Of MDRT’s 14,535 U.S. Members, 2,331 Are New York Life Agents Representing the Greatest Membership by One Company in MDRT and New York Life History
NEW YORK, N.Y., August 14, 2006 – New York Life Insurance Company is the prevailing leader of the Million Dollar Round Table (MDRT) in the United States for the fifty-second consecutive year with 2,331 New York Life agents achieving MDRT membership. New York Life’s 2006 MDRT membership represents a New York Life and MDRT record in the United States. MDRT granted memberships to 14,535 agents in the United States, making membership in this organization a distinguishing life insurance career milestone, attained only by those who have demonstrated superior professional knowledge, experience and client service.
“New York Life has attained this distinction year after year because our professional agents not only provide our clients with exceptional service but do so while adhering to high ethical standards,” said Phil Hildebrand, CLU, vice chairman of New York Life Insurance Company. “This company was founded on the core values of humanity, integrity, and financial strength and this accomplishment reflects that our agents continue to adhere to these values through the products we sell, the services we provide and the way we conduct business professionally.”
“This elite level of success is due in large part to the commitment and dedication of our agents and the comprehensive training and widespread support they receive,” said Mark Pfaff, senior vice president in charge of the Agency Department of New York Life. “New York Life believes that a great agent requires outstanding training and a solid foundation of continuous support. New York Life will continue to provide this support by providing our agents with the resources necessary to thrive.”
In 2005, 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 740, from its operations in Hong Kong, India, Mexico, the Philippines, South Korea, China, Taiwan and Thailand.
Founded in 1927, MDRT is an international, independent association of nearly 36,000 of the world’s leading life insurance and financial services professionals from 76 nations and territories, representing over 450 companies. 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.
The production requirement to qualify for the 2006 MDRT is based on production in 2005, where applicants had to produce a minimum of $69,600 in eligible commissions or $139,200 in eligible premiums.
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 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.
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|New York Life Leads Million Dollar Round Table for the 52nd Consecutive Year|