New York Life Reviews

Updated August 27, 2015
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New York Life Chairman, President and CEO Ted Mathas
Ted Mathas
166 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

290 Employee Reviews

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  1. Helpful (4)

    Specialist

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Tampa, FL
    Former Employee - Anonymous Employee in Tampa, FL
    Recommends

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

    Pros

    Great benefits for the employees and activities

    Cons

    Typical problems of a big corporation when the departments do not communicate properly and they are easy to blame one and other


  2. Insurance Agent

    • Work/Life Balance
    • Culture & Values
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Training. Lots and lots of training on insurance and annuity products.

    Cons

    None. It's not easy prospecting for clients but that's the business.


  3. The Company You Keep

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager in Brooklyn, NY
    Current Employee - Manager in Brooklyn, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at New York Life (More than 10 years)

    Pros

    New York Life is a great company to work for. There are opportunities for career development, certifications, and tuition reimbursement. There are several opportunities to gain leadership with volunteer initiatives and learn about other areas of the company with the various networking groups.

    Cons

    Employees rarely take risks with their careers, they fear the unknown.

    Advice to Management

    There is plenty of talent in the company and plenty of fresh ideas within, please do not forget to develop the employees who are raising their hands for more projects.


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  5. Helpful (2)

    advice to newbies

    • Work/Life Balance
    • Culture & Values
    • Comp & Benefits
    • Senior Management
    Current Employee - Licensed Agent in Williamstown, WV
    Current Employee - Licensed Agent in Williamstown, WV
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great training, friendly atmosphere, flexible schedule

    Cons

    takes approximately 6 months to train before making any money, keep part time job while training, cannot work anywhere else once you trigger your full time contract, colleagues can play unfairly


  6. Contract Recruiter

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Contract Recruiter in Downers Grove, IL
    Former Contractor - Contract Recruiter in Downers Grove, IL
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Flexible hours, beautiful office, great coworkers. excellent training Great part time position

    Cons

    No cons, very straightforward position.

    Advice to Management

    Corporate should give local offices budget for more full time support positions


  7. Assistant manager

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Manager in Amarillo, TX
    Former Employee - Assistant Manager in Amarillo, TX
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at New York Life (More than 5 years)

    Pros

    Weekly pay Company cared about there employees and management staff Allowed feedback

    Cons

    Closed location without a fight. Had to push credit cards daily I always felt bad ruining people credit.

    Advice to Management

    None


  8. Great Company!!!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Underwriting Assistant in Del Valle, TX
    Former Employee - Underwriting Assistant in Del Valle, TX
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at New York Life (More than 10 years)

    Pros

    Growth and opportunity Competitive pay

    Cons

    The family work and life balance is not easily obtained

    Advice to Management

    None


  9. Helpful (2)

    Representative

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Client Specialist in Tampa, FL
    Current Employee - Client Specialist in Tampa, FL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at New York Life (More than 3 years)

    Pros

    Great benefits in terms of company match to 401k contributions and health insurance.

    Cons

    frequent mandatory overtime needs, especially in the beginning & end of each month when most of the clients (AARP members) receive social security income during these times.


  10. Senior Associate

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    excellent benefits, stable company, good work life balance most of the time

    Cons

    not quick to utilize most current technology


  11. Helpful (1)

    Hard way to earn a living

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Services Representative in Maybrook, NY
    Former Employee - Financial Services Representative in Maybrook, NY
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    Honest company, great products, good training and support

    Cons

    Hard if not impossible way to make a living. Everyone and their brother is out there with these products, people don't want to spend money on things that they MAY need in the future. Lots or rejection, and a few victories. Now don't think I'm full of sour grapes, I made conference, but they charge you to work there, thats right YOU pay THEM. and what is left seems like too little to live off of if you supporting a family. But possible if you work 14 hours days.



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