Max New York Life Insurance

  www.maxnewyorklife.com
  www.maxnewyorklife.com
Work in HR? Unlock Free Profile

Max New York Life Insurance Reviews

Updated September 24, 2014
Updated September 24, 2014
118 Reviews
3.8
118 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Max New York Life Insurance CEO & Managing Director Rajesh Sud
Rajesh Sud
23 Ratings

Review Highlights

Pros
  • Job safety for all trainers, work culture safety for all women were the real add ons (in 11 reviews)

  • Max had a very good work environment (in 7 reviews)


Cons
  • Salary is all commission based, not a great job for a student out of college (in 3 reviews)

  • lack of training due to poor trainers (in 2 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Great Company

    • Comp & Benefits
    • Work/Life Balance
    • Career Opportunities
    Former Employee - Field Representative  in  Miami, FL
    Former Employee - Field Representative in Miami, FL

    I worked at Max New York Life Insurance as a contractor for more than 3 years

    Pros

    Great training and benefits, if taken advantage of.

    Cons

    Too many meetings, rules, red tape.

    Recommends
  2.  

    Helping people with planning, life insurance, asset protection, retirement planning and education funding .

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

    I have been working at Max New York Life Insurance full-time for more than 5 years

    Pros

    Flexible schedule. Over six figure income when you really work hard.

    Cons

    Having to prospect for clients can be challenging.

    Recommends
    Positive Outlook
    No opinion of CEO
  3.  

    Great opportunities as a Financial Sales Agent at NYL

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

    I have been working at Max New York Life Insurance as an intern for less than a year

    Pros

    Great support through managers and experienced reps; Strong company with great products; Excellent Training; Mutual Company

    Cons

    Commission based; Hard to start; Time lag with business activities

    Recommends
    Positive Outlook
    Approves of CEO
  4. We want your feedback – Are these company reviews helpful to you?  Yes | No
  5.  

    Very good company to work for

    Former Employee - Sales  in  San Ramon, CA
    Former Employee - Sales in San Ramon, CA

    I worked at Max New York Life Insurance full-time for less than a year

    Pros

    The benefits - the co-workers

    Cons

    The commissions are hard to get

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Financial Professional

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

    I have been working at Max New York Life Insurance full-time for more than a year

    Pros

    Great people, Great company. Good place to start sales career.

    Cons

    Compensation structure is a little antiquated. Should consider moving away from Agency model

    Advice to ManagementAdvice

    Keep up the good work.

    Recommends
    Positive Outlook
    No opinion of CEO
  7.  

    Difficult job, but one can be successful

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Max New York Life Insurance

    Pros

    Flexible work environment, independence, every day is different. This made it so you really had full control over how much effort you put into the job.

    Cons

    I didn't make any money at this job until about a month and a half in. They want you to prove yourself before they will make you full time and give you benefits. i guess that makes sense, but make sure you have some money saved up before you dive into a career in life insurance.

  8.  

    Horrible Work Environment - September 19th, 2014 Another "D" Day in Technology.....!!!

    • 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 Max New York Life Insurance full-time for more than 5 years

    Pros

    Can't think of any real pros here except if your just starting out in your career, take full advantage of training and education subsidiaries.

    Cons

    Well guys, another major reorganization along with major structural changes will be happening at New York Life once again. There must have been 1-dozen similar changes which have occurred over the past 3-4 years and morale for those who have survived is HORRIFIC.

    I'm talking specifically for the Technology Department.

    Word of advise for all......if your under 55 years old, don't spend another minute at this company. Based on my work-life experiences, it generally takes a few years for the organizational changes to settle in. Well anyone with half a brain who works here can attest to the fact that Senior Management are trying different plans at the expense of peoples lives and ambitions.

    Advice to ManagementAdvice

    Senior Management = HORRIFIC! TERRIBLE!! If I were a bit younger I'd leave yesterday. So close to retiring I have to suffer through your inept Management style.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  9.  

    Solid company, but they care more about their image than their agency force.

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

    I have been working at Max New York Life Insurance full-time for more than 10 years

    Pros

    Great name and unparalleled training

    Cons

    They pay significantly less do to their pension however their pension doesn't add up to what you are giving up to work for them.

    Advice to ManagementAdvice

    Don't make your partners recruit so much that they can't help develop their agents.

    Recommends
    Neutral Outlook
    Approves of CEO
  10. 1 person found this helpful  

    Best insurance company to work for in terms of support, education and compensation.

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

    I have been working at Max New York Life Insurance full-time for more than 3 years

    Pros

    Excellent training and support for new agents.
    You can't ask for a better managing partner than Mark Madgett. He is an inspiring leader who knows all the agents and cares for their success. He supports the office and all agents in the most positive, helpful and fun ways possible.

    Cons

    It's commission based and the first couple of years are generally a pay it forward investment. You need to be willing to work diligently and withstand sporadic paystubs for the first few years. This is true of most financial services job, nothing specific to this office or company.

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    very nice

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

    I have been working at Max New York Life Insurance full-time for less than a year

    Pros

    great people. lots of things to learn

    Cons

    pays a little lower than others

    Advice to ManagementAdvice

    be more on time

    Recommends
    Positive Outlook
    Approves of CEO

Max New York Life Insurance Photos

Worked for Max New York Life Insurance? Contribute to the Community!

Your response will be removed from the review – this cannot be undone.