New York Life - Great company! | Glassdoor
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There are newer employer reviews for New York Life

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Helpful (1)

"Great company!"

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Agent in Edina, MN
Former Employee - Agent in Edina, MN
Recommends
Positive Outlook
No opinion of CEO

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

Pros

NYL is a great company to work for as they do not have the cold approach where everyone is a number. They want to provide great service to their clients, a great atmosphere to their team, and great benefits if you perform.

Cons

No base income, sell or you don't make any money. Even when you are first starting out with them :-(

Advice to Management

Keep up the great work but it would improve retention if you provide a base income, at least for an initial period while your agents get their network established.

Other Employee Reviews for New York Life

  1. "Can be great, but only for a small percentage of agents with high net worth contacts"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Services Representative in Philadelphia, PA
    Current Employee - Financial Services Representative in Philadelphia, PA
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    Lots of sales and product training. Great reputation for insurance products

    Cons

    No salary. Company requires agents to pay for many things, which can really hurt financially when commissions don't go thru or get reversed. If client cancels policy in first year, NYL takes back the commissions.

    Advice to Management

    Don't charge agents to use phones, internet, E&O insurance, letterhead and company software. Can cost $125-$300 a month.


  2. "I feel life insurance is very important however, I disliked cold calling and soliciting in malls to find business."

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

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

    Pros

    If you are looking for setting your own work schedule, opportunity to make big commissions, be your own boss and be aggressive to selling while soliciting, this just may be for you.

    Cons

    No core structure or daily routines in work schedule, no stable salary or employee benefits, work schedules constantly changing vastly do to clients schedule. No projects or self rewarding accomplishment or team work.

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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