New York Life

  www.newyorklife.com
  www.newyorklife.com
There are newer employer reviews for New York Life

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

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

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  1. 1 person found this helpful  

    Good working environment that stresses employee well being

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Compliance Associate in Sleepy Hollow, NY
    Current Employee - Compliance Associate in Sleepy Hollow, NY

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

    Pros

    Strong emphasis on employee well being and benefits. Relaxed work environment.

    Cons

    Difficulty to advance due to newly formed employee hierarchy

    Advice to ManagementAdvice

    Don't announce that layoffs are coming and then drag the process out for 6+ months

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

    Strong, Stable, Fair and Generous to it's Policy Holders

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Service Professional in Denver, CO
    Current Employee - Financial Service Professional in Denver, CO

    I have been working at New York Life full-time (more than 3 years)

    Pros

    Great Training, Amazing Leadership, Fantastic Income Potential. In Denver they have fantastic leadership and training.

    Cons

    Thick skin as one is selling an intangible product. Be prepared to follow a process and make sure you are ready to run your own business as it is a commission position.

    Advice to ManagementAdvice

    Really focus on individual learning styles. Tailor marketing plans to the individual.

    Recommends
    Positive Outlook
    Approves of CEO
There are newer employer reviews for New York Life

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