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New York Life vs Primerica

Created: April 01, 2010, Updated: September 19, 2014, Owner: claim ownershipPut your name here Comments (0)
 

New York Life

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Primerica

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New York Life Insurance Company (NYLIC) is the largest mutual life-insurance company in the United States, and one of the largest life insurers in the world, ranking #89 on the 2013 Fortune 500 list, with about $381 billion in total assets under management, and more than $19 billion in surplus and AVR. In 2007, NYLIC achieved the best possible ratings by the four independent rating companies (Standard & Poor's, AM Best, Moody's and Fitch). In June 2009, the same four rating companies reaffirmed New York Life's "superior" financial strength, which became a selling point in national TV ad campaigns that same year. The company is now one of only three life insurers to hold the highest ratings currently awarded to any life insurer by all four rating agencies (Moody's: Aaa, A.M. Best: A++. Standards & Poor's: AA+, Fitch: AAA. All of these are for financial strength.). Other New York Life affiliates provide an array of securities products and services, as well as institutional and retail mutual funds. –Editor's choicemore
Primerica, Inc. (NYSE: PRI) is a distributor of financial services and sells products through representatives in the United States, Canada, Puerto Rico and Guam. As of 2011, it was the largest independent financial services marketing organization in North America with 90,000 representatives. –Editor's choicemore
Good sides
(advantages, pros)
Nothing's here. Be so nice and [Add newAdd new]
Accept people with no experience, Offers a part-time opportunity, Offer good products like insurance, securities and mortgages, Provides support and trainings [Add newAdd new]
Bad sides
(disadvantages, cons)
This cell is empty as... something empty. Be the one to [Add newAdd new]
Multi-level marketing firm, Low commission payouts, Non-compete clause for 2 years, Join fee, Product training is very basic [Add newAdd new]
TypeMutualPublic
IndustryInsurance: Life & AnnuityFinancial services
Founded1845February 10, 1977
HeadquartersNew York Life Building, New York, New York, USA1 Primerica Parkway, Duluth, GA 30099 United States
Key peopleTed Mathas, CEOJohn A. Addison, Jr. Chairman of Primerica Distribution & Co-CEO, D. Richard Williams, Chairman & Co-CEO, Glenn Williams, President, Alison S. Rand, CFO, Gregory C. Pitts, COO
Revenue$34.3 Billion USD (2012) US $1.19 billion (2012)
Net income$1,333.2 Million USD (2012) US $173.8 million (2012)
Employees8,500 (2013)1,971 (2012)
Websitewww.newyorklife.comwww.primerica.com www.primericabusinessopportunity.com www.primericacanada.ca
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