Financial services professional Financial Professional in Insurance & Investment Services New York Life is currently seeking self-motivated, driven individuals with a passion for making a positive impact. You do not need sales, business development, marketing or insurance experience to begin your road to success in this role! All you need is passion and a desire to make a difference. Our comprehensive training program will give you the tools you need to succeed and create the career success you envision. This career isn’t for everyone, but the best professionals in our company will tell you there’s nothing else like it. Our Financial Professionals arrive with diverse career backgrounds...
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mutual life insurer, today announced that Craig DeSanto has assumed the company’s chief executive officer (CEO) position. Mr. DeSanto was named CEO-elect in November 2021 after serving as a member of New York Life’s Board of Directors since February 2021 and as New York Life’s president, a title he will retain, since July 2020. As CEO, Mr. DeSanto will lead one of the largest life insurance companies in the world. New York Life and its affiliates provide insurance, investment, and retirement solutions that help people at all stages of life, delivered through the company’s industry-leading agency field force. New York Life also provides insurance and investment solutions to the institutional...
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A participant in a 401(k) plan run by New York Life Insurance Co. has sued the company and plan fiduciaries alleging violations of their ERISA responsibilities for two company retirement plans. "This suit is about corporate self-dealing and the prohibited transfer of employees' retirement assets to defendants at the expense of the retirement savings of company employees and its agents," said the March 2 complaint filed in a U.S. District Court in New York in the case of Stuart Krohnengold vs. New York Life Insurance Co. et al. Mr. Krohnengold is a participant in the New York Life Insurance Co. Employee Progress-Sharing Investment Plan, and he also is suing, as part of a class action claim,...
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Suitability and Best Interests in Life Insurance and Annuity Transactions (NY187) Doing Life and Annuity Business in New York What is it? The New York State Department of Financial Services (NY DFS) released the final version of Best-Interests Regulation 187 (NY 187). The final regulation, now called “Suitability and Best Interests in Life Insurance and Annuity Transactions,” requires producers and insurers to implement a process that ensures they’re acting in the consumer’s best interest when recommending an annuity or life insurance policy issued in New York. This was effective August 1, 2019 for Annuities and February 1, 2020 for Life Insurance. If you sell...
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Insurer Settles Armenian Genocide Suit New York Life Insurance Co. has agreed to pay $20 million to settle a lawsuit filed in Los Angeles by heirs of Armenian genocide victims who accused the company of failing to honor valid claims. The company and lawyers for the heirs said the pact would resolve claims on more than 2,000 policies issued to Armenians in the Ottoman Empire before 1915. From 1915 to 1923, about 1.5 million Armenians died at the hands of the Turks, and tens of thousands were deported in what some historians have described as the first genocide of the 20th century. As part of the settlement, New York Life will contribute $3 million to nine Armenian civic organizations,...
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New York Life Insurance Headquarters Address, and Office Location Contact Info New York Life Insurance is one of the largest life insurance companies in the US. The company offer various life insurance products and they have grown very well in last few decades. It is also one of the oldest life insurance companies in the United States, founded in 1845. It is headquartered in New York, NY, United States and lead by Theodore A. Mathas since July 2008. In this article, we have provided and offered contact information and details of New York Life Insurance, including headquarters phone number, and contact numbers. So, let’s see! Corporate Headquarters Address The company is based in New...
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New York Life and Charles Schwab have little in common. Schwab is a publicly held direct-to-consumer all-purpose financial services platform. It doesn’t own a life insurance company. New York Life is America’s most venerable mutual life insurer, and the top seller of fixed-rate annuities in the US in 2020. Both are welcoming in the new year with new variable annuity contracts. But they’re approaching the product category from very different angles. Schwab’s Genesis VA has an income benefit, for instance, and will be distributed by Schwab advisers and independent RIAs (registered investment advisors). New York Life’s IndexFlex VA includes the firm’s first index-linked annuity....
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Life Insurance You want to provide your family with the financial protection they need. You, then, need to take out a life insurance policy. After all, if you should die suddenly, would your spouse be able to cover the mortgage payments? Would your spouse have enough money to help cover your children's education costs? If the answers to these questions is no, then you need to boost your life insurance protection. Fortunately, residents of the Hudson Valley have plenty of options when it comes to finding a life insurance policy in New York. One option is for them to work with Hudson Valley Agents, an independent insurance agency serving the Hudson Valley and much of New York state. Because...
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Best life insurance companies 2021: New York Life Insurance Company The company you keep. 175 years of trust. How New York Life Insurance Company life insurance stacks up New York Life Insurance Company earned a top-five spot in our annual review of Best Life Insurance Companies. They earned 4 out of 5-star ratings across the board in price, customer service and website & apps. When we asked New York Life Insurance Company customers if they would recommend the company to others, 81% said yes. About New York Life Insurance Company New York Life was founded 175 years ago and is one of the oldest and largest mutual insurance companies in the United States. Policyholders share in the...
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A proposed class action filed in New York claims New York Life Insurance and Annuity Corporation unlawfully hiked up the premiums for its universal life insurance policies in violation of state law. The plaintiffs in the case, a father and daughter, argue that even though they have faithfully paid monthly premiums for 13 years, the insurance company’s conduct has caused a lapse in their coverage that’s rendered their policy “worthless.” According to the lawsuit, NY Life’s universal life insurance policies include both a death benefit and an accumulated cash value that accrues from what’s left of premium payments after the insurance company deducts the “cost of insurance” each month. The...
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