New York Life Reviews

Updated 25 April, 2015
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3.4
915 Reviews
Rating Trends
Recommend to a friend
Approve of CEO
New York Life Chairman, President & CEO Ted Mathas
Ted Mathas
502 Ratings

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 Pros and Cons

Employee Reviews

Sort: Popular Rating Date
  1. Summer Intern

    Former Intern - Anonymous Intern
    Former Intern - Anonymous Intern

    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. Helpful (1)

    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)

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Great training for new hires.

    Cons

    Management only care about their own asses

  3. Great place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Insurance Agent in San Jose, CA (US)
    Former Employee - Insurance Agent in San Jose, CA (US)

    I worked at New York Life full-time

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great people, great training, great benefits

    Cons

    100% commission after certain time

    Advice to Management

    Keep up the good work

  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. sales assistant

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at New York Life

    Pros

    positive work environment and so on

    Cons

    not so much efficiency and so on

  6. Agent

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

    I have been working at New York Life

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great job for hardworking motivated individuals! Quality training and the management is great!

    Cons

    The job is commission based. No salary.

  7. Helpful (1)

    Financial Services professional

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

    I have been working at New York Life

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Flexibility to be with your family during holidays. Be home for your kids, catch all their soccer games, choose your clients and your hours. Never miss a holiday. Great teammates.

    Cons

    prospecting, time management, commission, not always knowing where your next paycheck is going to come from. the steep learning curve, certifications. paperwork, legal hoopla. Learning from your mistakes.

    Advice to Management

    more trainers to train the new agents. The training is excellent when comparing it to other companies in the same industry, but there is a lot to learn and legalities that if not learned the first time actually slow an agents production and is an obstacle to their business model.

  8. Personal Assistant

    Former Employee - Personal Assistant in Glendale, CA (US)
    Former Employee - Personal Assistant in Glendale, CA (US)

    I worked at New York Life

    Pros

    Friendly people, comfortable work environment, professional

    Cons

    Disorganized, unprepared, irregular work schedule

  9. Used to be a good place to work

    • 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 full-time

    No opinion of CEO
    No opinion of CEO

    Pros

    It is like a family

    Cons

    Hard to move up,

    Advice to Management

    Allow work from home more often

  10. Helpful (4)

    The New York Life, from the CEO to Underwriters to New Org, #1 in ethic & education, and pays you to succeed!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Registered Representative in Latham, NY (US)
    Former Employee - Registered Representative in Latham, NY (US)

    I worked at New York Life (More than 5 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Family oriented, ongoing education, mentorship, ABC-123, The CEO's know your name, and your kid's names, and they want you to win every day. Flexible schedule, unlimited earning capability, constant encouragement, recognition and team-building events that include the entire company gathering at "sweet" locales with tremendous speakers.

    Cons

    The New York Life system is systematic, and statistically evidenced toward success. Cons might include requirements of activities such as phone skills and lead generation, as well as compliant regulations tighter than FINRA and SEC. If you play by the rules, there are no cons. If you fluctuate in motivation, or are focused on earning$ rather than providing service -you will not be happy.

    Advice to Management

    Interactive webinar training for private "speaking-skill and overcoming objectives" practice -available 24/7.

  11. Finance/Marketing intern

    Current Intern - Anonymous Intern
    Current Intern - Anonymous Intern

    I have been working at New York Life as an intern

    Pros

     Responsible for approaching & evaluating potential clients utilizing mailing & phone solicitation, making presentations to groups at company sponsored events and community health fairs on the subject of financial well-being

    Cons

    Everything, charge you for leads, lie constantly, basically put you in a cubicle and say good luck

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