Max New York Life Insurance

  www.maxnewyorklife.com
  www.maxnewyorklife.com

Max New York Life Insurance Reviews

Updated October 22, 2014
Updated October 22, 2014
122 Reviews
3.7
122 Reviews
Rating Trends

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Max New York Life Insurance CEO & Managing Director Rajesh Sud
Rajesh Sud
25 Ratings

Review Highlights

Pros
  • Job safety for all trainers, work culture safety for all women were the real add ons (in 11 reviews)

  • Flexible work environment, independence, every day is different (in 7 reviews)


Cons
  • Salary is all commission based, not a great job for a student out of college (in 3 reviews)

  • senior management is out of touch, there have been many re-orgs and lay-offs over the past 5 years (in 3 reviews)

More Highlights

30 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Difficult job, but one can be successful

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Max New York Life Insurance

    Pros

    Flexible work environment, independence, every day is different. This made it so you really had full control over how much effort you put into the job.

    Cons

    I didn't make any money at this job until about a month and a half in. They want you to prove yourself before they will make you full time and give you benefits. i guess that makes sense, but make sure you have some money saved up before you dive into a career in life insurance.

  2.  

    My experience with New York Life was very interesting.

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

    I worked at Max New York Life Insurance as a contractor (less than an year)

    Pros

    It is an opportunity for people who are good at sales to work with very nice people and make a good living.

    Cons

    It is a strictly commission sales job.

    Advice to ManagementAdvice

    None

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  3. 1 person found this helpful  

    Reputable name within the Insurance Industry

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Los Angeles, CA
    Current Employee - Anonymous Employee in Los Angeles, CA

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

    Pros

    Unlimited amount of resources for agents. Company brand and history. Ability to set your own schedule and work in markets of your choice.

    Cons

    Management cares more about hiring new agents then growing skills necessary to succeed. Revolving door. Most agents do not make it through the first year due to lack of training.

    Advice to ManagementAdvice

    Develop a mentorship program for young agents.

    Recommends
    Neutral Outlook
    No opinion of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review
  5.  

    Insurance Agen

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Insurance Agent in Houston, TX
    Former Employee - Insurance Agent in Houston, TX

    I worked at Max New York Life Insurance full-time (less than an year)

    Pros

    Great Training, Resourceful Team, Great Mentors

    Cons

    Salary is all commission based, not a great job for a student out of college.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6.  

    Reputable company with great support

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Agent in San Jose, CA
    Current Employee - Agent in San Jose, CA

    I have been working at Max New York Life Insurance

    Pros

    Great place to work for if you want flexibility. Not required to go into the office unless there's a mandatory meeting. Unlimited earnings potential. Great management team that very supportive and wants to see you succeed.

    Cons

    Commission only pay structure. When submitting business strict underwriting requirements can sometimes throw you off guard when policies are declined and you end up owing NYL your commission back. Some trainers during orientation tend to make it seem as if selling insurance is easy until the reality hits when you're out in the field.

  7.  

    Decent place to work but they play favorites.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Customer Service Representative in Tampa, FL
    Former Employee - Customer Service Representative in Tampa, FL

    I worked at Max New York Life Insurance

    Pros

    Good rewards if you can meet your metrics. Great holiday party with a gift auction. Most people are great to work with.

    Cons

    Play of favorites for any promotions or relocating to different departments. On sales team they would continue to change sales goals so the top tiers are unattainable unless you work overtime.

    Advice to ManagementAdvice

    Keep consistent sales goals that are attainable during a normal work week. Promote management from within. Hire more employees to reduce mandatory overtime.

  8. 1 person found this helpful  

    neutral

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Assistant Accountant in Parsippany, NJ
    Current Employee - Assistant Accountant in Parsippany, NJ

    I have been working at Max New York Life Insurance

    Pros

    management are very respectful of the emaployess.
    starting salary comparable to other big companies

    Cons

    heavy work load
    very little salary increments
    promotions are hard to come by
    very little bonus (2%)

    Advice to ManagementAdvice

    need to hire more people-
    need a base salary increase
    need hire bonuses

  9.  

    So so.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in Oklahoma City, OK
    Current Employee - Anonymous Employee in Oklahoma City, OK

    I have been working at Max New York Life Insurance

    Pros

    Very neutral about everything. Glad to have a job at least.

    Cons

    No room for advancement, stuck in middle level managment.

    Advice to ManagementAdvice

    Compensate talented employees or they will leave.

  10.  

    Overall Good

    Current Employee - CHIEF MANAGER in Gurgaon, Haryana (India)
    Current Employee - CHIEF MANAGER in Gurgaon, Haryana (India)

    I have been working at Max New York Life Insurance (less than an year)

    Pros

    Colleagues are very helpful and friendly

    Cons

    Difficult product to sale and industry

  11.  

    Working as Assistant Manger as MNYL

    Former Employee - Assistant Manager in Gurgaon, Haryana (India)
    Former Employee - Assistant Manager in Gurgaon, Haryana (India)

    I worked at Max New York Life Insurance full-time (more than 3 years)

    Pros

    Good opportunities and Good learning and with great deal of responsibilities.

    Cons

    No transparency and office politics is at its peak

    Advice to ManagementAdvice

    Kindly take care of office politics and give chance to talent.

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