Does New York Life Insurance pay a base salary?
New York Life Agent There is no base salary.
How much do you make working for New York Life?
New York Life Insurance Company Jobs by Salary
| Job Title | Range | Average |
|---|---|---|
| Job Title:Insurance Agent | Range:$30k – $81k | Average:$46,799 |
| Financial Advisor | Range:$29k – $107k | Average:$53,090 |
| Senior Customer Service Representative (CSR) | Range:$35k – $72k | Average:$49,057 |
| Customer Service Representative (CSR) | Range:$31k – $61k | Average:$43,202 |
Is New York Life a pyramid scheme?
New York Life is an A+ A+A+A+ rated insurance company. This year marks 175 years of helping people to be good at life. Like any other career you have to actually work at it.
Can you make a lot of money at New York Life?
Compensation is based on performance, so it’s not easy. But, it’s possible to make a lot of money. The company pays very well when new business is brought in. Benefits are outstanding!
Is New York Life All commission only?
It is a commission only job, however, and the slow months are hard to bare. It’s a very competitive market so great job if you are well connected with the right people.
How do NY Life agents get paid?
Starting commissions As a new agent, the first thing to understand is that there is no base salary – the job is 100% commission-based. Having said that, your compensation is 55% on 1st-year premium plans, 6% on expense accounts, increasing to 54% for accounts of $750,000 and up.
Does New York Life pay for training?
The training was free, but you pay for license and fingerprinting. They want you to make 25 calls a day minimum and you have to get numbers yourself. Had to use family or friends who most likely would not want product in the first place.
Is New York Life 100 commission?
Starting commissions As a new agent, the first thing to understand is that there is no base salary – the job is 100% commission-based.
Is NY life a good company to work for?
New York Life Reviews FAQs Is New York Life a good company to work for? New York Life has an overall rating of 3.8 out of 5, based on over 4,517 reviews left anonymously by employees. 67% of employees would recommend working at New York Life to a friend and 65% have a positive outlook for the business.
What insurance agent makes the most money?
Overview of the Insurance Field While there are many kinds of insurance (ranging from auto insurance to health insurance), the most lucrative career in the insurance field is for those selling life insurance.
Is selling life insurance hard?
Even when pitching to the most-qualified prospect, do not assume you have an easy sell. Life insurance is a very difficult product to sell. Simply getting your prospect to acknowledge and discuss the fact they are going to die is a hard first step.