New York Life Reviews

Updated June 29, 2015
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4.0
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Recommend to a friend
Approve of CEO
New York Life Chairman, President & CEO Ted Mathas
Ted Mathas
155 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

267 Employee Reviews

Sort: Popular Rating Date
  1. Agent/Registered Rep.

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at New York Life

    Pros

    Flexibility, guidance and support, company that is ranked #80 on the Fortune 500. Ability to really help people. Showing how foundation planning can really help improve lives in your community.

    Cons

    Sometimes there does come challenges with prospecting and building the business. Keeping a positive attitude and doing joint work can help. Also when you do a good job, you can always ask for referrals.

    Advice to Management

    Continue to offer support and being available to help is always key . Our G.O. is very helpful and always willing to help our agents. We are so fortunate to have a great team!


  2. Helpful (2)

    Loved my job

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Administrative Assistant in Fresno, CA
    Former Employee - Administrative Assistant in Fresno, CA

    I worked at New York Life

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

    Pros

    Opportunities to earn designations and cross-train in other jobs
    Creative freedom
    Friendly work environment
    Nice office
    Perks and parties

    Cons

    Micromanaging and criticism in front of others, obsession over irrelevant details, focus on blame instead of problem solving

    Advice to Management

    Some managers appear to be for the company but are power-hungry and make work life miserable for those they don't like; told to act like a man to get respected and that emotions have no place there.


  3. Diverse, inclusive company

    • 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 (More than 5 years)

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

    Pros

    Committed to diversity, with real support and empathy for all of its employees

    Cons

    Nothing in particular that differentiates it from peers in financial services.


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


  5. Helpful (1)

    Attorney

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

    Pros

    Company tries to do the right thing for its clients.

    Cons

    Potential for age discrimination claims.


  6. Recruiting Coordinator

    • 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 full-time

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Worked with some of the top managing partners
    Company has amazing training within the industry
    Provided support with job fairs and ample marketing

    Cons

    Become more tech savvy
    Still using paper applications should be options to use online software within portal

    Advice to Management

    Lead your units from the forefront, more inspirational opportunities


  7. Assistant to Agent

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at New York Life part-time

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    I was a college student at the time, good to put on resume, nice work environment.

    Cons

    Depends on the agent you work for, you may or may not get along with them.


  8. Great place to Fulfill your dreams

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at New York Life full-time

    Pros

    Tons of support from the managers and staff.

    Cons

    Sales is Sales. You will have to get off to a great start. Nothing is going to be given to you.


  9. Assistant to Agent

    • 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
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Good company, well established, active

    Cons

    Doesn't teach well, needs to provide more indepth training


  10. Agent

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Life & Health Insurance Licensed Agent in Kew Gardens Hills, NY
    Current Contractor - Life & Health Insurance Licensed Agent in Kew Gardens Hills, NY

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

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Potential for financial gains, independence, learning potential, communication and inter-personal relationships

    Cons

    Commission based only salary. Lead generation

    Advice to Management

    Stronger support system


  11. Great Career Opportunity!!

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

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

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

    Pros

    Industry leading training with a very interactive hands on approach. High ceiling for earning potential based on performance. The development managers and partners are always available to help give sound advice and help plan how to run a successful practice.

    Cons

    There can be weeks where no money is earned, clients reschedule, long hours spent prospecting and trying to make enough contacts.

    Advice to Management

    Be realistic and up front about the ups and downs seen in the position.



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