New York Life

  www.newyorklife.com
  www.newyorklife.com

New York Life Reviews

Updated December 22, 2014
Updated December 22, 2014
801 Reviews
3.3
801 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
New York Life Chairman, President & CEO Ted Mathas
Ted Mathas
457 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.  

    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

  2.  

    Agent- selling life insurance

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

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

    Pros

    Freedom, flexible schedule and good way to get your feet wet in the industry.

    Cons

    Poor support, commission based and you're basically on your own.

    Advice to ManagementAdvice

    Offer base salary, and you will retain better employees

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  3.  

    Best opportunity that you will ever get!

    • 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 New York Life full-time (more than an year)

    Pros

    Flexibility, family values, great compensation package, strong benefits offerings, choose your clients, great co-workers, helpful management team, positive work environment, pay for performance, great training, lots of upward career advancement

    Cons

    commission drives your compensation, lots of compliance in the industry, lots of paperwork

    Advice to ManagementAdvice

    no comment

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

    Typical Sales Job

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

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

    Pros

    Residual Income!!! Depending on how fast you build your practice, eventually you will receive renewals and will create your own base salary. So, at the beginning of the month you wont always start at zero. You are working for a trust worthy company

    Cons

    I had an overall great experience with New York Life I only left because I didn't want to sell life insurance for another 30 years....
    Personal con, so much flexibility in schedule can lead to unproductive day.

    Advice to ManagementAdvice

    If you inherit a colleagues book of business, you are still servicing the client so you should still receive the renewals

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Satisfied

    • Comp & Benefits
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at New York Life

    Pros

    Good Company to work at

    Cons

    None i can think of

    Advice to ManagementAdvice

    Good job communicationg

    Recommends
    Neutral Outlook
  7.  

    Great Place to Work

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

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

    Pros

    The products are so good they sell themselves.
    As a commission based pay scale you can make unlimited money

    Cons

    No salary, wish there was at least a small minimum you know you were taking home each month.

    Advice to ManagementAdvice

    Offer a salary and reduced commission pay option especially for young, new agents.

    Recommends
    Positive Outlook
  8.  

    Pretty good

    • 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

    Excellent management and education support

    Cons

    Really hard to get started in the business with no base salary. However, if you sell, you will do very well.

    Recommends
    Neutral Outlook
  9.  

    Actuarial (Contract)

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

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

    Pros

    Great work life balance. Very good training. Great corporate ethics. Good hourly pay. Flexible hours

    Cons

    If you work in Westchester campus, it's going to be very far away.
    Great hours would mean less pay for hourly-paid contract positions

    Advice to ManagementAdvice

    Move Westchester campus back to somewhere closer

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Insurance sales

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at New York Life

    Pros

    Good people, professional energized environment

    Cons

    Had a better opportunity, I made the choice to move on

  11. 2 people found this helpful  

    good company very helpful getting started. there is however a low retention rate for new hires and many do not stick.

    Current Employee - Financial Advisor in Philadelphia, PA
    Current Employee - Financial Advisor in Philadelphia, PA

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

    Pros

    they have very good profit sharing and its much more professional than your average insurance company. I would recommend a job with New York Life to others

    Cons

    very hard work and you are forced to do a lot of cold calls, you are pretty much selling a product so it is a sales job.. Know that going in. make sure you are ready for the challenge.

    Recommends

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