NEW YORK, Jun 14, 2004 — For a record-breaking 50th consecutive year, New York Life Insurance Company is the dominant leader of the Million Dollar Round Table (MDRT), the premier association of financial professionals. With over 2,300 MDRT members in the United States, New York Life has a firm hold on the number one position.
"New York Life is proud of our talented agents for achieving this impressive milestone and remaining the leader of MDRT for 50 consecutive years," says Sy Sternberg, chairman and chief executive officer, New York Life. "This distinction highlights that our agents are trusted, knowledge leaders committed to serving their clients with exemplary performance and the highest standards of ethics, service and productivity."
"Our dedication to the agency system has never been stronger. The record-breaking 50th consecutive year distinction validates that education and training of New York Life agents through programs like the MDRT mentorship program and NYLIC University are empowering our agents and giving them the tools they need to be the best in the business," says Paul Morris, senior vice president, Agency Department of New York Life. "We applaud the efforts of the MDRT and will continue to provide our agents with the essential support and resources needed to help them achieve long-term success."
New York Life International, LLC, the overseas arm of New York Life, ranked among the leading MDRT companies globally, producing a record number of MDRT members, over 600, from its operations in Hong Kong, India, Mexico, The Philippines, South Korea, Taiwan and Thailand.
Founded in 1927, MDRT is an international, independent association of approximately 27,545 of the world's leading life insurance and financial services professionals from 70 nations. MDRT members are recognized as skillful professionals who are considered to be among the best in the industry, perform outstanding client service, and have achieved the highest standard of sales excellence in the life insurance and financial services business.
To qualify for the 2004 MDRT, based on production in 2003, applicants must have submitted proof of production equal to or greater than $66,000 of MDRT-eligible commissions or $132,000 of MDRT-eligible premiums and must have held membership in a MDRT-eligible professional association.
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. Headquartered in New York City, New York Life's family of companies offers life insurance, annuities and long-term care insurance. New York Life Investment Management LLC provides institutional asset management, retirement planning and trust services. Other New York Life affiliates provide an array of securities products and services, as well as institutional and retail mutual funds.
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|New York Life Leads Million Dollar Round Table for Record-Breaking 50th Consecutive Year|