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Hey guys - does anyone have recommendations for Indian wavy 5x5 or 6x6 closures? I was going to order off of Amora Renae (https://www.amorarenaecollection.co/product/thin-swiss-lace-5x5-closure/) but they aren’t restocking. I’m still getting bundles from them, but clueless on another solid company that would have matching hair (friend is making me a wig bc of a natural hair crisis I’m having, I’m absolutely clueless when it comes to anything like this)!
Any one working in Emirates NBD in tech roles?
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I have been with New York Life for 10 years and I find it very rewarding. I do planning and you can be a fee-based planner with New York Life. I have also seen first hand what we do as a company and how we stepped up to the plate and made things right. I've delivered 12 death claims since working at New York Life, three for my own clients and the other nine were from Orphan clients of mine. I have seen firsthand the difference I have made in people's lives. Not every product I sell is a New York Life product. To be able to to work for a company that supports you and gives you many benefits that no other company has is a real plus. These are just my feelings. The renewals are nice but they're not the reason I Stay
I’ve been ay NYL for 5 years, never sold more than 5-10 life policies in a year, built up my AUM and other revenue streams. Yes, the training is going to funnel back to education on the core products - that’s what everyone in your office (staff wise) is paid on. It’s up to you to figure out how to generate business/income and/or create Financial Planning clients. I am a real FP with NYL/Eagle. No reason to insult your company (as you’ll have ‘core’ type requirements/metrics at any company) if you were not able to figure out the big picture for yourself. If you haven’t left, I’ll be happy to help you and pay it forward to teach you how to avoid drinking the ‘cool-aid’ if you’re willing to listen.
Permanent life insurance is not a retirement plan. And how the products are pitched end up not being the same as the actual performance of the products. There is a place for permanent insurance but not for the large majority of people. There is so much more that goes into making a plan. I think most agents that have been with NYL or any insurance company for a while stick around because they can’t let go of the big renewal checks they keep getting. I get it if I had renewals coming to me all the time without having to do much it would be hard to let go. Luckily I’m early in my career and I’m smart and see the opportunity of greater achievement and more moral satisfaction by being an unbiased RIA.
You are what you want to be. Life agent or FP at any insurance company in the financial industry when in sales. It's up to you to decide your path...I'm also new and not required to sell life - highly recommend to though. I plan on going eagle eventually as my focus is more fp driven.
Not every company has products to push
Is like to keep the GO confidential but I’m in the West Central zone. What zone are you in? I know an advisor who did the same thing you did came to NYL after they had experience. They are the best agent in our GO, not by FYC but because they are very knowledgeable and extremely ethical an absolute pleasure to talk with. This is the person I call when I have questions not my MP or DM. As far as technology goes I want to have a system where you can text advice and implement video and marketing that is on the leading edge of technology. I don’t knock NYL for being slow in technology production because how would it be possible for a huge company to make quick adjustments without risking the foundation that is so important to the longevity of the company. You don’t stick around for 172 years by being dumb or lucky. They have a proven process it just doesn’t align with me.
NYL 6 - Absolutely! If they would give the opportunity to go Eagle right away and had better education on all the avenues they would see less attrition and better retention. But I also think their life sales might suffer if they did this. I like you, you’re an honest person, not a lot of those in this industry.
Yuppp, I worked at Guardian for my first “FA” job. Not much of an FA and I was to naive at the time to realize it but yeah no matter what the situation was the answer seemed to be whole life insurance 😵🔫
Can I be successor agent on all your policies😜
I have been with NYL for many years. I never stayed because of renewals. I stayed because notwithstanding an occasional hiccup, this company really believes in the advisor.
I guarantee you I could show you differently. The material insurance companies put out is skewed and I’m not sure how they can get away with all of it and NYL is probably the best of them.
Sure you can be my successor agent. But remember who gets to keep all of those renewals. Mother Blue
At the end of the day it's all about AUM/Revenue, doesn't matter where you work. Having worked at axa, NYL pays more in the long run and operates under a more honest platform that helps agents success. Axa managers (in LA) forced big splits on commissions - they were extremely greedy. You can do whatever you want at any of these firms. Life is a genius product if you can afford it. Tax free retirement is amazing...it's like investing in offshore investments that cannot be taxed.
I’m not insulting NYL, it is a great company, but your not a financial advisor if you are required to sell proprietary products and pitch stuff like “tax free retirement” aka Whole Life. Of all the insurance companies NYL and NWM and a few others are very good companies.
You’re quest is to become a ‘real’ FA... life insurance is absolutely a part of a Financial Plan. You did not answer my earlier question, what licensing do you have? This could be the genesis of your whole dilemma... if you have the licensing to assist people with Life, LTC, Investments, etc - then you could qualify as an FA. If you do not have the proper licensing, your company is not limiting what you ‘sell’ to clients... you are. Does that make sense? As I said, without reservation, I’m happy to help you.
The grass is always greener...
I’m in South Central. Not saying it is the right fit for you, I want to make sure you’re doing it for the right reasons. I had an coworker/agent with the same issues you have with the ‘core product’ agenda, but once he transitioned to Eagle, the world of Planning opened up to him. The problem at NYL is you don’t know what you don’t know. Often times, you already have one foot out the door when you find out that you actually can accomplish all of the things you’re looking to accomplish simply by knowing someone who has done ‘it’ before. It’s crazy how much we can do/offer that we are never told about, but rather have to learn the hard way.
I left them within 10 months, basically the second I got my 7. Literally LOL. I have two Masters degrees and taught HS and college for a million years but they were going to make me wait two years I think for Eagle and jump through hoops. No thanks. I went to Morgan in the FAA program and got my real education in the industry and then moved on.
What made you feel the need the leave the company ?
They push their core products as every company does. If you worked at Vanguard or Fidelity, which mutual funds do you think you’d favor or sell? If you’re working for NWM, you’re incentivized to sell Whole Life (their core/only true product). Of course they want you to sell core, but if you havent figured out - you can be compensated on hundreds of different types of products, accounts, etc. Do you have your 7/65 or 7/66?