiring individuals from various backgrounds, especially those seeking a career change. Our agents can customize their career path to match their personal goals whether that means enjoying a lifelong career as an agent or pursuing a career in management,” said Rich Simonetti, senior vice president of field recruiting and development at New York Life. “We are seeking individuals to join the more than 12,250 New York Life agents who live and work in communities across the country and are very proud of their responsibility to bring financial security to families and businesses in their regions.”
Mr. Simonetti noted that New York Life led new agent membership in the Million Dollar Round Table (MDRT) in the United States for the 58th consecutive year in 2012. Membership in MDRT is a distinguishing life insurance career milestone for those demonstrating superior professional knowledge, experience and client service.
“New agents are pleased to find they are supported by full-time managers and trainers in every office and by product specialists across the country. The company continues to invest significantly in training new and experienced agents, with the ultimate goal being to best serve the financial needs of Americans in the middle income, upper income and high net worth markets,” added Mr. Simonetti.
In 2012, 62% of New York Life’s new hires in the field were women or individuals who represent the cultural markets. The company expects similar results in 2013 as it continues its long commitment to hiring and supporting women and individuals serving the African-American, Chinese, Hispanic, Korean, South Asian, and Vietnamese markets.
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. For more information about a career with New York Life, job seekers can visit www.newyorklife.com/careers and www.nylcareersforwomen.com.
*Based on revenue as reported by “Fortune 500, Ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, May 21, 2011. See http://www.money.cnn.com/magazines/fortune/fortune500/2012/faq/ for methodology.
**Source: Third-party ratings reports as of 2/1/13.
***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.