New York Life Reviews

Updated April 25, 2015
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  1. Helpful (2)

    I worked here

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Contractor - Insurance Agent in Waco, TX
    Former Contractor - Insurance Agent in Waco, TX

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

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    They provide excellent training all at cost to you. They provide small startup kit. Utilizes Agents to operate their Multi Level Marketing plan. Great learning environment. If you do well, there are great conventions and trips that will be all paid for.

    Cons

    You operate a businesses through this company. Any marketing ideas must be passed through a long corporate process. You must purchase the marketing products. Want you to sell to friends and family. Require you to acquire and provide that information to corporate. Does not treat you well if you leave.

    Advice to Management

    All employees provide business as well as become potential business for the company. Leaving a good impression does not merely associate to a few mere words or employed friends within the company. Becoming a little more selective in the hiring process attributes value where the company can invest a little more to help the new guy have a better jump start to succeed.

  2. Helpful (4)

    You seriously have to have the perfect type of personality for this company.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Contractor - Producer in Bellevue, WA
    Former Contractor - Producer in Bellevue, WA

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

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    Pros

    Unlimited potential. That's not saying that you'll get there. You have to sell someone on their own dream of the future. That's a tough sell.

    Cons

    You are required to fund yourself for about the first 6 months, until you can get a decent amount of commission rolling in. I didn't have that in savings, so I quit.

    Advice to Management

    Seriously, stop with the micromanaging. That and the inability to return phone calls in a timely manner. There are times I called my partner at noon and he wouldn't respond until 7pm. That got real old real fast.

  3. Helpful (1)

    It was one large pyramid scheme

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Insurance Sales Agent in Las Vegas, NV
    Former Employee - Insurance Sales Agent in Las Vegas, NV

    I worked at New York Life full-time

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Great place to meet snakes and backstabbers. You will be your only friend. Trust no one

    Cons

    Too many rah rah meetings. Took away from money making time

    Advice to Management

    No one wants to hear your stories or what you did 20 years ago. We use computers now. Be apple compatible

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  5. Helpful (1)

    Great training and leadership.

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

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

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

    Pros

    The office I was in provided a great atmosphere and all the resources you could possibly need as an agent.

    Cons

    This is a tough job. If you're lacking a natural market, you have to work twice as hard in the beginning to establish yourself.

    Advice to Management

    Keep up the great work. Try not to play favorites, although this is going to be present at just about any job in the country.

  6. Helpful (3)

    Great learning experience

    • 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

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Unlimited opportunities, sky is the limit . And it looks good on your resume

    Cons

    No base salary. The amount of hours working plus pay do not add up

    Advice to Management

    Start your new employees off with a base salary or something to get them but during training . Which can help them out with transportation ect...

  7. Helpful (1)

    Good Training Program

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

    I worked at New York Life

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

    Pros

    Good Training. Nice people. If you work the system you will be successful.

    Cons

    Long Hours to get started. Only 1 or 2 recruits from each class will go on to have a successful practice

    Advice to Management

    None

  8. Helpful (3)

    Too many changes

    • 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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Company used to have good culture.

    Cons

    Moral of the employees are down.

  9. Helpful (1)

    Agent

    • 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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Some good training about life insurance

    Cons

    Management is abusive. All risk and cost is on the employee. You run your own business but still have to answer to management. It the worst aspects of self employment and working for a company. You will be an appointment setter and telemarketer in a suit for another agent who will take half the sale. Horrible experience. Waste of time and money. Don't get into this business without 30k for startup costs.

    Advice to Management

    The reason you have 90% turnover is because you do not set your employees up for success. Management does not set up realistic expectations for new employees.

  10. Helpful (1)

    it was ok, provides me no leverage on future endeavors because every and their mother worked here

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at New York Life

    Pros

    you can make good money

    Cons

    lead program very expensive, cut throat managers, corporate structure to the t

  11. Agent

    • 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 full-time

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    lots of potential and lots and lots of talk... nothing much said...larn something about insurance industry. a few people do ok.

    Cons

    no base salary.....you pay for everything that many people end up paying out of pocket to be employed there...amazing!!!!

    Advice to Management

    pay salary and do not require meetings all the time. transportation is expensive and time in meetings is time away from welling. Thing of agents ad fact most are sruggling.

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