There are newer employer reviews for New York Life
There are newer employer reviews for New York Life

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Life Insurance Company

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

I worked at New York Life full-time (More than 3 years)

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

Pros

Financially sound life insurance company. Good sales training.

Cons

You have to constantly prospect new clients.

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  1. Helpful (4)

    Great Place to Get Great Training

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

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

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

    Pros

    Good in house training with experienced sales agents and training reps on a weekly basis. Scripting to give presentations allows you to learn your product thoroughly. Good commission matching program the first three years. Support team at the office to ensure your paperwork is clean and commissions are paid immediately. With a good office manager, you can go far with NYL.

    Cons

    Expensive start up so be prepared to have up to 6 months of your income needed in the bank in case your sales aren't great the first few months. You will pay for everything including your phone line and internet, so be prepared to have all of it taken from your checks in the beginning, which could reduce them to nothing if you are just writing small term policies for your friends and family to get your feet wet.

    Advice to Management

    You work so hard recruiting great talented people, and you only retain 10% of them at the end of one year from each class you spend so much time trying to develop. Free leads and orphan cases could be a great incentive for new agents to stay longer. Review your candidates regularly and help them achieve their goals, don't just let them write all of their friends business and you make your 10% for recruiting them, and then let them leave. It doesn't make you look good.


  2. Some agents do very, very well... excellent company... opportunities to advance

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

    I have been working at New York Life full-time (More than 5 years)

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

    Pros

    autonomy to develop your own business, great company - #1 in the business, fantastic training and management support, tremendous purpose to the work, true opportunity for excellent pay and career.

    Cons

    as we would all expect - new prospects must be found - some are easier to find than others.

    Advice to Management

    keep up the great work!


There are newer employer reviews for New York Life
There are newer employer reviews for New York Life

See Most Recent

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