Max New York Life Insurance

www.maxnewyorklife.com
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Max New York Life Insurance Reviews

Updated February 21, 2015
Updated February 21, 2015
46 Reviews
4.0
46 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Max New York Life Insurance CEO & Managing Director Rajesh Sud
Rajesh Sud
46 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)

  • You have a trail period or P-Tas period to show them what you can do before you are actually a full time agent (in 3 reviews)

More Highlights

46 Employee Reviews Back to all Reviews

Sort: Popular Rating Date
  1.  

    Exellent company, excellent training and management

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

    I worked at Max New York Life Insurance

    Pros

    This company is committed to its agents and their development. The managers and trainers are top notch.

    Cons

    No fault of the company but commission based pay can be up and down.

    Recommends
    Positive Outlook
    No opinion of CEO
  2.  

    computer input & secretary

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Secretary in Colorado Springs, CO
    Former Employee - Secretary in Colorado Springs, CO

    I worked at Max New York Life Insurance

    Pros

    Great place to work, everyone cares about each other. Good benefits

    Cons

    Don't get to take vacation in December

    Advice to ManagementAdvice

    No advice to share

  3. 1 person found this helpful  

    This is a strong company who sincerely tries to do the right thing for its employees and clients.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Administrative Manager in Minneapolis, MN
    Current Employee - Administrative Manager in Minneapolis, MN

    I have been working at Max New York Life Insurance

    Pros

    Great mission, vision, and ethos. Treats their employees fair. Compensation is fair.

    Cons

    Lack of transparency and candor in communication from some leadership.

    Advice to ManagementAdvice

    Focus on communicating to all levels of the organization.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Great Company

    • Comp & Benefits
    • Work/Life Balance
    • Career Opportunities
    Former Contractor - Field Representative in Miami, FL
    Former Contractor - Field Representative in Miami, FL

    I worked at Max New York Life Insurance as a contractor (more than 3 years)

    Pros

    Great training and benefits, if taken advantage of.

    Cons

    Too many meetings, rules, red tape.

    Recommends
  6.  

    Very good company to work for

    Former Employee - Sales in San Ramon, CA
    Former Employee - Sales in San Ramon, CA

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

    Pros

    The benefits - the co-workers

    Cons

    The commissions are hard to get

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Financial Professional

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

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

    Pros

    Great people, Great company. Good place to start sales career.

    Cons

    Compensation structure is a little antiquated. Should consider moving away from Agency model

    Advice to ManagementAdvice

    Keep up the good work.

    Recommends
    Positive Outlook
    No opinion of CEO
  8.  

    very nice

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Advisor in New York, NY
    Current Employee - Financial Advisor in New York, NY

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

    Pros

    great people. lots of things to learn

    Cons

    pays a little lower than others

    Advice to ManagementAdvice

    be more on time

    Recommends
    Positive Outlook
    Approves of CEO
  9. 1 person found this helpful  

    Agent

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Max New York Life Insurance

    Pros

    Friendly, Treats employees with respect, work life balance, smart employees, opportunity to grow,

    Cons

    The only con i can think of is the initial training. Passing the appropriate test takes time

    Advice to ManagementAdvice

    Great job!

  10. 1 person found this helpful  

    Great Company

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

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

    Pros

    Control your hours, income, and client base. Work with one of the most reputable companies in the industry

    Cons

    Long hours, Partners never know how to develop just recruit, and give you misinformation to help their bottom line

    Advice to ManagementAdvice

    Have more extensive training for partners (sales managers) so if you go to them with a question they can answer it

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Remarkable MP and Staff

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

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

    Pros

    Denver GO is a great place to build a practice. There is an energetic work environment with passionate development managers, unparralelled products, and fantastic professional development, The MAP process is invaluable at helping people recognize their life insurance need and highlights the importance of after tax assets. Sit down with Mark Biren (managing partner) for 45 minutes, and it will blow your mind.

    Cons

    Most people will fail at this job. Several others will build their book and get "poached" to another outfit. I keep plugging away because I believe in myself, and I made promises to my clients.

    In a word, the biggest con of this job is uncertainty. You never know where your next client will come from. One needs to keep from having "commission breath" (i.e. that sense of desperation that you need to land another case). Treat your clients like gold to survive. That is the company mantra, and something I utilize in my practice.

    The sweet spot for our concepts are the upper middle income to upper income markets. NYLIC has placed a high minimum floor for the face amount for several of their products (probably a good business decision but limits what we can place). Other than that, I can't really complain. Any place that you go to in financial services will be similar. You have to build your own book of business when you start out. You can either build a practice, or you can work in a call center. Call center work has low upward mobility. At least I have a "coin flip" chance of being successful by working under a NYLIC appointment and NYLIFE Securities broker dealer. We dominate on life products and the value they provide. We also just so happen to provide top tier investments.

    Advice to ManagementAdvice

    Hey, MAINSTAY is great for the niches dug out, but would you be willing to allow internal/external wholesellers show Franklin Templeton and other funds we can use on the short list? MAINSTAY is great for some areas of a portfolio, but we could benefit from utilizing other's expertise.

    Other than that, I really like the fact that NYLIC is starting to advertise! How can we expect to place business when we are the least thought of insurance company (here I am referring to the consumer survey where consumers named everyone except for us).

    Thank you for keeping life in the company name. 7 out of 10 people get to retire, but, at last check, 2 out of 2 people die...

    Doesn't Recommend
    Positive Outlook

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