There are newer employer reviews for New York Life
There are newer employer reviews for New York Life

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Helpful (1)

Overall OK, great learning experience

  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Contractor - Lead Generation Consultant in New York, NY
Former Contractor - Lead Generation Consultant in New York, NY
Recommends
Positive Outlook
Approves of CEO

I worked at New York Life as a contractor (More than a year)

Pros

chance to learn about online marketing, life insurance, great peers and management.

Cons

For this specific role the pay was not substantial, summer college interns earned more. Usually no opportunity for growth from a consultant to full time employee.

Other Employee Reviews for New York Life

  1. Helpful (4)

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

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Financial Services Professional in Raleigh, NC
    Current Contractor - Financial Services Professional in Raleigh, NC
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at New York Life as a contractor (More than a 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 Management

    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.


  2. Helpful (1)

    Life at New York Life

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Disapproves of CEO

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

    Pros

    Good benefits, accepting culture of work/life balance

    Cons

    stagnant, slow moving 165 year culture; poor business acumen of executives, promotions based on personality, devoid of merit; failure to prepare for business opportunities in future

    Advice to Management

    Hire from outside; train less experienced employees; formulate strategy for 21st century insurance sales and purchase.


There are newer employer reviews for New York Life
There are newer employer reviews for New York Life

See Most Recent

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