New York Life

  www.newyorklife.com
  www.newyorklife.com

New York Life Reviews

Updated 20 December, 2014
Updated 20 December, 2014
796 Reviews
3.3
796 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
New York Life Chairman, President & CEO Ted Mathas
Ted Mathas
455 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 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. 1 person found this helpful  

    Agents

    • 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 part-time (less than an year)

    Pros

    You can work when ever you want. You are not required to check in with management unless there is an issue.

    Cons

    This is a commission based job so if you don't work then you don't get a paycheck. Trying to convince potential clients on how they can benefit from the products is a challenge.

    Advice to ManagementAdvice

    If an agent is having a difficult time they you should go out prospecting with them so they can see how you have succeeded in your career instead of just telling them to go out and do it.

    Recommends
    Neutral Outlook
    No opinion of CEO
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  5.  

    great company, great opportunity for growth

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at New York Life

    Pros

    great training and personal development

    Cons

    slow moving big company that takes its time for everything

  6. 1 person found this helpful  

    Typical Sales Job

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

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

    Pros

    Residual Income!!! Depending on how fast you build your practice, eventually you will receive renewals and will create your own base salary. So, at the beginning of the month you wont always start at zero. You are working for a trust worthy company

    Cons

    I had an overall great experience with New York Life I only left because I didn't want to sell life insurance for another 30 years....
    Personal con, so much flexibility in schedule can lead to unproductive day.

    Advice to ManagementAdvice

    If you inherit a colleagues book of business, you are still servicing the client so you should still receive the renewals

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Summer internship

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Finance in Tampa, FL (US)
    Former Employee - Finance in Tampa, FL (US)

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

    Pros

    Excellent culture with great work experience.

    Cons

    The pay is a little low for a Fortune 100 company

    Advice to ManagementAdvice

    Keep up the good work!

    Recommends
    Positive Outlook
    No opinion of CEO
  8.  

    Best Training in the Financial Industry

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

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

    Pros

    Best training, great support system. This is only in the greater New York Area.

    Cons

    No Marketing help, unless you become established. High out of pocket expenses. Not the best benefits, qualified for pension on your fifth year with the company.
    Once you reach your yearly goals as Executive council, you qualify to pay for your own office.

    Advice to ManagementAdvice

    great management support team.

  9.  

    Agent- selling life insurance

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

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

    Pros

    Freedom, flexible schedule and good way to get your feet wet in the industry.

    Cons

    Poor support, commission based and you're basically on your own.

    Advice to ManagementAdvice

    Offer base salary, and you will retain better employees

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  10.  

    Best opportunity that you will ever get!

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

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

    Pros

    Flexibility, family values, great compensation package, strong benefits offerings, choose your clients, great co-workers, helpful management team, positive work environment, pay for performance, great training, lots of upward career advancement

    Cons

    commission drives your compensation, lots of compliance in the industry, lots of paperwork

    Advice to ManagementAdvice

    no comment

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Outstanding Comapny

    • 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

    Create your own business and be as good as you want to be

    Cons

    You are your own boss.

    Recommends
    Positive Outlook
    Approves of CEO

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