Pros
great training on whole life insurance brand name and overall recognition of the company financial strength best whole life products on market
Cons
hit with fees left and right for every aspect of business expenses partner/manager non responsive lack of direction from management Long time to underwrite cases Please anyone considering signing a contract with NYL, make sure you have 6 months personal and business expenses saved up. Both my wife and I went with the company and it has brought us to the point of being bankrupt. they will not tell you the pit falls during the recruiting process, and once you are in, the partners are our recruiting the next agent. Please, please read the other submissions from agents that are posted here. You must drink the "kool-aid" and master whole life sales. You WILL be badgered to sell your friends and family as quickly as possible and you will lose contact with them as they don't want to be sold life insurance. Underwriting is VERY tough and slow here. it has taken an average of 2.5 months to get a case through. Go into this opportunity understanding that you will be left on your own, but also remember if you fail; its not all your fault. (I have been very successful in other places, this is just not the right fit for me.)
