New York Life tops industry

For a record-breaking 48th consecutive year, New York Life Insurance Co. is the dominant leader of the Million Dollar Round Table (MDRT), an association of leading sales professionals in the life insurance industry.

With 2,066 New York Life MDRT members, the gap between the company and its nearest competitor is 638 agents, nearly 31 percent. In addition, New York Life International has produced 426 members, an increase of over 100 percent from last year.

"After 48 consecutive years as the MDRT leader, it’s clear that our agents are the best in the business," said Gary Benanav, vice chairman of New York Life, and chairman and chief executive officer of New York Life International. "New York Life’s unwavering commitment to our field force, combined with our superb product offerings have translated into another winning year."

New York Life is the "Triple Crown" winner, leading all three levels of the MDRT including its two highest performance tiers, the Top of the Table and the Court of the Table with 57 and 176 members, respectively.

New York Life International, the overseas arm of New York Life, produced a record 426 MDRT members, representing operations in Hong Kong, India, Indonesia, Korea, Mexico, Taiwan and Thailand.

New York Life’s subsidiary in Mexico, Seguros Monterrey New York Life, was ranked number 24 overall on the top 100 MDRT companies list, with 256 agents as members.

Around the world, New York Life is known for its highly professional agent force, and New York Life International’s growing presence in MDRT is testament to the company’s commitment to providing its International operations with the professional development tools and training to achieve high standards of excellence.

"We are proud and salute our parent company for its continued leadership in the MDRT. We expect a number of our agents will soon join the ranks of the MDRT," New York Life Philippines’ president and chief executive officer George May said.

Founded in 1927, MDRT is comprised of the top sales professionals in the life insurance-based financial services business, from more than 60 nations and about 475 companies.

MDRT members are recognized as skillful professionals who are considered to be among the best in the industry, perform outstanding client service, are recognized as business and community leaders, and have achieved the highest standard of sales excellence in the life insurance and financial service arena. Production requirements for MDRT membership are set independently for each country.

New York Life International offers insurance products through its subsidiaries and affiliates in Argentina, Hong Kong, India, Indonesia, Mexico, the Philippines, South Korea, Taiwan and Thailand. New York Life International also maintains a representative office in Hanoi, Vietnam. Recently, the Company was granted a license to establish a joint venture operation in mainland China.

New York Life Insurance Company, a U.S. Fortune 100 company, is the largest mutual life insurance company in the United States and one of the largest life insurers in the world. Founded in 1845 and headquartered in New York City, New York Life and its affiliates offer life insurance, annuities and long-term care insurance. New York Life Investment Management, LLC, a New York Life affiliate, provides institutional asset management, retirement plan and trust services.