Management Fast Track Program. At New York Life, we're just as passionate about helping the next generation of insurance and financial services leaders achieve their career aspirations as we are about helping our clients accomplish their financial objectives. New York Life, a Fortune 100 company founded in 1845, is the largest mutual life insurance company in the United States1 and one of the largest life insurers in the world. Headquartered in New York City, we have provided insurance protection, retirement, and investment solutions to individuals, families, and businesses for over 175 years. New York Life has the highest financial strength ratings currently awarded to any U.S. life insurer from all four major credit rating agencies.2 Program description and qualifications For our 18-month Management Fast Track Program, we're looking for goal-driven leaders who are eager to build and develop their own unit of financial professionals. Entrepreneurial professionals who are destined to build and lead teams join New York Life with a vision for their career and a strong sense of purpose. You may qualify for the program if you've completed your MBA within the past 24 months, have management experience, or have owned a business. Ideal candidates bring a strong desire to build, lead, and impact, along with proficiency in the following areas: • Listening and presenting • Cultivating relationships • Connecting emotionally • Simplifying complex topics • Educating and coaching As a candidate of the Fast Track Management Program, you'll join New York Life as a financial professional to gain hands-on experience. Once you have met the program requirements, which typically takes 12 months, you'll be eligible for a promotion to Associate Partner. In this management role, you'll begin recruiting and developing your own team of financial professionals. You'll also be enrolled in the Associate Partner Training Program, a six-month intensive training designed to help ensure that you succeed when promoted to Partner. You'll build and lead your own team with the support of a Fortune 100 company. Our development managers and product consultants will support you in teaching your financial professionals everything they'll need to know. And NYLIC University, one of the most comprehensive and well-respected training programs in the industry, offers a blended learning curriculum designed to meet financial professionals' needs throughout the various stages of their career. Compensation and benefits New York Life will value and reward your hard work. You'll have significant income potential, because our managers' compensation is directly aligned with their recruiting performance and the production level of their team of financial professionals. The average annual income in 2020 among our recruiters was $240,300.3 Our comprehensive benefits package includes: • Health/Dental/Life/Disability • A 401(k) plan (after one year of service) • A defined benefit pension plan (subject to eligibility and vesting requirements)4 • Reimbursement for certain company-approved industry designations New York Life is an Equal Opportunity Employer - M/F/Veteran/Disability/Sexual Orientation/Gender Identity 1Based on revenue as reported by "Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual)," Fortune, 6/2/2021. For methodology, please see 2 Individual independent rating agency commentary as of 10/15/2020: A.M. Best (A++), Fitch (AAA), Moody's Investors Service (Aaa), Standard & Poor's (AA+). Ratings do not apply to Investment products as they are subject to market risks and will fluctuate in value. 3Average incomes payable based on 2020 production. Actual income and compensation are not guaranteed and depend on a number of factors, including your field management title/level, the sales results of your agent unit and/or your General Office, and your applicable field management compensation plan. The company reserves the right to amend, modify, or terminate the compensation plans at any time. The historical income numbers shown above include additional compensation payments designated to reimburse all of a field manager's business expenses not otherwise reimbursed by the company. 4Certain eligibility requirements apply. Monthly payments are determined by your earnings, years of service, age, and the form of payment you choose. The company reserves the right to amend or terminate the plan at any time for any reason. AR10586.082021 SMRU1908250 (Exp.06.30.2022) Company Description Are you looking for a job where you can use your experience to propel your career into management? At New York Life, we will invest in you from the start to help you learn and grow as a financial professional first. We'll train you in valuable skills, such as marketing, business development, and customer relationship management, and provide you with the tools you need to further your career. Then we'll train you and provide you with access to the tools you need for a
