Max New York Life Insurance

  www.maxnewyorklife.com
  www.maxnewyorklife.com

Max New York Life Insurance Reviews

Updated December 21, 2014
Updated December 21, 2014
126 Reviews
3.7
126 Reviews
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Max New York Life Insurance CEO & Managing Director Rajesh Sud
Rajesh Sud
27 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.  

    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 (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
  2.  

    Pathetic, the enire channel of Direct Sales team got vanished.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Planning Manager in Calcutta (India)
    Former Employee - Financial Planning Manager in Calcutta (India)

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

    Pros

    Very good incentive scheme. Good leave structure but Sales Managers do huge mal practice to curtail it.

    Cons

    people dont want to buy their costly policies which are so heavily burdened with policy admin charges that the investment becomes pretty bad. Hr and admin are really irrate they dont support sales team, and dont pay much heed to it.

    Advice to ManagementAdvice

    Please try to focus on company's mission and vission, at the year 2009, the entire hierarcy was changed and another pseudo position ASM was creted between FPM and DSM, so those who fulfilled the target for 6 lakh got the same promotion of Associate Sales Manager which confirms a target of 2,30,000 in 9 months. Such sordid scenario explains the poor leadership and management at top level. This place is not at all for high performers.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  3.  

    awful

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Max New York Life Insurance

    Pros

    nothing is good about max life

    Cons

    bad management work pressure no promotion

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  5.  

    Agent, Portland Oregon office

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Insurance Agent in Portland, OR
    Former Employee - Insurance Agent in Portland, OR

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

    Pros

    can somewhat set your own schedule, free office cubicle for first 3 years with free phone service

    Cons

    unless you are wealthy and/or have wealthy friends it is very hard to meet quota as far as insurance sales go. There is not help in finding new leads, except that you can buy potential leads that of course do not necessarily lead to a sale.

    Advice to ManagementAdvice

    care more about individual agents', provide ACTUAL training, give help on seminars

    Doesn't Recommend
    Disapproves of CEO
  6. 1 person found this helpful  

    Not a good overall experience.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Financial Services Professional in Rochester, NY
    Former Employee - Financial Services Professional in Rochester, NY

    I worked at Max New York Life Insurance

    Pros

    Great flexibility with time, good money if you sell

    Cons

    all commission, be careful who you trust, have fun bothering your family and friends until they don't want to talk to you

    Advice to ManagementAdvice

    don't lie

  7.  

    No independance

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

    I have been working at Max New York Life Insurance

    Pros

    Pretty good work life balance.

    Cons

    You get limited opportunity to advance, and people are superficial.

    Advice to ManagementAdvice

    Cut the fat in the management hierarchy. Too many high paid managers and not enough workers.

    Doesn't Recommend
  8.  

    Very good training compared to rest of industry. That's where the good ends.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Services Professional in Minneapolis, MN
    Former Employee - Financial Services Professional in Minneapolis, MN

    I worked at Max New York Life Insurance full-time (more than 10 years)

    Pros

    You are given enough ability to go make the company $$ but it costs a lot of money to run your office.

    Cons

    There are NO ethics. If you are a producer you get special treatment and management will look the other way if there are indescressions. So if you have no morals or ethics the Minnesota general office is the place for you. I was there 11 plus years and gave it all up not to be associated with them anymore

    Advice to ManagementAdvice

    It's been given and ignored at the GO level repeatedly.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  9.  

    From Excellent place to work to marginal

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

    I worked at Max New York Life Insurance full-time (more than 10 years)

    Pros

    The pay is good and there are a lot of good people that work you. There is a generous vacation policy, but benefits are being eroded year after year.

    Cons

    senior management is out of touch, there have been many re-orgs and lay-offs over the past 5 years. No stability, and no job security.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10.  

    Was Very good, since Joining but Worst and very drastic to see max since 1 Yrs.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Agency Development Manager in Bokāro (India)
    Former Employee - Agency Development Manager in Bokāro (India)

    I worked at Max New York Life Insurance full-time (more than 3 years)

    Pros

    Honestly, There is no any reason to work with.

    Cons

    Following hybrid model in all aspect since 1 mYr.

    Advice to ManagementAdvice

    Take care to old employees, Listen to bottom management team, dont create space between Old n New eployees. ....

    Doesn't Recommend
    Negative Outlook
  11.  

    nothing great to speak off

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Manager in Gurgaon, Haryana (India)
    Former Employee - Senior Manager in Gurgaon, Haryana (India)

    I worked at Max New York Life Insurance full-time (more than 3 years)

    Pros

    Not a very demanding organization

    Cons

    promotions are based on your relationship with your bosses

    Advice to ManagementAdvice

    get some good people at top level and the promotions should be on merit

    Doesn't Recommend
    Neutral Outlook

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