New York Life

  www.newyorklife.com
  www.newyorklife.com

New York Life Reviews

Updated December 22, 2014
Updated December 22, 2014
800 Reviews
3.3
800 Reviews
Rating Trends

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

Review Highlights

Pros
  • They provide a great training ground for how to sell and scripts to use when selling (in 55 reviews)

  • Their compensation package is excellent and they have a superb I mean superb training program (in 32 reviews)


Cons
  • they tell you to sell insurance to your friends and family and when you leave they treat (in 37 reviews)

  • No base salary (you will invest in the company before they invest in you) (in 29 reviews)

More Highlights

465 Employee Reviews Back to all reviews

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

    Agents

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

    I have been working at New York Life part-time (less than an year)

    Pros

    You can work when ever you want. You are not required to check in with management unless there is an issue.

    Cons

    This is a commission based job so if you don't work then you don't get a paycheck. Trying to convince potential clients on how they can benefit from the products is a challenge.

    Advice to ManagementAdvice

    If an agent is having a difficult time they you should go out prospecting with them so they can see how you have succeeded in your career instead of just telling them to go out and do it.

    Recommends
    Neutral Outlook
    No opinion of CEO
  2.  

    great company, great opportunity for growth

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at New York Life

    Pros

    great training and personal development

    Cons

    slow moving big company that takes its time for everything

  3.  

    Best opportunity that you will ever get!

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

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

    Pros

    Flexibility, family values, great compensation package, strong benefits offerings, choose your clients, great co-workers, helpful management team, positive work environment, pay for performance, great training, lots of upward career advancement

    Cons

    commission drives your compensation, lots of compliance in the industry, lots of paperwork

    Advice to ManagementAdvice

    no comment

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Outstanding Comapny

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

    I have been working at New York Life

    Pros

    Create your own business and be as good as you want to be

    Cons

    You are your own boss.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Great Place to Work

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

    I have been working at New York Life as a contractor (less than an year)

    Pros

    The products are so good they sell themselves.
    As a commission based pay scale you can make unlimited money

    Cons

    No salary, wish there was at least a small minimum you know you were taking home each month.

    Advice to ManagementAdvice

    Offer a salary and reduced commission pay option especially for young, new agents.

    Recommends
    Positive Outlook
  7.  

    Satisfied

    • Comp & Benefits
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at New York Life

    Pros

    Good Company to work at

    Cons

    None i can think of

    Advice to ManagementAdvice

    Good job communicationg

    Recommends
    Neutral Outlook
  8.  

    Pretty good

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

    I have been working at New York Life

    Pros

    Excellent management and education support

    Cons

    Really hard to get started in the business with no base salary. However, if you sell, you will do very well.

    Recommends
    Neutral Outlook
  9.  

    Little room for growth

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

    I have been working at New York Life as an intern (less than an year)

    Pros

    - give you real responsibilities which can be rewarding
    - good possibility of getting rehired

    Cons

    - does not pay well
    - industry is very boring

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  10.  

    Director of Development

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

    I have been working at New York Life full-time (more than 10 years)

    Pros

    Great company with great philosophies. Cares about its customers, agents and employees

    Cons

    Easy to hit the glass ceiling. Unless someone transfers or retires, difficult to get promoted.

    Advice to ManagementAdvice

    Create a database of employee talents and experiences and make it easier to grow internally.

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Ok company

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

    I have been working at New York Life

    Pros

    Good work life balance and you don't feel overworked or super stressed.

    Cons

    Pay is well below market average. Lots of nepotism and favoritism. Chances for growth is hindered by poor middle management. Executive management favors years of service over talent and ability.

    Advice to ManagementAdvice

    Need to get away from the favoritism for years of service and encourage younger professionals to come into NYL and want to stay there and grow with the company.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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