New York Life Reviews

Updated July 1, 2015
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3.4
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Recommend to a friend
Approve of CEO
New York Life Chairman, President & CEO Ted Mathas
Ted Mathas
484 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

890 Employee Reviews

Sort: Popular Rating Date
  1. agent

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

    I have been working at New York Life full-time

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    financial education from a-z full classroom edu. great place to learn and create a career.
    Fast and good money to be made. Balance of life and work great. After new york life no life insurance company cant compete wtih NYL.

    Cons

    3 YEARS long financial education-


  2. Warm, wonderful, nuturing environment

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

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

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    I met some of the nicest people I've ever worked with during my temporary stint at the Bala Cynwyd office of New York Life. Friendly, helpful, welcoming--everyone, at all levels.

    Cons

    None. A practically perfect work environment.


  3. Financial Planning

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

    I have been working at New York Life

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Unlimited income potential for driven individuals. it takes a while to get started about if you make it the first few years business will be rolling in.

    Cons

    They make you pay for everything, which i really don't have a problem with since I knew going in that i will be working for myself but not by myself.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Internship Experience

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at New York Life

    Pros

    Great Undergraduate Internship program in place. Gives you an opportunity to work on a full-fledged business plan with other interns. At the culmination you present your research project to senior management. Really simulates a real-life corporate experience.

    Cons

    Immediate Manager was not motivating


  6. Financial Services Professional

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

    I have been working at New York Life

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Awesome company to work for

    Cons

    All commission at first but gets you working hard


  7. Helpful (3)

    Financial Representative

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

    I have been working at New York Life full-time

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great guidance, training and support through entire career. Set up with a mentor day one really kicked off my first year of the business.

    Cons

    You cant and should not go by others negative reviews, go in and see for yourself like I did and you will not regret it or waste your time.


  8. Helpful (8)

    Insurance Sales Agent

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at New York Life full-time

    Pros

    variety of financial products and services to offer your clients a secure financial plan for their future. management staff is supportive and you can choose to work with one person one day and another one the next day.

    Cons

    the first few months on the job you are training and there's no paid or free lunch. after that your monthly pay checks are volatile due to commission based nature. some weekends you may have to attend events and can deny you your personal life.

    Advice to Management

    The only advice I have for management is that they need to know that some clients are a really pain to work with and they need to set realistic vision and goal.


  9. Helpful (2)

    registered rep

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

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

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    wide array of products and services and support to create financial plans for your clients. management staff is very supportive, new York life has a strong brand name, and you can work with whomever you want

    Cons

    volatile pay due to commission based nature. street fairs and events on Saturdays and sundays are exhausting and can kill your personal life.

    Advice to Management

    I do not have any advice to management except be realistic in expectations and realistic in desired results of the agents. working with clients is no picnic sometimes.


  10. Financial Services Professional

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

    I have been working at New York Life full-time (More than 3 years)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Unlimited potential regarding yearly salary, Fortune 100 company, freedom of schedule, significant training, pay is directly related to production, career not a job.

    Cons

    If you do not work you do not get paid. The job is 100 percent commission; there is no guaranteed salary. Must maintain certain minimums regarding production.

    Advice to Management

    Spend time hiring the right people. Quality over quantity. The company will be better off in the future if intelligent and driven individuals are hired today.


  11. Great Place

    Current Employee - CHIEF MARKETING OFFICER in Mexico City (Mexico)
    Current Employee - CHIEF MARKETING OFFICER in Mexico City (Mexico)

    I have been working at New York Life

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    People are great
    You are treated nicely

    Cons

    There are no cons I can think of



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