New York Life Benefits

3.3 out of 5 (43 comments)
Most talked about benefits
  • Health Insurance

    "Lots of options, none of them inexpensive." (15 comments)

  • 401K Plan

    "Suppose structure may be different for employees and the field, so I am speaking from an employee POV. Company will match 100% on the first 3% and…" (14 comments)

  • Job Training

    "Varies by area, in mine it was OK, but I know some in others departments who were very unhappy with training," (7 comments)

Benefits Summary

  • High % reporting
  • Medium % reporting
  • Low % / No reports
  • * Employer Verified

Insurance, Health & Wellness

Financial & Retirement

Family & Parenting

Vacation & Time Off

Perks & Discounts

Professional Support

Employee Comments

  • Mar 10, 2015
    Former Intern in Sleepy Hollow, New York State

    The company culture made you fee like family

  • Mar 28, 2015
    Former Sales Agent in Charlotte, North Carolina

    Good Benefits if you make the cut each year. If you are not bringing in enough business your Health Insurance will be canceled.

  • Mar 25, 2015
    Former Insurance Agent in Bellevue, Washington State

    They have health, dental, life, 401k, all the bells and whistles you want. The problem is you have to trigger full-time to get them (aside from life insurance). You have 6 months to trigger full-time (sell enough policies) or you get no benefits and they transition you out of the company (you didn't cut it).

  • Mar 15, 2015
    Current Employee in New York, New York State

    Upstairs/Downstairs culture is prevalent throughout certain departments in NYC HO and morale is suffering badly. Publicly, NYL encourages respect, inclusion, change and innovation but most managers do not embrace this and are afraid to go against the grain of "the way things are done." Managers will provide constant lip service to their team members but have no real intention to improve inclusion and productivity. It is a very uncomfortable work environment and costs the Company nothing to improve respect, inclusion and morale at every level. It is the managers that need the pep talk about change, not the employees. There are valuable, bright employees that are not utilized properly because "that's not how NYL operates."

  • Mar 15, 2015
    Former AVP Underwriting in New York, New York State

    Medical is good but pricey and complicated. Has traditional pension plan, but is only for longer term staff that were grandfathered into it when it was closed to less tenured staff in 2011. The latter group is now stuck with a less attractive cash balance plan. 401K match is good. Vacation allocation is pretty standard, you need to be around for decades to earn additional days.

  • Mar 14, 2015
    Current Life Insurance Agent in Bellevue, Washington State

    You pay for everything (ie: medical, dental, vision, parking, photocopies, business cards, etc) out of your own paycheck, no subsidy (unless you count the earned training allowance).

  • Feb 24, 2015
    Current Employee in New York, New York State

    Significant vacation time for tenured and/or high-level employees.

  • Mar 9, 2015
    Former Insurance Agent in Bala Cynwyd, Pennsylvania

    After you get triggered and you can get benefits, they backtrack from the moment you started with them and take it all out.

  • Feb 9, 2015
    Current Employee in Clinton, New Jersey

    can buy/sell vacation days

  • Feb 7, 2015
    Former Agent in Oklahoma City, Oklahoma

    Very expensive health insurance for coverage that isn't too great. Expensive life insurance for working for a life insurance company. Weak 401k contribution match (not set in stone and average about a 1% match per year).

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