New York Life promises to help you be in business for yourself but not by yourself. However, they take more from you than they give in compensation.
New York Life charges its agents fees for office supplies, an office cubicle, telephone usage, copier usage and other assorted fees. The base commission of $1500 a month is mostly taken back by NYL while it is also tied to production requirements that continue to increase the longer you work there.
NYL also pays advance commissions that they rescind and charge back to the agents if a policy is canelled or not approved by underwriting. Due to their strict underwriting, agents often work to pay back negative balances. If balances are not paid back, NYL turns the agent over to collection agencies.
This is definetly not "The Company You Keep."
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