<p>Is anyone here familiar with the New York Life Internship in Sales?</p>
<p>Im actually about to intern there next week do you know how they operate?</p>
<p>You sell life insurance but probably just setting up appointments at first.</p>
<p>unless they are sponsoring for your series exams, you are probably going to be doing some cold calling and client services.</p>
<p>Asians are suckers for cash value products.</p>
<p>NY Life is considered one of the better life insurance companies to work for. Life insurance sales can be an extremely lucrative career. You’ll typically want to sell “whole life” products. Meaning, life insurance policies that last until a person dies.</p>
<p>Example Commission is 50% of first year premiums and 5% of each year following.
Sell one policy that generates $1000 in premiums and you’re looking at an instant $500 + $50/year until that person dies.</p>
<p>This is an extremely competitive and saturated business though, so most college grads typically fail and are fired after year 1. My advice, use them for some life and health training. You’re required to net 52 hours of training before being able to sit for the exam. Try to get your boss to cover the training and pay for the exam or atleast the required training or exam fee. Its about $500 to get licensed, materials and all.</p>
<p>Focus your appointment setting efforts on “brokers” and/or agents, they’ll provide a large pipeline and that’s where the money is.</p>