NEW YORK--(BUSINESS WIRE)--New York Life has dominated the Million Dollar Round Table (MDRT) in the United States for the 59th consecutive year, with 2,228 qualifying New York Life agents. MDRT granted membership to only 10,329 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.
“I applaud the MDRT membership and our distinguished New York Life MDRT agents for this superb achievement.”
“Our agents continue to perform at the highest level and this extraordinary accomplishment is reflective of the steadfast commitment they have to providing exceptional service to families and business owners. Since 1954, New York Life has led the MDRT. It is the generations of New York Life agents before us, our agents today and the continued tradition of professionalism, dedication and knowledgeable service that our agents perpetuate to each successive generation of agents, that makes me exceedingly proud,” said Mark Pfaff, executive vice president in charge of Agency, New York Life. “I applaud the MDRT membership and our distinguished New York Life MDRT agents for this superb achievement.”
Of the 1,180 female MDRT members in the United States, 29 percent are New York Life agents – making the company the leader in female MDRT membership. In fact, New York Life has more than three times more women members than the second-place company.
The company’s operation in Mexico, Seguros Monterrey New York Life, is the leader in MDRT membership in Mexico with 264 qualifiers, which represents 54 percent of MDRT members in Mexico. In addition, Seguros Monterrey New York Life leads in Mexico with the highest number of women MDRT members, with 91 qualifiers.
Founded in 1927, the Million Dollar Round Table (MDRT), The Premier Association of Financial Professionals®, is an international, independent association of more than 38,000 of the world’s leading life insurance and financial services professionals from more than 451 companies in 76 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 and retirement plan services. 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.
*Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, May 20, 2013. See http://money.cnn.com/magazines/fortune/fortune500/2013/faq/?iid=F500_sp_method%20 for methodology.
**Individual independent rating agency commentary as of 8/1/13.
***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.