New York Life

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

 

Supersonic revolving door

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Insurance Sales Agent in Kansas City, KS
Former Employee - Insurance Sales Agent in Kansas City, KS

I worked at New York Life full-time (more than an year)

Pros

Nice management, just a numbers game

Cons

Unreal turnover , they will recruit anyone

Advice to ManagementAdvice

A little more truth when recruiting in the sales dep

Doesn't Recommend

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

Sort: Rating Date
  1. 1 person found this helpful  

    10 years at new york life

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

    I have been working at New York Life full-time (more than 10 years)

    Pros

    strong allotment of vacation time even for inexperienced staff
    work life balance oriented

    Cons

    opportunities are limited for non actuarial staff
    compensation is low
    tendency to be pigeon holed into roles

    Advice to ManagementAdvice

    80/20 rule is more like 90/10 in most departments. look to give opportunity to talented non actuaries

    Recommends
    Neutral Outlook
    Approves of CEO
  2. 3 people found this helpful  

    I have been lied to and mislead for over a year.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Services Professional in Raleigh, NC
    Current Employee - Financial Services Professional in Raleigh, NC

    I have been working at New York Life as a contractor (more than an year)

    Pros

    I do not have anything good to say.

    Cons

    When I was recruited, I was told that I had to produce $500 a month of commission ( at 50% which is well below industry average) to qualify for $2,320. They failed to mention this is an 80% match to your sales up to $3,000. I signed a lease for a house after contracting because I was led to believe that I would take home $2,820 as long as I made $500. If you make $500 they will add $400 making it $900 before tax.

    There is very little invested in your personal development. You are required to come to classes on Monday morning that teach you nothing but basic product and sales tips. After the first month or two these become completely worthless.

    The management pushes for "case rate" because "it will make you successful." The truth is they push for case rate because the more cases you right the higher the percentage of your commissions their bonus is.

     There is virtually no support unless you are a top producer. They have a "throw it at the wall and see if it sticks" mentality

    Advice to ManagementAdvice

    Support your new hires and it would reduce the number of agents and registered reps you lose to your competitors. I would also enforce stricter compliance policies on how compensation is explained in the recruiting process.

    Doesn't Recommend
    Negative Outlook
    Disapproves 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.