New York Life

  www.newyorklife.com
  www.newyorklife.com

New York Life Reviews

Updated 19 October, 2014
Updated 19 October, 2014
750 Reviews
3.3
750 Reviews
Rating Trends

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

Review Highlights

Pros
  • They provide a great training ground for how to sell and scripts to use when selling (in 54 reviews)

  • Their compensation package is excellent and they have a superb I mean superb training program (in 30 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 an 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 an year)

    Pros

    Great training for new hires.

    Cons

    Management only care about their own asses

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  3. 2 people found this helpful  

    good company very helpful getting started. there is however a low retention rate for new hires and many do not stick.

    Current Employee - Financial Advisor in Philadelphia, PA (US)
    Current Employee - Financial Advisor in Philadelphia, PA (US)

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

    Pros

    they have very good profit sharing and its much more professional than your average insurance company. I would recommend a job with New York Life to others

    Cons

    very hard work and you are forced to do a lot of cold calls, you are pretty much selling a product so it is a sales job.. Know that going in. make sure you are ready for the challenge.

    Recommends
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review
  5. 1 person found this helpful  

    Best place to work in financial services for training, resources, and integrity

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

    I have been working at New York Life full-time (more than 10 years)

    Pros

    Best training in the business
    Company aligned with client's best interest

    Cons

    Must have self discipline, and entrepreneurial spirit to make it

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Great experience, lots of growth opportunities

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Services Professional in Los Angeles, CA (US)
    Current Employee - Financial Services Professional in Los Angeles, CA (US)

    I have been working at New York Life as a contractor (more than an year)

    Pros

    Very friendly team and consultants who are more than willing to help
    Freedom to set your own hours
    Strong and great company

    Cons

    very low retention rate, lost about 90% of the coworkers I came into the business with
    can be tough taking a lot of rejection
    Management change can affect company morale

    Recommends
    Neutral Outlook
    Approves of CEO
  7. 1 person found this helpful  

    Lots of training and equal expectations

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

    I have been working at New York Life as a contractor (more than an year)

    Pros

    Good training on sales concepts and marketing plans. Very professional environment.

    Cons

    If you don't have a large group of people you know to sell insurance to, it can be very difficult to get through the first contract period. If you don't like cold calling and canvassing, this may not be a good fit since there are no leads provided. How much you starve in the first year will depend on how many people you have to sell insurance to. The company name tends to put it in the life insurance box in most peoples minds despite offering various other products.

    Advice to ManagementAdvice

    More emphasis on product details in the very beginning so agents know more about what they can offer. Less emphasis on natural market since this will run out eventually for everyone, and more focus on long term strategies that are sustainable.

    Recommends
    Positive Outlook
    No opinion of CEO
  8.  

    Great internship program

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

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

    Pros

    The people at New York Life are some of the nicest and most driven people I've met. They work hard and care deeply about team unity. Their core belief of being a "For Good" company is both outward-facing and inward-facing. Everyone I worked with was so willing to help me out and give me lots of responsibility.

    Cons

    Some days were slow, but that is what is to be expected of summers.

    Recommends
    Neutral Outlook
    Approves of CEO
  9.  

    Every new skill helps to further any career.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Agent in Ridgeland, MS (US)
    Former Employee - Agent in Ridgeland, MS (US)

    I worked at New York Life full-time (more than an year)

    Pros

    The ability to make your own schedule is always a plus.

    Cons

    The economy is the only thing not in your favor.

    Advice to ManagementAdvice

    Keep good going.

    Recommends
    Neutral Outlook
    Approves of CEO
  10. 1 person found this helpful  

    Great Company. Sales is not for those looking for a base salary

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

    I have been working at New York Life full-time (more than 3 years)

    Pros

    Be your own boss
    Everyone is a potential client
    Strong company

    Cons

    No base salary
    Time management

    Approves of CEO
  11.  

    Learning experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Intern - Hourly in Enid, OK (US)
    Former Employee - Intern - Hourly in Enid, OK (US)

    I worked at New York Life part-time (less than an year)

    Pros

    Great environment with many opportunities to learn

    Cons

    I felt compensated well for my temporary position, so no cons!

    Recommends
    Positive Outlook
    No opinion of CEO

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