Are you looking for a job where you can use your experience to propel your career into management? At New York Life,\r\nwe will invest in you from the start to help you learn and grow as a financial professional first. We’ll train you in valuable\r\nskills, such as marketing, business development, and customer relationship management, and provide you with the\r\ntools you need to further your career. Then we’ll train you and provide you with access to the tools you need for a career\r\nin management.\r\nWhat we’re looking for\r\nWe’re looking for people who want to make a lasting impact on the financial well-being of individuals, families, and small\r\nbusinesses—motivated people who can answer yes to one of the following questions:\r\n• Do you have sales or managerial experience in another industry?\r\n• Have you previously run your own business?\r\n• Do you have an MBA or other equivalent degree?\r\nIn the Accelerated Path to Management Program, you’ll start off as a financial professional, learning how to sell our\r\nproducts, building client relationships, and meeting specific requirements1 before transitioning into a management role.\r\nYou’ll then undergo a six-month intensive training program designed to prime you for success as a manager. You will use\r\nthat experience to understand how to recruit and coach others to success.\r\nWhat we offer\r\nYour first year\r\nYou’ll learn firsthand about a financial professional’s role and day-to-day work by working as a financial professional\r\nfor the first year of your career journey with New York Life. We will provide you with complete training, access to digital\r\ntools, and a comprehensive product suite.\r\nTraining and resources\r\nYou will receive top-notch training that will give you an understanding and appreciation for the strength and value of\r\nNew York Life. Beyond this training and support, New York Life will provide access to the resources you need to succeed\r\nday-to-day, including experts on hand to answer your questions and a suite of digital sales, prospecting and marketing\r\ntools that will help you attract and retain your clients with web, social and email content.\r\nProduct Solutions\r\nYou will learn about our robust products and services that can help clients and their families achieve their financial goals.\r\nTogether with its subsidiaries, New York Life provides a range of competitive insurance and financial products, including\r\nlife insurance, annuities, long-term care insurance, disability income insurance, and investment products such as\r\nmutual funds through our broker-dealer, NYLIFE Securities LLC (member of FINRA and SIPC), a Licensed Insurance\r\nAgency. You will be required to hold securities licenses and FINRA registrations and affiliate with NYLIFE Securities as a\r\nregistered representative before you can offer investment products.\r\nYour transition to a Field Manager role\r\nAfter meeting specific requirements for the first 12 months as a financial professional, you will enter a specialized\r\nsix-month Associate Partner training program. We’ll help you to lead and build your team of financial professionals.\r\nThroughout your career journey with New York Life, you’ll continue to have opportunities to grow and be promoted to\r\nincreasingly senior levels of management.\r\nHow we will compensate you\r\nWhen you begin with New York Life as a financial professional2, you will receive income that is commission-based.3\r\nIf you meet the requirements and approvals to become an Associate Partner, you will receive a salary. The salary range for\r\nan Associate Partner is $60,000–$150,000 (in California, the salary range is $62,400–$150,000), plus you will be eligible for\r\nadditional compensation related to the agents you recruit and develop (“R&Ds”). R&Ds are additional compensation that\r\nis designed to increase your income and to reimburse for any reasonable and necessary expenses we do not otherwise\r\nreimburse. You will also be eligible for medical, dental, and vision benefits, life, long-term disability, and accidental death\r\nand dismemberment coverages, a pension plan,4\r\n and a 401(k) savings plan.5\r\nNew York Life will value and reward your hard work and success. You’ll have significant income potential over time, because\r\nour field managers’ compensation is directly aligned with their recruiting performance and the production level of their\r\nteam of financial professionals. The average income among our 586 recruiters at all levels in 2021 was $270,890.6\r\nAbout New York Life\r\nNew York Life is a Fortune 100 company with a long history of doing good. We have been in business for over 175 years, helping\r\ngenerations of Americans protect their families and attain their financial goals. As a mutual company, we are accountable only\r\nto our policyholders, not to Wall Street or outside investors. We are focused on long-term success for our clients. To prepare\r\nfor the future, we are constantly innovating and looking ahead to find more ways to increase value for our clients.