Corporate Social Responsibility
New York Life | October 24, 2023
New York Life’s decades-long focus on serving underrepresented communities and addressing the financial gap was recently spotlighted in Best’s Review’s Insurers Working To Narrow $12 Trillion Gap in US Life Insurance Coverage.
Throughout the piece, Eric Jackson, Vice President of Diversity, Equity and Inclusion for Agency discussed traditional challenges in reaching underserved communities, New York Life’s long-standing commitment to supporting cultural markets, the company’s Cultural Ambassador Program, and the success of New York Life’s impact investment strategy.
Jackson also highlighted that New York Life’s efforts include moves to increase the number of financial advisers and the amount of impact investing in communities that traditionally haven’t been reached. Examples he offered of this work include:
Jackson noted that the inclusiveness within New York Life’s field force of more than 12,000 agents and advisers is a key part of the company’s success in the cultural markets space. Today, these markets represent over 50% of New York Life agents’ sales and opportunities continue to grow.
Read Best’s Review’s “Insurers Working To Narrow $12 Trillion Gap in US Life Insurance Coverage” here.
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