New York Life

www.newyorklife.com

New York Life Reviews

Updated January 31, 2015
Updated January 31, 2015
839 Reviews
3.3
839 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
New York Life Chairman, President & CEO Ted Mathas
Ted Mathas
475 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. 1 person found this helpful  

    Entrepreneur Opportunity

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at New York Life

    Pros

    Being a business owner with a world class company that has little competition

    Cons

    Commission based salary during required training.

    Advice to ManagementAdvice

    Required training is too stringent considering there is no income without commission.

  2.  

    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
  3.  

    Great company

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

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

    Pros

    They give you all the tools you need to succeed.

    Cons

    You are in business by yourself for the most part, numbers are all it matters to the partners and everyone in corporate.

    Advice to ManagementAdvice

    Role play more with your agents

    Recommends
    Positive Outlook
    No opinion of CEO
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  5.  

    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
  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 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
  8.  

    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
  9. 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
  10.  

    Financial Service Representative

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Financial Services Representative in Chicago, IL
    Former Employee - Financial Services Representative in Chicago, IL

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

    Pros

    Learned and continue to educate people on the importance of life insurance and retirement planning.
    Networking and speaking with groups of people.

    Cons

    The up and down stress level wrecked havoc on my body. Too stressful.
    My internal competition (with high affluent clients) got awards and accolades, while my efforts with regular everyday people, who needed our services, did not produce the $$ to win awards. (Once I had 10 more clients, than the person who won the award, but he had $1000's more in commission than I.)

    Advice to ManagementAdvice

    Recognize all efforts of employees.

    Doesn't Recommend
    Neutral Outlook
  11.  

    Good structure for new agents

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

    I worked at New York Life

    Pros

    Each general office is run differently but there is a good support structure, good training and good agent payment system

    Cons

    Limited on products, each office charges its agents for different expenses and they can add up. Nyl tends to nickel and dime its agents but I can't speak for every general office

    Advice to ManagementAdvice

    Show you value agents by investing in them instead of charging them for more expenses

    Recommends
    Neutral Outlook
    Approves of CEO

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