New York Life Sets New Record for U.S. Life Insurance Sales in 2009, Achieving $1 Billion in Agent-Sold Premium for the First Time

New York Life Insurance Company announced record U.S. life insurance sales, up 14% through all distribution channels, a stark contrast to the decline in life sales industry-wide in 2009.* In addition, the company added more than 3,600 agents in 2009, reaching a new single-year record for recruits. It was the fourth consecutive year a new record was set in agent recruitment. U.S. Life Insurance The 14% increase in U.S. life insurance sales in 2009 represents the company's best results on record. For the most part, this growth was driven by increased sales of both permanent insurance and term products. Sales by New York Life's 11,800 licensed agents increased 16%, to a new record in 2009, which marked the first year that new sales by agents exceeded $1 billion...

INN: New York Life Sets New Record for U.S. Life Insurance Sales in 2009, Achieving $1 Billion in Agent-Sold Premium for the First Time