New York Life Reviews

Updated July 31, 2015
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4.0
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Approve of CEO
New York Life Chairman, President and CEO Ted Mathas
Ted Mathas
159 Ratings

Pros
  • Great Training Programs for new Agents (in 55 reviews)

  • Solid training program and an army of product support (in 32 reviews)

Cons
  • Be prepared to hassle friends and family to buy useless products (in 37 reviews)

  • Sales intensive environment, most training is about sales, limited in products offered, no base salary (in 29 reviews)

More Pros and Cons

279 Employee Reviews

Sort: Popular Rating Date
  1. Helpful (1)

    Agent

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

    I worked at New York Life full-time (Less than a year)

    Pros

    Flexible work schedule with excellent commission incentives

    Cons

    The pay is purely commission, so if you don't make sales you don't get paid.


  2. New Agent

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

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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Flexibility, you create and run your own practice/book of business, great training program and resources.

    Cons

    Commission only. You need to commit to a good 2-3 years to develop your business and income.


  3. Commission based

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

    I have been working at New York Life

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

    Pros

    Good commission, good working environment

    Cons

    High pressure, has to make a lot of cold calls.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Great Opportunity

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in Charlotte, NC
    Former Employee - Financial Advisor in Charlotte, NC

    I worked at New York Life full-time

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    No ceiling on commission. Get what you put into it.

    Cons

    First few years are undoubtedly tough

    Advice to Management

    Keep up the support


  6. This is a great company to work for

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

    I have been working at New York Life

    Recommends
    Positive Outlook
    Disapproves of CEO
    Recommends
    Positive Outlook
    Disapproves of CEO

    Pros

    Great Company, honesty and integrity are highly valued. This is a great company if you are looking for long term stability.

    Cons

    Used to be more of a family company. There have been some changes over the last several years that have changed the close knit culture.

    Advice to Management

    None to provide


  7. Helpful (1)

    Agent

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

    I worked at New York Life (More than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Helping clients understand the importance of life insurance and creating generational wealth

    Cons

    Continuous prospectiing No salary to help you get your business running.


  8. Friendly place

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

    I worked at New York Life

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Small business feel, everyone is helpful, not cutthroat at all. Gym on site and bike path as well is very cool. It's a scenic drive to work as well.

    Cons

    Somewhat boring, not as fast-paced as NYC. Tech is a little outdated. Few opportunities for travel. words words words words words words

    Advice to Management

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  9. Administrative Associate

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

    I have been working at New York Life full-time

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Conservative Company. Benefits are comparable to the industry. Free gym on site.

    Cons

    None that I can think of.

    Advice to Management

    Still stuck on Lotus Notes..Need to move to newer and more up to speed email software.


  10. Give me your contacts

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

    I have been working at New York Life

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Large well established company. Very good products and excellent training. Excellent skilled managers in selling product, and recruiting.

    Cons

    Very much a revolving door...has no better retention than, probably worse, than a Multi-level marketing company. Once you are done talking to your friends, family, etc. most are out of the business. The products are fairly high priced to cover the management level that is not allowed to keep their book of business.

    Advice to Management

    Focus on hiring agents that have a good chance of surviving and help them excel. Maybe give them some of the old accounts from former agents to keep them moving forward those first tough three years.


  11. Lovely culture. Slow to change.

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

    I have been working at New York Life full-time

    Recommends
    Recommends

    Pros

    Lovely people. Care about each other.

    Cons

    Slow to change. Analyze everything.



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