New York Life Insurance Co. had record U.S. individual life insurance sales—up 38% (not including life insurance sales through AARP), and above the industry’s growth of 4% in 2010. Helping spur this growth, the company says it added more than 3,400 agents in 2010, and the number of agents has grown at a 16% compound annual rate since 2005.
The 2010 growth was driven by increased sales of both permanent insurance and term products, with a 29% increase. New York Life says it is committed to growing not only the amount of life insurance protection in place, but also the number of protected families.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access