New York Life

  www.newyorklife.com
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New York Life Reviews

Updated August 18, 2014
Updated August 18, 2014
715 Reviews

3.3
715 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
New York Life Chairman, President & CEO Ted Mathas
Ted Mathas
420 Ratings

Review Highlights

Pros
  • They provide a great training ground for how to sell and scripts to use when selling (in 48 reviews)

  • Their compensation package is excellent and they have a superb I mean superb training program (in 27 reviews)


Cons
  • Be prepared to hassle friends and family to buy useless products (in 32 reviews)

  • No base salary (you will invest in the company before they invest in you) (in 26 reviews)

More Highlights

421 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1. 1 person found this helpful  

    The Company You Keep

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Insurance Agent  in  Ridgeland, MS
    Current Employee - Insurance Agent in Ridgeland, MS

    Pros

    I have worked with New York Life for some time now and, they are the most hands on company around for their clients as well as their agents and partners.

    Cons

    Relaying the importance to the clients how essential life insurance really is.

    Advice to ManagementAdvice

    Keep up the good work.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Great company.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Underwriter  in  Cleveland, OH
    Current Employee - Underwriter in Cleveland, OH

    Pros

    great benefits, incentives treats employees real nice.

    Cons

    have none so far so good

    Recommends
    Positive Outlook
    No opinion of CEO
  3.  

    Good internship experience

    Current Employee - Intern - Hourly  in  Providence, RI
    Current Employee - Intern - Hourly in Providence, RI

    Pros

    They have a great training program for their agents and interns. Good office environment with unlimited room for growth.

    Cons

    Only had limited time at this firm but it is strictly commission based which is tough for many people.

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  5.  

    Summer Intern

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

    Pros

    variety of work given to me

    Cons

    a lot of busy work/administrative work

    Advice to ManagementAdvice

    Give interns more relevant work

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Great place to start out in the insurance industry

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

    Pros

    Lateral opportunities in all areas of the company
    Very diverse and quite liberal for a conservative company
    Compensation is comparable

    Cons

    Discourage interns from working overtime

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    Great company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Insurance Agent
    Current Employee - Insurance Agent

    Pros

    Company sells it's self on its strength and longevity. Quality products backed by a quality company.

    Cons

    Training can be a little sketchy for newbies.

    Advice to ManagementAdvice

    Standardize the training program

    Recommends
    Positive Outlook
    Approves of CEO
  8. 1 person found this helpful  

    A good opportunity for the right person

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Agent  in  White Plains, NY
    Current Employee - Agent in White Plains, NY

    Pros

    Excellent training program, great products, good support structures

    Cons

    Prospecting is the most important part of this job and this component can be very challenging - especially when your personal/warm market runs out. People can become defensive/hostile when you ask them specific questions about their financial situation, which is a required part of the first appointment FNA (financial needs analysis). I personally disliked this part so much I chose not to continue on as an agent. For the right person, however, this job can be a good fit. It's possible to make an excellent income in time with this job.

    Recommends
    No opinion of CEO
  9.  

    I love my job!

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

    Pros

    Flexible schedule
    Work life balance encouraged
    Great benefits
    Competitive salary
    Lots of room for career advancement
    Engaging work

    Cons

    No full time telecommute positions available yet

    Advice to ManagementAdvice

    Consider full time telecommute opportunities for employees. Lots of companies are going this route such as United Healthcare. It can be successful and a great way to continue to promote work life balance.

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Great Company to work for

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Great training, great management, make your own hours

    Cons

    You must have people to call. If you don't have names to call you don't make any money.

  11.  

    Great place to wok but very challenging with discipline

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Agent  in  Chicago, IL
    Current Employee - Agent in Chicago, IL

    Pros

    Unlimited potential
    make own hours
    no boss

    Cons

    Straight commission
    finding new clients

    Advice to ManagementAdvice

    Help with finding new clients

    Recommends
    Positive Outlook
    Approves of CEO

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