New York Life

www.newyorklife.com

New York Life Reviews

Updated 30 January, 2015
Updated 30 January, 2015
838 Reviews
3.3
838 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
New York Life Chairman, President & CEO Ted Mathas
Ted Mathas
474 Ratings

Review Highlights

Pros
  • They provide a great training ground for how to sell and scripts to use when selling (in 55 reviews)

  • Their compensation package is excellent and they have a superb I mean superb training program (in 32 reviews)


Cons
  • they tell you to sell insurance to your friends and family and when you leave they treat (in 37 reviews)

  • No base salary (you will invest in the company before they invest in you) (in 29 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Summer Intern

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at New York Life as an intern (less than a year)

    Pros

    I was treated like a valued employee and was given the same level of work as some of the associates

    Cons

    The company has many locations in the tri state area, making phone and video conferences a common mode of interaction as opposed to face to face working relationships

  2. 1 person found this helpful  

    Sales

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Sales Consultant in Windsor, ON
    Former Employee - Senior Sales Consultant in Windsor, ON

    I worked at New York Life part-time (more than a year)

    Pros

    Great training for new hires.

    Cons

    Management only care about their own asses

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  3. 5 people found this helpful  

    Excellent company to work for - Agent

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Insurance Agent
    Current Employee - Insurance Agent

    I have been working at New York Life

    Pros

    The training is the best you will find. You get a training allowance (has to be earned) that helps in the beginning. There are support phone numbers that will help with any imaginable situation or question- and you don't have to wait 5 years before they pick up the phone.

    Cons

    This is a very hard job to do. Most people get burned out by the second year. Unless you have a strong warm market, you will be working 80+hrs to make 30k (if you are lucky).

    Be prepared to go months with no income in the beginning and occasionally throughout at least the first year.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
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  5. 2 people found this helpful  

    Solid Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Underwriting Professional
    Former Employee - Underwriting Professional

    I worked at New York Life full-time (more than 10 years)

    Pros

    Great benefits and opportunities for education assistance.

    Cons

    Company is constantly growing and changing, which is a double edge sword. Sometimes veteran, experienced employees get overlooked for opportunities in favor of newer, younger, less experienced employees. Professional level staff are treated no better than factory workers punching a time clock.

    Advice to ManagementAdvice

    Utilize veteran talent along with newly hired, fresh talent. Treat professionals as such and not like factory workers.

    Recommends
    Positive Outlook
  6.  

    Solid company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at New York Life

    Pros

    Great opportunity to build a business with little capitol. training, resources all available. Managers worked in the field and willing to help and share their experience.

    Cons

    It's up to me to do the work but, isn't that like any job?

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Great company to work for. Hard work required.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at New York Life

    Pros

    Lot of potential earnings upside

    Cons

    No base commission tough to get started

    Advice to ManagementAdvice

    More focus on Employees

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Good training, poor management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Services Professional in Atlanta, GA (US)
    Former Employee - Financial Services Professional in Atlanta, GA (US)

    I worked at New York Life full-time (less than a year)

    Pros

    Very involved with training new agents
    Good commissions
    Excellent products to offer

    Cons

    Hard to move up to an advisor role
    Wanted you to sell life insurance for every solution
    Did not like the MD, not friendly

    Advice to ManagementAdvice

    Don't micromanage so much

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  9. 2 people found this helpful  

    Great company!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Manager in Edina, MN (US)
    Current Employee - Senior Manager in Edina, MN (US)

    I have been working at New York Life full-time (more than 8 years)

    Pros

    Strong company and fair compensation.

    Cons

    Lack of candor and transparency.

    Advice to ManagementAdvice

    Focus on communication with all levels of the organization.

    Recommends
    Positive Outlook
  10. 1 person found this helpful  

    It's all on you

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Agent in Pasadena, CA (US)
    Current Employee - Agent in Pasadena, CA (US)

    I have been working at New York Life full-time (more than a year)

    Pros

    Everyone seems to be hitting their goals... I think the General Office you are affiliated with makes a major difference. When your colleagues are putting up production, you will too. The products sell themselves.
    The benefits are top notch- Pension! Dental/medical etc are great and this starts when you are a triggered agent. ,

    Cons

    You need to go on 5-10 appointments every single week without fail. You won't last if you can't do that. Our office standard is 3 new appointments every day! That's very difficult to book! You need to work your warm market and be a referral machine. Everyone has thought about quitting in their first year, every single person-- Because there are tough stretches, ridiculous declination's by underwriting and reversals that you are responsible for paying. If you last 2 years, you are SET!!! Also you must get your series 6 and 63 otherwise you wont make enough money!

    Advice to ManagementAdvice

    The company goals are really for you guys. I don't see another dime if we hit our end of month numbers. The only thing that matters to me and my family is my income. However, the councils are an AMAZING bonding experience!

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Great company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Director in New York, NY (US)
    Current Employee - Director in New York, NY (US)

    I have been working at New York Life full-time (more than 5 years)

    Pros

    Good salary, good perks (half day Friday's in summer)

    Cons

    Tough to move up, lifers must leave, health benefits not good

    Advice to ManagementAdvice

    Need to communicate to employees what the business strategy is... Right now, nobody knows.

    Recommends
    Positive Outlook
    Approves of CEO

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