Max New York Life Insurance

www.maxnewyorklife.com
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Max New York Life Insurance Reviews

Updated March 3, 2015
Updated March 3, 2015
136 Reviews
3.6
136 Reviews
Rating Trends

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

Review Highlights

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

  • Flexible work environment, independence, every day is different (in 7 reviews)


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

  • You have a trail period or P-Tas period to show them what you can do before you are actually a full time agent (in 3 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Great team at New York Life

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Insurance Agent in Myrtle Beach, SC
    Current Employee - Insurance Agent in Myrtle Beach, SC

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

    Pros

    New York Life has the bet training in the business. They are friendly and really want you to focus on client needs and security.

    Cons

    It is a lot of information to consume in a short period of time. You have a trail period or P-Tas period to show them what you can do before you are actually a full time agent.

    Advice to ManagementAdvice

    Keep training and looking for the best people in and out of the business.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Its been a learning experience with some much to get trained in.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Agency Development Manager in Farīdābād, Haryana (India)
    Current Employee - Agency Development Manager in Farīdābād, Haryana (India)

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

    Pros

    Their training modules for our development, the training by Kinder brothers is one such aspect.

    Cons

    New to the sector and a lot to grasp.

    Advice to ManagementAdvice

    Training modules should be selected by company for the employees and not the either way around systematically with rite amount of gap in between the training's.

    Recommends
    Positive Outlook
    Approves of CEO
  3. 1 person found this helpful  

    Salary was completely based on commission and it was a big adjustment to this coming from salaried positions

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

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

    Pros

    The status of the company as an organization when it was known. Word in the South Florida market is not as well disseminated as with in other Eastern Seaboard States as New York, Delaware New Jersey and Connecticut. As a person coming from a salaried position it was difficult to adjust in this competitive environment.

    Cons

    The competitive challenge in sales. I managed my own times except for required sales meetings. I am in business for myself and so it is up to me to make my sales target.

    Advice to ManagementAdvice

    The company is a great company but the working environment and culture is a product of the company's managers especially the partners who manage the individual sales units. There are good managers and there are bad managers especially since their orientation is directly from their sales training and they might have very little or any sales training.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    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 (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
  6.  

    Great opportunities as a Financial Sales Agent at NYL

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

    I have been working at Max New York Life Insurance as an intern (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
  7.  

    good work culture

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Contractor - Human Resources Contractual in Gurgaon, Haryana (India)
    Former Contractor - Human Resources Contractual in Gurgaon, Haryana (India)

    I worked at Max New York Life Insurance as a contractor (less than a year)

    Pros

    good pay master . timely salary

    Cons

    no recognition for temp empolyees

    Advice to ManagementAdvice

    nothing

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8. 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 (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
  9. 1 person found this helpful  

    Extremely challenging initially but high up-side potential.

    • 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 full-time (more than a year)

    Pros

    Excellent training and massive amounts of resources at your disposal. Company brand is extremely strong. Compensation structure has potential for extremely high income.

    Cons

    Company charges you, the agent, for everything. They charge you rent for your cubicle, your phone, internet, making copies, stationary, business cards, etc. Compensation is 100% commission. You will also lose "friends".

    Advice to ManagementAdvice

    With the exception of a couple senior-level managers, my experience with management was positive.

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

    They are an excellent company.

    Current Employee - Insurance Agent in Charleston, SC
    Current Employee - Insurance Agent in Charleston, SC

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

    Pros

    They give first rate training.

    Cons

    Long hours at the shop.

    Advice to ManagementAdvice

    Keep promises to your agents.

    Recommends
    Positive Outlook
    No opinion of CEO
  11.  

    Human organisation

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

    I have been working at Max New York Life Insurance

    Pros

    Nothing as such the co has a good vision for agency business

    Cons

    Nothing as such its just the right place to be if you want to be in insurance

    Positive Outlook
    Approves of CEO

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