New York Life Reviews

Updated September 4, 2015
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5.0
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New York Life Chairman, President and CEO Ted Mathas
Ted Mathas
150 Ratings

Pros
  • Great Training Programs for new Agents (in 55 reviews)

  • Solid training program and an army of product support (in 32 reviews)

Cons
  • Be prepared to hassle friends and family to buy useless products (in 37 reviews)

  • Sales intensive environment, most training is about sales, limited in products offered, no base salary (in 29 reviews)

More Pros and Cons

219 Employee Reviews

Sort: Popular Rating Date
  1. Great company

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Corporate Vice President in New York, NY
    Current Employee - Corporate Vice President in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Terrific location, well known brand with a talented group of people that are good to work with. Been here quite a while now and happy

    Cons

    Slow to change, which is typical of any company that does business in life insurance. Other than that, nothing to complain about.


  2. Manager

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager in Dallas, TX
    Current Employee - Manager in Dallas, TX
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Well educated staff, Fantastic benefits including Pension AND 401k with immediate 401K match of 100% on 3 % and 50% on 4 & 5% 37.5 hour work weeks, and excellent opportunities for advancement

    Cons

    Like most large well established companies team is not accustom to change.

    Advice to Management

    Work with current talent and be change leaders


  3. Helpful (1)

    NYL

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Associate in Washington, DC
    Former Employee - Senior Associate in Washington, DC
    Approves of CEO

    I worked at New York Life (More than 3 years)

    Pros

    At the time, it was a great company to work for. I have very good memories of my experience there.

    Cons

    From what I hear the culture has changed.


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  5. Helpful (1)

    Registered Rep

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Registered Representative
    Former Employee - Registered Representative
    Recommends
    Negative Outlook

    Pros

    Some of the brightest people and managers in the business. The best training, great products and a lot of freedom.

    Cons

    I was on straight commission and trying to get a business going during the downturn. I think they offer base salaries now.


  6. Agent

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Insurance Sales Agent in Holland, MI
    Former Employee - Insurance Sales Agent in Holland, MI
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at New York Life (More than 5 years)

    Pros

    Fantastic stable company to work for that truly desires for you to be successful.

    Cons

    It's tough. If you are not good at marketing, give up. There is about an 80% drop out rate, but if you make it, great, place to be

    Advice to Management

    None


  7. Helpful (1)

    Agent

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Agent in Portland, OR
    Current Employee - Agent in Portland, OR
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    The training here is phenomenal, they truly help you at every aspect of the job. Having more senior agents on the team is essential and they are great resources together ideas on what works and what does not. I came to New York Life for the exceptional training I heard that they had. I want to be a comprehensive financial planner and I can see that this company is going to do what it takes to get me to that point.

    Cons

    obviously commission only can be a bit scary, but there is no reward without hard work and this job is definitely not for everyone. Honestly it's what you make it, the only con about this job would be the uncertainty of if you are going to make it or not, but ultimately that relies on you.

    Advice to Management

    I love how involved management is with wanting you to be successful. I think I'm very lucky to be in the agency that I am in and also under The leadership of a great manager. No advice as of now, keep up the good work.


  8. Agent

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Planner in Billings, MT
    Current Employee - Financial Planner in Billings, MT
    Recommends
    Positive Outlook

    I have been working at New York Life full-time (More than 10 years)

    Pros

    Entrepreneurial opportunity to build your own practice. Extremely flexible way to build a business. Great opportunity for building financial planning and investment management practice.

    Cons

    If you are not entrepreneurial, you will have a very difficult time with the learning curves and sales aspects.

    Advice to Management

    Continue innovating solutions.


  9. Life insurance agent

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    It a wonderful company to work for. Any agent can expect to gain more in-depth knowledge of planning and budgeting as well as meeting goals.

    Cons

    I have no cons with this company.

    Advice to Management

    All are welcomed


  10. Helpful (1)

    A very good company to work for

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Services Professional in White Plains, NY
    Current Employee - Financial Services Professional in White Plains, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at New York Life full-time (More than 5 years)

    Pros

    The company has a strong management team and a very nice benefits. A very good working environment for women. If you work hard, you will get promotions and reach your goals.

    Cons

    Every agent and financial professional has to reach a high standard of requirements to maintain his/her contract especially after a few years of services.

    Advice to Management

    The management team works very hard to reach the company's goal. Sometimes they are under lots of pressure to reach the goal especially month end or year end.


  11. Internship

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Intern - Hourly in Sleepy Hollow, NY
    Former Intern - Intern - Hourly in Sleepy Hollow, NY
    Recommends
    Approves of CEO

    I worked at New York Life as an intern (Less than a year)

    Pros

    People who are invested in your success, Positive Culture, Noble Company

    Cons

    I think you can find cons in any job environment, but I have nothing negative to say about the company or people I worked with

    Advice to Management

    Continue to take care of your employees, and they will take care of you.



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