Friday, April 17, 2009
New York Life Responds to Surge in Annuity Sales in the Bank Channel with 100 New Hires
Additional Sales and Service Staff Meet Expanding Need for Quality Expertise in Retirement Planning
New York Life Insurance Company announced today that it has increased the number of sales and service staff in the bank channel. The number of internal sales specialists increased by 100%, regional wholesalers by 30%, retirement income specialists by 50%, and other service staff by 40%, for a total of more than 100 new hires.
"Sales of New York Life's fixed annuities in the bank channel have surged, up 130% and sales of income annuities almost doubled in 2008, fueling the need for growth in sales support. Now more than ever, consumers are conscious of the need for a safe place to grow their retirement income. Our sales growth is evidence of this flight to quality: bank clients recognize that fixed annuities from New York Life, a financially stable, triple-A rated company, offers that stability and growth potential they seek," said Andrew Reiss, vice president and national sales manager for New York Life's bank channel. "New York Life is committed to providing the highest quality products and service and by expanding our sales support team will best be able to meet the growing need in the bank channel for quality retirement planning expertise..."
MarketWatch: New York Life Responds to Surge in Annuity Sales in the Bank Channel with 100 New Hires
New York Life Insurance Company announced today that it has increased the number of sales and service staff in the bank channel. The number of internal sales specialists increased by 100%, regional wholesalers by 30%, retirement income specialists by 50%, and other service staff by 40%, for a total of more than 100 new hires.
"Sales of New York Life's fixed annuities in the bank channel have surged, up 130% and sales of income annuities almost doubled in 2008, fueling the need for growth in sales support. Now more than ever, consumers are conscious of the need for a safe place to grow their retirement income. Our sales growth is evidence of this flight to quality: bank clients recognize that fixed annuities from New York Life, a financially stable, triple-A rated company, offers that stability and growth potential they seek," said Andrew Reiss, vice president and national sales manager for New York Life's bank channel. "New York Life is committed to providing the highest quality products and service and by expanding our sales support team will best be able to meet the growing need in the bank channel for quality retirement planning expertise..."
MarketWatch: New York Life Responds to Surge in Annuity Sales in the Bank Channel with 100 New Hires
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