New York Life
3.3 of 5 661 reviews
www.newyorklife.com New York, NY 5000+ Employees

New York Life Reviews

Updated Jul 7, 2014
All Employees Current Employees Only

3.3 661 reviews

                             

85% Approve of the CEO

New York Life Chairman, President & CEO Ted Mathas

Ted Mathas

(389 ratings)

56% of employees recommend this company to a friend
661 Employee Reviews
Relevance Date Rating
in

Review Highlights

Pros:
  • "They provide a great training ground for how to sell and scripts to use when selling"
    in 45 reviews
  • "The training program is very intense and really helps to make a very successful agent"
    in 25 reviews
Cons:
  • "Be prepared to hassle friends and family to buy useless products"
    in 29 reviews
  • "Over hyped training and no base pay or even a draw"
    in 24 reviews
  • Show more review highlights

Reviews

    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Approves of CEO

     

    Career at NYL

    Agent (Current Employee)
    Bala Cynwyd, PA

    Prosflexible work/life balance
    no defined territories
    management opportunity within 2 years of council performance
    unlimited income
    training allowance and bonuses to aid in start up of career
    benefits and 401k
    great training and support systems in place
    pension and renewals

    Consneed discipline to self manage work load
    need continued edu
    need firm understand insurance and financial products to be successful
    can be discouraging at time being commissioned based with no renewals in the beginning

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           

     

    Hard Career, Good Company

    Agent/Financial Services Professional (Current Employee)

    ProsI had the pleasure of having excellent training and a partner that really cared about their agents success. The office culture was great as well. If you are successful, the compensation if outstanding.

    ConsHard to get started. With no base salary and all commission If you do not have an additional source of income at the beginning, it can place a financial strain on the individual. You also have to prospect on your own. If you are not use to this, you may not be successful.

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Approves of CEO

     

    Awesome Company!

    Intern (Current Employee)
    Columbus, OH

    ProsGreat company! A lots of room for advancement. Worked there full-time for a short time but felt that my co-workers were very hard working and positive.

    ConsNothing bad to say about the company. The month of June is very busy so be prepared to work extra hard.

    Advice to Senior ManagementContinue to train and educate employees

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
  • We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Disapproves of CEO

     

    Good Place

    Anonymous Employee (Former Employee)

    ProsGood people, new technology, good pay

    ConsDepartmentalized, some people don't do much, lots of red tape, outsourcing over seas

    Advice to Senior Managementstop outsourcing over seas

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Approves of CEO

     

    Great company. Must be willing to work long hours and push friends and family towards NYL products.

    Financial Services Professional (Current Employee)
    Southfield, MI

    ProsTraining is pretty good, depends which office you're in though.
    Earn the training trip to Dallas.
    Flexible schedule once you complete training classes in beginning months.
    Quality company.
    Potential to make serious money while working relaxed hours (only a handful of agents get to this level)

    ConsFlexible schedule will also hurt you.
    Turnover rate exceptionally high in this industry.
    Without good connections, hard work, professionalism, and a solid amount of prospecting activity, it can be incredibly difficult to put food on the table.

    Advice to Senior Management$75 is too high of a monthly charge for software when the agents are just starting out. Focus on the strengths of the agents and give them beneficial PRPs.

    Yes, I would recommend this company to a friend

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Approves of CEO

     

    Best Company for clients and employees

    Sales Agent (Current Employee)
    Raleigh, NC

    ProsFinancialy solid- Stress tests performed annually to insure that company can survive banking collapse, world war, pandemic- can pay all claims to all clients in each of those catastrophies. Excellent training designed by Harvard Business School. Excellent support for field reps.

    ConsNothing specific to this company, truly-- only the industry is a tough one to succeed in unless your have great self discipline and good people skills.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • No Opinion of CEO

     

    Great company

    Intern (Former Employee)
    Annapolis, MD

    ProsGreat team environment, healthy people and products and a great starting place.

    ConsIt takes too long to get licensed and not enough continuing support from letter of acceptance to licensing.

    Advice to Senior ManagementKeep training more flexible and open and business opportunities readily available.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • No Opinion of CEO

     

    Be prepared to do what it takes...

    Insurance Agent (Former Employee)
    Richmond, VA

    ProsControl of your own business

    ConsSelling to people you don't want to sell to

    Advice to Senior ManagementOnly hire people that are the right age for the job

    No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Approves of CEO

    1 person found this helpful  

    Best career in the world if you are up to the challenge

    Anonymous Employee (Current Employee)

    ProsGreat work life balnace. Incredible compensation if you work hard. High integrity company that does right by clients and employees.

    ConsYou must work very hard but it gets easier

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Approves of CEO

    1 person found this helpful  

    Good Experience- Enjoyed my time there

    Associate (Current Employee)
    New York, NY

    ProsI enjoyed my position in compliance. It provided an environment where no two days were exactly alike. The work was challenging but very satisfying.

    ConsSome policies that were put in place were not very effective and the reasons for the changes were not clearly communicated with staff.

    Advice to Senior ManagementMake promotion standards a little more transparent. Sometimes the work/life balance was a little off.

    Yes, I would recommend this company to a friend

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
RSS Feed Embed

Worked for New York Life? Contribute to the Community!

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

Glassdoor is your free inside look at New York Life reviews and ratings — including employee satisfaction and approval rating for New York Life CEO Ted Mathas. All 661 reviews posted anonymously by New York Life employees.