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In Reply to: Re: Re: Begining New York Life Agent Commissions posted by KEN YOUNG on February 25, 2003 at 14:10:35:
Good grief! no more useful information in there, but yet another personal attack. Try and be a help to someone besides your employer, Primerica, kenny!
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: : New York Life is a good company if you want to be a CAPTIVE agent. I spent 8 years, left, taking no renewals with me. I went independent where all my commission are vested. I own the business.
: : After training your basis commission is 55%. In the first 2 years, they used to give you a training allowance. You were called an AFU.
: : That has been a long time ago.-------->>> HI GREG. YES, NYL IS A CLASS ACT COMPANY THAT IS WHY I BELIEVE JAX DID NOT MAKE IT THERE.
: JAX ALSO NEGLECTED TO INFORM THAT THAT BECAUSE NYL WAS SUBJECTED TO A CLASS ACTION LAWSUIT, THE AGENTS ARE WINDING UP PAYING THE COMPANY BACK THE MONEY IT COST THE COMPANY TO SATISFY THE MONEY THE COMPANY LOST IN HAVING TO PAY FOR THE CLASS ACTION LITIGATION AND RESTITUTION TO THEIR CLIENTS.
: HOW THAT IS BEING DONE IS, IF THE AGENTS WANT TO WORK THEIR BOOKS OF BUSINESS SELLING ADDITIONAL INSURANCE PRODUCTS TO THE CUSTOMERS ALREADY ON THE BOOKS, THEY HAVE TO SETTLE FOR A REDUCED COMMISSION LEVEL PERCENTAGE OF THE FIRST YEARS NEW POLICY PREMIUM.
: GOSH, JAX SURE DOESN'T KNOW TOO MUCH ABOUT NEW YORK LIFE HIS FORMER COMPANY EITHER DOES HE.
: I HAVE THE COMPLETE FILE ON THE CLASS ACTION NYL LAWSUIT ADR PROCESS SETTLEMENT ARISING OUT OF THE CLASS ACTION LAWSUIT.
: THE ORIGINAL FILING LAW FIRM WAS JAMES, HOYER AND NEWCOMER OF TAMPA FLORIDA, AND THE NATIONAL CLASS ACTION LAWSUIT WAS FILED BY A NEW YORK LAWFIRM BY THE NAME OF MILBERG WEISS.
: SEE, JAX KEEPS LEARNING FROM ME DOESN'T HE BUT YET HE THEN POSTS MESSAGES REPEATING THE INFORMATION HE OBTAINED FROM ME PRESENTING IT AS IT WAS HIS OWN KNOWLEDGE OF INSURANCE COMPANIES.
: OVER AT THE 1000AGENTS MESSAGE BOARD HE IS WELL KNOWN AS THAT BOARD'S RESIDENT CHARLATAN FOR HIS FRUITLESS ATTEMPTS TO TAKE CONTROL OF THAT MESSAGE BOARD.
: I PERSONALLY EVEN CAUGHT HIM ATTEMPTING TO HOODWINK THE VIEWERS OVER AT THAT BOARD POSING AS A MDRT QUALIFIER.
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: : After a 13 year stint in manufacturing systems, a field totally unrelated to insurance, finance or sales, I am contemplating a career change as an agent for New York Life. I am curious as to average first and second year commissions and any comments on New York Life. I would also like to know what are the best lead generators available. Any help would be greatly appreciated.