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[12] [13] In the late 1800s, the company began employing female agents. [14] New York Life continued to grow throughout its first 100 years as the national population and the market for life insurance increased. [15] New York Life's growth was in part fueled by its introduction of a system by which the company used agents to find new business. [15]
As early as 1979, Feldman had sold more life insurance than anyone in history. [3] He sold life insurance policies with a total face value of about $1.5-billion [4] for New York Life from 1942 to his death in 1993. He once held the world record for the most products sold (by value) by a salesman in a career, a year ($100,000,000), and in a ...
Martin started his career in 1975 as an agent with Connecticut Mutual Life Insurance Company, where he served more than 20 years, ultimately becoming president of Connecticut Mutual Insurance Services. [2] In 1995, he became president and chief executive officer of the American General Life Insurance Company of New York. [2]
McCurdy, a company vice president, sent agents throughout the West and Southwest and pursued an ambitious investment approach, doubling new insurance in the first three years of his presidency. By 1904, it had quadrupled. In 1889, Mutual Life surpassed New York Life in new business, and in 1893, it bested The Equitable.
There are two primary types of life insurance policies: term life insurance and permanent life insurance. Term life insurance : This is a straightforward option that provides coverage for a set ...
New York Life Investment Management LLC [1] is a U.S. investment management company based in Jersey City, New Jersey.Founded in 1986, New York Life Investment's parent company is New York Life Insurance Company, the largest mutual life-insurance company in the United States, and one of the largest life insurers in the world, ranking #71 on the 2023 Fortune 500 list.
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The Home Life Insurance Company based in Brooklyn, New York was the first life insurer to be authorized by the newly formed New York State Insurance Department in 1860. Superintendent Barnes supervised the filings of 155 fire insurance companies and 16 life insurance companies during his first year in office. [1]
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