\r\nAwards & Accolades\r\nWe’re proud of our financial strength7\r\n• A++ Superior (A.M. Best)\r\n• AAA Exceptionally Strong (Fitch)\r\n• Aaa Exceptional (Moody’s)\r\n• AA+ Very Strong (Standard & Poor’s)\r\nWe’re proud of the training we offer8\r\n• Training Magazine’s APEX Award for 2022\r\nWe’re proud the be recognized by organizations that also value diversity\r\n• Latino Leaders: 2022 Best Companies for Latinos to Work For\r\n• Human Rights Campaign: 2022 Corporate Equality Index\r\n• Forbes 2022: America’s Best Employers for Diversity\r\nWe’re proud of the way we serve our clients9\r\n• 5.5 million lives protected (includes all owners of individual life insurance and annuity policies)\r\n• $4.9 billion in living benefits awarded (includes life and annuity cash value accumulation and qualifying policy dividends\r\npaid. Dividends are not guaranteed.)\r\n• $938 million lifetime annuity paid (includes all payouts on individual income annuity products)\r\n• Over $1.1 trillion life insurance protection in force (includes term, whole, and universal life)\r\nNew York Life is an Equal Opportunity Employer – M/F/Veteran/Disability/Sexual Orientation/Gender Identity\r\nNew York Life Insurance Company\r\n51 Madison Avenue\r\nNew York, NY 10010\r\nwww.newyorklife.com\r\nAR10901.112022 SMRU 5058493.2 (Exp.04.30.2023)\r\n1\r\n Specific production and licensing requirements must be met, and approvals obtained before transitioning to field management. Please ask your New York\r\nLife recruiter for details.\r\n2\r\n If you qualify for an Introductory (PTAS) Contract, you will preview an agent career with New York Life as an independent contractor while continuing to\r\nwork at your current job, with limited exceptions. During this preview period of up to six months, any sales you make will continue to accrue until you\r\neither make enough sales to become a full-time agent under a Training Allowance Subsidy (TAS) Contract or the passage of six months, whichever is\r\nearlier. If you do not become a full-time agent, all commissions on any sales you made will be paid to you at the end of six months. If you become a fulltime agent under a TAS Contract, you will be credited with the commissions you accrued under the Introductory Contract.\r\n3\r\n If you would like more information about commission-based income for financial professionals, please consult with your New York Life recruiter.\r\n4\r\n Certain eligibility requirements apply. Monthly payments are determined by your earnings, years of service, age, and the form of payment you choose. The\r\ncompany reserves the right to amend or terminate the plan at any time for any reason.\r\n5\r\nThis is necessarily brief and provides only a list of benefits available to Associate Partners under the applicable plans. Specific terms, such as eligibility\r\nand benefits, are determined only by the terms and conditions contained in the relevant plan documents. The company reserves the right to amend or\r\nterminate benefit plans at any time for any reason.\r\n6\r\n In addition to salary, average recruiter income includes certain non-guaranteed income that is dependent on a number of factors, including your field\r\nmanagement title/level, the sales results of your agent unit and/or your General Office, and your applicable field management compensation plan. The\r\ncompany reserves the right to amend, modify, or terminate the compensation plans at any time. The historical income numbers shown above include\r\nadditional compensation payments designated to reimburse all of a field manager’s business expenses not otherwise reimbursed by the company.\r\nAverage partner income is provided for illustrative purposes only.\r\n7\r\n New York Life Insurance Company continues to receive the highest financial strength ratings currently awarded to any life insurer in the U.S. from all four\r\nmajor rating agencies. Source: Individual Third-Party Ratings Reports: A.M. Best A++, Fitch Ratings AAA, Moody’s Aaa, and Standard & Poor’s AA+ (as of\r\n10/18/2022).\r\n8 A full list of our awards is available here: https://www.newyorklife.com/newsroom/our-awards-and-recognition\r\n9\r\n All figures reflect the consolidated results of New York Life Insurance Company (NYLIC) and its domestic insurance subsidiaries, including New York Life\r\nInsurance and Annuity Corporation (NYLIAC), for the 12 months ending December 31, 2021. Individual life insurance in force is the total face amount