There are newer employer reviews for New York Life

Life Insurance Company

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
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)

Pros

Financially sound life insurance company. Good sales training.

Cons

You have to constantly prospect new clients.

Doesn't Recommend
Neutral Outlook
No opinion of CEO
reviews filtered by
  • Any Location
  • Any Job Title
  1. 4 people found this helpful

    Great Place to Get Great Training

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    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)

    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 ManagementAdvice

    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.

    Recommends
    Neutral Outlook
    Approves of CEO
  2. Great company, takes the right kind of person to succeed

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

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

    Pros

    Great training, great products, good people in the company, good compensation, solid support group for the most part, flexibility is possible (but at a cost to your success), great resources

    Cons

    You really have to buy in or else you'll hate what you're doing, Worked 2+ months before getting trained, Be ready to call everyone you know then start meeting new people and doing the same,

    Advice to ManagementAdvice

    Don't start someone out in the field 2 months before you train them, it makes it impossible to succeed. Other than that, really good company, just didn't work out for me

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
There are newer employer reviews for New York Life

Work at New York Life? Share Your Experiences

New York Life

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.