There are newer employer reviews for New York Life

3 people found this helpful  

If you can follow a system and are not fearful of working your butt off, you can make a lot of money here.

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

Pros

Unlimited earning potential.
Flexible hours.
You're working for an amazing company who loves its agents and compensates them while for helping families and individuals protect and save for the future.

Cons

No leads and salary, but their ability to help you find leads and the unlimited earning potential make up for that.

Recommends
Positive Outlook
Approves of CEO

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

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  1. 2 people found this helpful  

    Good company to work for

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

    I worked at New York Life full-time (more than 5 years)

    Pros

    Good culture and team atmosphere, even for a bunch of self employed people. They do a good job of training agents, although some people are just not cut out for the work.

    Cons

    The company is a bit slow to adapt to changes. Much of the financial industry is doing things online and the company is somewhat behind the curve, although they are making strides.

    Recommends
    Neutral Outlook
    Approves of CEO
  2. 14 people found this helpful  

    Don't be fooled!!

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

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

    Pros

    New York Life has a great training program. It is a solid company finacially, people recognize the name and respect it. Good place to enter the financial services industry, get your licenses, learn selling,

    Cons

    After six months, the company charges for the cube, phone, computer center, technology, mail box, costs are about $350.00 per month. If you have some sales fall off, and you will, its easy to be negative on your ledger. You will be pressured to sell to your friends and family, your "natural market", so people you know will stop taking your calls. They try to position the job as financial planning but in the end it is insurance sales. Every concept is handled with an insurance product. The company makes it seem like they are selective about who they bring on but they will hire anyone without a criminal past. It is a revolving door, many people leave within the first year, even people with over two years leave so it is not just new people who couldn't cut it. Desperation is the fuel that drives most of the people there. Most people are not making much money. I am nine months in and am looking to get out!

    Advice to ManagementAdvice

    Be more selective with who is hired, pay them a declining salary to help them get going, stop charging people to use the office.

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

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