New York Life - Don't be fooled!! | Glassdoor
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There are newer employer reviews for New York Life

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Helpful (15)

"Don't be fooled!!"

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Agent in Boston, MA
Current Employee - Agent in Boston, MA
Doesn't Recommend
Neutral Outlook
No opinion of CEO

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

Pros

New York Life has a great training program. It is a solid company finacially, people recognize the name and respect it. Good place to enter the financial services industry, get your licenses, learn selling,

Cons

After six months, the company charges for the cube, phone, computer center, technology, mail box, costs are about $350.00 per month. If you have some sales fall off, and you will, its easy to be negative on your ledger. You will be pressured to sell to your friends and family, your "natural market", so people you know will stop taking your calls. They try to position the job as financial planning but in the end it is insurance sales. Every concept is handled with an insurance product. The company makes it seem like they are selective about who they bring on but they will hire anyone without a criminal past. It is a revolving door, many people leave within the first year, even people with over two years leave so it is not just new people who couldn't cut it. Desperation is the fuel that drives most of the people there. Most people are not making much money. I am nine months in and am looking to get out!

Advice to Management

Be more selective with who is hired, pay them a declining salary to help them get going, stop charging people to use the office.

Other Employee Reviews for New York Life

  1. Helpful (2)

    "Good company to work for"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Agent in Kalamazoo, MI
    Former Employee - Agent in Kalamazoo, MI
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at New York Life full-time (More than 5 years)

    Pros

    Good culture and team atmosphere, even for a bunch of self employed people. They do a good job of training agents, although some people are just not cut out for the work.

    Cons

    The company is a bit slow to adapt to changes. Much of the financial industry is doing things online and the company is somewhat behind the curve, although they are making strides.


  2. Helpful (2)

    "Strong, Stable, Fair and Generous to it's Policy Holders"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Service Professional in Denver, CO
    Current Employee - Financial Service Professional in Denver, CO
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great Training, Amazing Leadership, Fantastic Income Potential. In Denver they have fantastic leadership and training.

    Cons

    Thick skin as one is selling an intangible product. Be prepared to follow a process and make sure you are ready to run your own business as it is a commission position.

    Advice to Management

    Really focus on individual learning styles. Tailor marketing plans to the individual.

There are newer employer reviews for New York Life
There are newer employer reviews for New York Life

See Most Recent

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