New York Life

  www.newyorklife.com
  www.newyorklife.com
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

793 Other Employee Reviews for New York Life (View Most Recent)

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  1.  

    Not for me

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

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

    Pros

    two days off a week, possibility of making good money, nice offices in the middle of Manhattan, and nice people that work there.

    Cons

    No leads, no money till you pass a couples of test and sign five people up for life insurance,

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2. 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 an 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
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