New York Life Reviews | Glassdoor.ca

New York Life Reviews

Updated 16 November, 2018
2,245 reviews

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3.5
StarStarStarStarStar
Rating TrendsRating Trends
Recommend to a friend
Approve of CEO
New York Life Chairman, President and CEO Ted Mathas
Ted Mathas
1,101 Ratings

2,245 Employee Reviews

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Pros
Cons
  • "Asked to call your friends and family to try and sell them then ask them for references" (in 92 reviews)

  • "no base salary and very few leads" (in 89 reviews)

More Pros and Cons

  1. Helpful (2)

    "Sales"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Sales Consultant in Windsor, ON
    Former Employee - Senior Sales Consultant in Windsor, ON
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    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


  2. "Competitive but healthy"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Business Analyst in New York, NY (US)
    Former Employee - Business Analyst in New York, NY (US)
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at New York Life (More than a year)

    Pros

    - Challenging in a positive way
    -great camaraderie among teams

    Cons

    compensation package leaves much to be desired

  3. "Agent"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Agent in Glendale, CA (US)
    Former Employee - Agent in Glendale, CA (US)
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

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

    Pros

    Teamwork is valued
    great opportunities

    Cons

    Commission comes with its ups and downs
    expect you to sell to all your friends and family before really teaching you anything

    Advice to Management

    morning meetings are redundant and should be streamlined


  4. "Company Strength"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Insurance Agent in Norfolk, VA (US)
    Current Employee - Insurance Agent in Norfolk, VA (US)
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    GREAT TRAINING. can make a lot of money. up to date with technology

    Cons

    if you don't produce, management thinks less you you.
    everybody for themselves.

    Advice to Management

    Put more time and effort into new agents instead of agents that have been there for more than a year.


  5. "Registered Representative"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Registered Representative in Austin, TX (US)
    Current Employee - Registered Representative in Austin, TX (US)

    I have been working at New York Life (More than 5 years)

    Pros

    The foundational training is unmatched, great culture, great management.

    Cons

    Company is way behind on technology, but is taking steps to improve.


  6. Helpful (1)

    "NYL Insurance Co."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Associate in New York, NY (US)
    Former Employee - Senior Associate in New York, NY (US)
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Pay and benefits are good.

    Cons

    Infrastructure and management turnover is too frequent.


  7. "Agent"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Negative Outlook
    No opinion of CEO

    I worked at New York Life full-time

    Pros

    Great training, unlimited resources, extremely strong company, knowledgeable partners and sales managers. Competitive compensation system

    Cons

    No base pay, heavy turnover/ low retention rate

  8. "Need time to build a business base"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Agent in Wilkes-Barre, PA (US)
    Current Employee - Agent in Wilkes-Barre, PA (US)
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Excellent training, great and competitive products and company strength and reputation, they are the best at what they do.

    Cons

    It's 100% commission, so you will need time and resources to build your business unless you are able to sell from the day you get licensed by the state. And then there's more training on products required to be able to sell.

    Advice to Management

    Be clear about how difficult it can be to find and close on sales prospects and therefore earn money - a living. Offering a base of business to at least service and get renewals from would help new agents survive early on.


  9. "Great Flexibility!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY (US)
    Current Employee - Anonymous Employee in New York, NY (US)
    Recommends
    No opinion of CEO

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

    Pros

    Flexible schedule, uncapped earnings and great co-workers!

    Cons

    No consistency, you HAVE to be excellent at prospecting or else you don't make money.


  10. "Overall, great company to work for"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at New York Life full-time

    Pros

    Value family and many employees stay at NYL for life.

    Cons

    If you are not part of the establishment it can be hard to find advancement opportunities.


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