New York Life leads Million Dollar Round Table for the 62nd consecutive year.

One in Three Female MDRT Members are from New York Life − More than Any Other Company.

NEW YORK, August 25, 2016 – New York Life has dominated the Million Dollar Round Table (MDRT) in the United States for the 62nd consecutive year, with 2,511 members in 2016. MDRT granted membership to only 9,543 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.

“Every client’s financial needs and goals are unique, so we believe the best way to serve them is to recruit and train the industry’s most professional agents,” said Senior Vice President Mark Madgett, who leads the Agency Department at New York Life. “We value our MDRT leadership as a tangible sign that we’re living up to that commitment.”

Of the 1,234 female MDRT members in the United States, 35 percent are New York Life agents – making the company the leader in female MDRT membership. In fact, New York Life has more than five times as many female members as the second-place company.

For the past 17 years, New York Life has also been the leader of MDRT’s two top-tier categories, with 382 members of “Court of the Table” and 137 members of “Top of the Table.” These elite groups recognize the highest producing agents in the industry and have 2,332 U.S. members and 1,180 U.S. members respectively.

The company’s operation in Mexico, Seguros Monterrey New York Life, is the leader of MDRT membership in Mexico, representing 43 percent of MDRT membership with 344 members.

Founded in 1927, the Million Dollar Round Table (MDRT), The Premier Association of Financial Professionals®, is an international, independent association of nearly 49,508 of the world’s leading life insurance and financial services professionals from more than 503 companies in 72 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. Please visit MDRT’s website at www.mdrt.org for more information.

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. 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 website at www.newyorklife.com for more information.

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Further Reading
  • Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, 6/17/16. For methodology, please see http://fortune.com/fortune500/ 
  • Individual independent rating agency commentary as of 8/9/16.
  • 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.