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INCOME AND BENEFITS Shape your career, and your income potential.
You’re in control.
When you become a financial professional, you have the ability to set your own pace and establish your income objectives. Your drive, sales and ability to help clients with their financial goals determine your commission-based income.
All Financial Professionals*
$117K1
*In 2023, the average income of our financial professionals under the N8 and N9 Agent’s Contract who met annual minimum sales production requirements was $117,359.
Top 50 Financial Professionals**
$1.68M1
** In 2023, the average income of the top 50 financial professionals under the N8 and N9 Agent’s Contract who met annual minimum sales production requirements was $1,684,357.
Competitive benefits.
We offer a suite of benefits to those who qualify.2
A Defined Benefit Plan³
Medical, Dental, and Vision
Flexible Spending Accounts for Healthcare
401(k) Savings Plan
Life Insurance
Long Term Disability Insurance
Build your income potential and your career.
New York Life provides you access to the tools and resources you'll need to build a successful financial practice.
Job Training
Our training programs, developed over countless years of experience, will provide a solid foundation as you begin your career.
Career Development
From seminars to mentorship programs, our experts will help mold you into an effective, successful financial professional.
Marketing Tools
New York Life provides access to an extensive suite of digital sales and marketing resources, and guidance about how to use them effectively.
Become a Field Manager
New York Life offers a path to Management for financial professionals aspiring to be leaders and trusted mentors to other financial professionals.
Ready to start building your career?
Fill out this form and a New York Life recruiter in your area will call you soon.
Explore New York Life careers.
Become a financial professional with a trusted company.
1Based on 2023 Company data for 8,156 agents operating under our N9 and N8 Agent's Contracts in all states, without persistency bonus who were active as of December 31, 2023. N9 is the current contract for new financial professionals. N8 contracts were issued to new financial professionals prior to April 2024. Contracts determine your compensation and benefits. Sales production requirements are determined annually by the company. Historical agent incomes are provided for informational purposes only. Agent income is not guaranteed. Income is dependent upon the sales of each agent. Agent compensation is commission-based and determined through the ledger process. Overall compensation includes positive income credits for commissions based on actual sales and certain allowances or incentives, if eligible, based upon persistency and production, as well as debits associated with commission reversals, authorized expenses and other items. Each credit and debit posted to the Agent's ledger is part of determining the agent's compensation and no individual credit posted to the ledger is earned until the ledger reconciliation process is complete. Agents receive payments equal to the positive balance on the Agent's Ledger after the credits and debits are applied, except that Agents operating under an Introductory (PTAS) Contract who fail to sell through enough to trigger a full-time agent contract will be paid all commissions on any sales made in a lump sum at the end of their PTAS Contract period. Life persistency bonus removed.
2This is necessarily brief and provides only general descriptions of the benefits available to eligible Agents under the applicable plans. Specific terms, such as eligibility and benefits, are determined only by the terms and conditions contained in the relevant plan documents. The Company reserves the right to terminate benefit plans at any time for any reason. In the event of a conflict between the information herein and the provisions of the plan documents, the plan documents will govern.
3Certain eligibility requirements apply. Monthly payments are determined by your earnings, years of service, age, and the form of payment you choose. The company reserves the right to amend or terminate the plan at any time for any reason.
New York Life is an Equal Opportunity Employer – M/F/Veteran/Disability/Sexual Orientation/Gender Identity