New York Life Interview Later This Week, What Questions to Expect

[ticker_shuffle]

Re: New York Life Interview Later This Week, What Questions to Ex

Their product is not competitively priced. Selling insurnace is hard enough without having to sell "status" insurance. They talk about history, experience and security, but at the same time they talk about paying out billions in claims a year. Now as a business person, when I think about insurance I want the guarantees that come with insurance, but I don't want to be the last man in on the ponzi scheme.

NYL is probably a great company to work at if you have an MBA and want to be in the business of bringing in poor suckers with hopes and dreams of getting rich working for a fortune 100 company, only to pick up their scraps after they "fail".

If you really like the insurance business, and want to be the master of your own destiny, it's pretty basic to get set up on your own.

 

[mjnoles1]

Re: New York Life Interview Later This Week, What Questions to Ex

Being an independent would be great, except, I just got my license and I do not know the business at all. That is why I believe it would be better to work for a company with great training so I could learn the business inside and out.

Their product is not competitively priced. Selling insurnace is hard enough without having to sell "status" insurance. They talk about history, experience and security, but at the same time they talk about paying out billions in claims a year. Now as a business person, when I think about insurance I want the guarantees that come with insurance, but I don't want to be the last man in on the ponzi scheme.

NYL is probably a great company to work at if you have an MBA and want to be in the business of bringing in poor suckers with hopes and dreams of getting rich working for a fortune 100 company, only to pick up their scraps after they "fail".

If you really like the insurance business, and want to be the master of your own destiny, it's pretty basic to get set up on your own.

 

[scagnt83]

Re: New York Life Interview Later This Week, What Questions to Ex

Being an independent would be great, except, I just got my license and I do not know the business at all. That is why I believe it would be better to work for a company with great training so I could learn the business inside and out.

Your thought process is right in my opinion. Offices can vary, but generally speaking the big mutual companies offer good training for newbies. Not only do they provide the training, but the support system and structure to succeed is there too. Its almost impossible to get that being indy unless you can find a local indy firm to bring you on (most want experienced agents).

That being said. Indy is the way to go in the long run. Also, if there is a Mass, Pru, Met, or NWM office around you interview with them as well. Ask lots of questions about the training process. Even ask to sit in on some training meetings to get a feel for what they do, they should not be opposed to it. I was with NYL for 2 years and received good quality training, and I had a great support system. I would not be successful as an indy agent if I had not had that to start out.

After all of that go with the company you feel most comfortable with. While NYL doesnt have the most competitive products always, they have great name recognition. But Mass, Pru, and Met are a bit more competitive. Thats why you should talk to them as well and compare.

 

[STIBROKER]

Re: New York Life Interview Later This Week, What Questions to Ex

can you fog this mirror?

 

[BNTRS]

Re: New York Life Interview Later This Week, What Questions to Ex

can you fog this mirror?

X2 to what scagnt83 said. Though I would exclude Pru, unless you keep in the back of your mind that there is more to life than Varibable Universal Life and Variable Annuities and Term Insurance.

If I had to pick one, Mass would be probably the best choice. They'll likely pay the best, too. Northwestern is always hit or miss, and generally miss.

Guardian hasn't been mentioned. Great products, better than the other's mentioned so far in my humble opinion. But they aren't always a good start out with company. Unlike the other's it's a company designed to make agent contracts pretty attractive, and fewer agents leave them after being there awhile. Perhaps a good choice if you want more independence later, but don't want to become completely independent. Strange niche, but they've got it.

 

[scagnt83]

Re: New York Life Interview Later This Week, What Questions to Ex

Yes that is true about pru, its a variable world over there! Although if you plan to sell VAs its either them or Jackson Nat right now, they are the only real players imo


And yes guardian should have been mentioned, good company and good products; great 401K product! Second only to MoO in my opinion, plus they will do free unbranded benchmarking for your prospects current plan!
And their retention rate says a lot.

 

[theinsuranceman]

Re: New York Life Interview Later This Week, What Questions to Ex

I am having an interview with New York Life later this week and I really want to make a great impression. My question is, what type of questions should I be anticipating that they may ask me? I want to prepare for this interview to the best of my ability and any insight would help

More importantly, what questions are you going to ask them? How or what do they offer you to help YOU be successful, etc. Training? Leads? Mentoring? What opportunity is there for growth? How do YOU make YOUR income increase in the next 2 yrs., 5 yrs., etc.

 

[mjnoles1]

Re: New York Life Interview Later This Week, What Questions to Ex

More importantly, what questions are you going to ask them? How or what do they offer you to help YOU be successful, etc. Training? Leads? Mentoring? What opportunity is there for growth? How do YOU make YOUR income increase in the next 2 yrs., 5 yrs., etc.

Hey buddy,

How are you doing?

Don't you worry about me, I have PLENTY of questions for them. That is something I am really set for. I have a list of questions that I want to make sure they answer, but I also want to be prepared on what they might throw my way.

 

[Heart]

Re: New York Life Interview Later This Week, What Questions to Ex

They will be asking you questions that will determine how good & persistent you will be in meeting many potential clients & selling them products.

Selling Life Insurance is not for the faint of heart. It is one of the toughest financial products to sell unless you get the right mindset, habits, & training

They might be interested in who you know & who you plan to approach as your future clients.

 

[BNTRS]

Re: New York Life Interview Later This Week, What Questions to Ex

Yes that is true about pru, its a variable world over there! Although if you plan to sell VAs its either them or Jackson Nat right now, they are the only real players imo

Yup, and I love JNL and hate Pru. Actually, Guardian is a player depending on which state you are in. Their Double and Triple guarantee GMWB rider can be attractive. They are kind of wimpy on the age bands though, and they use model portfolios for the GMWB rider , but the models have performed pretty well.

Pru's annuity looks good on paper, but the stuff you into a bond fund or fixed account mess is a major wait a minute for me. And the sub accounts suck.

Pac Life imploded unfortunately

Lincoln has an ok annuity, niffty for non Q money...if you can find a situation where placing non Q money in an annuity really makes sense.

Still, JNL is the clear winner for me.