New York Life is committed to you, your family, and your financial future. We help you with your retirement savings by offering both a Pension Plan and a 401(k) Savings Plan. Together, these plans represent two building blocks for your retirement.
In this way, how do I contact NY life?
If you have specific questions about your policy, claim, or application-our customer service experts are happy to help.
In respect to this, how do I cancel my NY life policy?
To Cancel your New York Life subscription, contact Customer Service via phone (1-800-225-5695) or online (http://www.newyorklife.com/contact-us).
How do New York Life agents get paid?
The compensation is commission dependent with no base salary. There is a production based bonus of up to 80% of commission plus addition to other production bonuses for the first 36 months with the company to supplement new agents while they build a book of business.
Pensions offer greater stability than 401(k) plans. With your pension, you are guaranteed a fixed monthly payment every month when you retire. Because it’s a fixed amount, you’ll be able to budget based on steady payments from your pension and Social Security benefits. A 401(k) is less stable.
New York Life is a great company to work for they have amazing benefits and you can learn a lot about annuities and insurance while being employed here. … This might work for you if you’re experienced in commission-based or life insurance sales and you’re willing to work exclusively for New York Life as a captive agent.
If you’re asking yourself whether life insurance is worth it, the answer is simple. Yes, life insurance is worth it — especially if you have loved ones who rely on you financially. … Term life insurance, in particular, provides coverage at an affordable price during the years your financial dependents need it most.
Once you receive the money from closing your old 401(k) plan, the clock starts ticking on your 60-day time limit to reinvest the money into another account. You can do whatever you want with the money for that time period as long as the money is deposited before the 60 days are up.
Many retirement planners suggest the typical 401(k) portfolio generates an average annual return of 5% to 8% based on market conditions.