New York Life - Opportunity for the right person | Glassdoor
There are newer employer reviews for New York Life
There are newer employer reviews for New York Life

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Helpful (1)

"Opportunity for the right person"

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Registered Representative in Lawton, OK
Current Employee - Registered Representative in Lawton, OK
Recommends
Positive Outlook
Approves of CEO

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

Pros

Excellent training program. Dedicated, caring leadership team. The POTENTIAL to earn $100k/yr total compensation. Your schedule, your hrs, but you have to earn it.

Cons

Not for everybody. Needs a self-motivated, people person with some financial cushion for the initial transition. Can be a frustrating career field if "no" gets you down. However, if you can roll with the punches, keep following the management's counsel, and not quit when the first bump in the road happens, there is a huge opportunity here.

Advice to Management

Sustain the mentorship and quality training. The team in OKC is first-class and arms you for success. Keep it up!

Other Employee Reviews for New York Life

  1. 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.


  2. "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.

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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