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

See Most Recent

Great company focused on the commitment to employees and policy holders.

Former Employee - Anonymous Employee
Former Employee - Anonymous Employee

I worked at New York Life full-time

Pros

Great benefits given to employees.

Cons

Growth opportunities are limited based on role.

0 reviews filtered by
  • Any Location
  • Any Job Title
  • Any Status
  1. Helpful (1)

    Great company! High turnover indicative of the industry.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Registered Representative in Andover, MA
    Former Contractor - Registered Representative in Andover, MA

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

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Excellent sales training and manager support if you have a good Manager Partner. Great product selection to fit every need.

    Cons

    Not everyone has the long term ability to maintain all the office fees and business expenses associated with the business.

    Advice to Management

    Compensation is fairly standard for the industry, 100% commission plus matching training allowance for the first 3 years based on sales. However, not all office and administrative fees were stated upfront, and some unexpected fees were added. Management needs to do a better job of disclosing these to sales reps from the very beginning so that one can plan expenses more accurately for the long term.
    Career opportunities are limited from the sales rep track to managing partner as they do not seem to hire from within from sales to other positions.


  2. Helpful (3)

    Tough environment with very little support

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

    I worked at New York Life full-time (Less than a year)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Easy to get a job here

    Cons

    Your success really depends on the manger you get placed with. I got stuck with a frat boy who was still reliving his college days, coming in late and expecting the rest of us to stay late with him. The hours look ideal because there is a lot of flexibility to make your own schedule. There is no "base salary" which they try to sell you on when they offer you the job. They 'match' what you make in commission which since you spend the first month or so in training meetings, there isn't much (if any) of. They ask you to essentially create a list of the 200 people you have know and then start setting up meetings with them and selling them life insurance. It's awkward. If you don't do it, they will have other people in the office start calling on your list. There is no leadersihp in the office because at some point, agents get senior enough to just work from home/ "have meetings" all day. The make you pay for upfront the tests you need to take to be an agent and they aren't cheap.

    Advice to Management

    make sure your "partners" are mature enough to handle their jobs/training responsibilities
    offer some kind of base (even if it's minimal) to really convince good people to take and stick with the job


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

See Most Recent

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.