NEW YORK, August 15, 2017 – New York Life has dominated the Million Dollar Round Table (MDRT) in the United States for the 63rd consecutive year, with 2,522 members in 2017. MDRT granted membership to only 8,754 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.
“Our MDRT leadership is a tangible sign of our ability to identify and develop successful financial professionals with high ethical standards,” said Senior Vice President Mark Madgett, who leads the Agency Department at New York Life. “That has been at the heart of how we deliver on our mission of providing financial security and peace of mind to our clients for well over a century.”
Of the 1,251 female MDRT members in the United States, 38 percent are New York Life agents – making the company the leader in female MDRT membership. In fact, New York Life has more than six times as many female members as the second-place company and more than the next 10 companies combined.
For the past 18 years, New York Life has also been the leader of MDRT’s two top-tier categories, with 385 members of “Court of the Table” and 139 members of “Top of the Table.” These elite groups recognize the highest producing agents in the industry and have 1,984 U.S. members and 1,068 U.S. members, respectively.
The company’s operation in Mexico, Seguros Monterrey New York Life, is the leader of MDRT membership in Mexico, representing 56 percent of MDRT membership with 426 members.
Founded in 1927, the Million Dollar Round Table (MDRT), The Premier Association of Financial Professionals®, is an international, independent association of nearly 62,636 of the world’s leading life insurance and financial services professionals from more than 503 companies in 55 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.