New York Life

www.newyorklife.com

New York Life Reviews

Updated January 29, 2015
Updated January 29, 2015
834 Reviews
3.3
834 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
New York Life Chairman, President & CEO Ted Mathas
Ted Mathas
471 Ratings

Review Highlights

Pros
  • They provide a great training ground for how to sell and scripts to use when selling (in 55 reviews)

  • Their compensation package is excellent and they have a superb I mean superb training program (in 32 reviews)


Cons
  • they tell you to sell insurance to your friends and family and when you leave they treat (in 37 reviews)

  • No base salary (you will invest in the company before they invest in you) (in 29 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Solid company

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

    I have been working at New York Life

    Pros

    Great opportunity to build a business with little capitol. training, resources all available. Managers worked in the field and willing to help and share their experience.

    Cons

    It's up to me to do the work but, isn't that like any job?

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Great company

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

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

    Pros

    Good salary, good perks (half day Friday's in summer)

    Cons

    Tough to move up, lifers must leave, health benefits not good

    Advice to ManagementAdvice

    Need to communicate to employees what the business strategy is... Right now, nobody knows.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Great benefits!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - CS2 in Austin, TX
    Current Employee - CS2 in Austin, TX

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

    Pros

    Friendly staff, great benefits, great starting salaries

    Cons

    They mainly hire temps and takes too long to convert to full time.

    Advice to ManagementAdvice

    Take care of your hard workers and promote within.

    Recommends
    Positive Outlook
    Approves of CEO
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  5. 1 person found this helpful  

    It's all on you

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

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

    Pros

    Everyone seems to be hitting their goals... I think the General Office you are affiliated with makes a major difference. When your colleagues are putting up production, you will too. The products sell themselves.
    The benefits are top notch- Pension! Dental/medical etc are great and this starts when you are a triggered agent. ,

    Cons

    You need to go on 5-10 appointments every single week without fail. You won't last if you can't do that. Our office standard is 3 new appointments every day! That's very difficult to book! You need to work your warm market and be a referral machine. Everyone has thought about quitting in their first year, every single person-- Because there are tough stretches, ridiculous declination's by underwriting and reversals that you are responsible for paying. If you last 2 years, you are SET!!! Also you must get your series 6 and 63 otherwise you wont make enough money!

    Advice to ManagementAdvice

    The company goals are really for you guys. I don't see another dime if we hit our end of month numbers. The only thing that matters to me and my family is my income. However, the councils are an AMAZING bonding experience!

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Great company

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

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

    Pros

    Independence, support, compensation, training, respect

    Cons

    Must be willing to put in the full effort and take responsibility for your actions

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Great Opportunity!

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

    I worked at New York Life

    Pros

    Freedom to make your own schedule, Freedom to take your business where you want to take it. Meet great people. Very mentally and emotionally rewarding.

    Cons

    people with poor work ethic, drive or motivation will struggle. Investing money with the possibility of no Return on investment.

    Advice to ManagementAdvice

    If you take the time to teach your agents, make sure that every tool is at their disposal and figure out a way for them to grow their business that works for them your business will flourish and you will bring ALL of your agents to council!

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Great place for an Internship

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

    I have been working at New York Life as an intern (less than a year)

    Pros

    A terrific learning opportunity on every facet.

    Cons

    My manager wasn't that friendly but others took me under their wing.

    Advice to ManagementAdvice

    Keep it up!

    Recommends
    Neutral Outlook
  9.  

    Good company, good products

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

    I have been working at New York Life

    Pros

    Good products. Reputable comapny with great benefits

    Cons

    All commission and no base pay

    Advice to ManagementAdvice

    Help find ways to attract clients

    Recommends
    Neutral Outlook
    Approves of CEO
  10. 5 people found this helpful  

    Excellent company to work for - Agent

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

    I have been working at New York Life

    Pros

    The training is the best you will find. You get a training allowance (has to be earned) that helps in the beginning. There are support phone numbers that will help with any imaginable situation or question- and you don't have to wait 5 years before they pick up the phone.

    Cons

    This is a very hard job to do. Most people get burned out by the second year. Unless you have a strong warm market, you will be working 80+hrs to make 30k (if you are lucky).

    Be prepared to go months with no income in the beginning and occasionally throughout at least the first year.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  11.  

    great company, great opportunity for growth

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at New York Life

    Pros

    great training and personal development

    Cons

    slow moving big company that takes its time for everything

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