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Max Life Insurance Reviews

Updated January 17, 2018
229 reviews

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3.9
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Approve of CEO
Max Life Insurance Executive Vice Chaiman & Managing Director Rajesh Sud
Rajesh Sud
93 Ratings

229 Employee Reviews

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Pros
Cons
  • You have a trail period or P-Tas period to show them what you can do before you are actually a full time agent (in 5 reviews)

  • Low Salary career opportunity growth plan (in 4 reviews)

More Pros and Cons

  1. "Best in the Insurance industry"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Houston, TX
    Former Employee - Anonymous Employee in Houston, TX

    I worked at Max Life Insurance (Less than a year)

    Pros

    Great colleagues, great policies, knowledgeable seniors, good culture.

    Cons

    Believes in being too much centralised which, delays the work at all levels. Average infrastructure at the regional offices, work life balance suffers


  2. "Associate"

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

    Pros

    Amazing company culture that no other company will offer

    Cons

    People say that salaries are a lot higher elsewhere in other industries

  3. Helpful (3)

    "Same old training for the past 160 years"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Insurance Agent in Los Angeles, CA
    Former Employee - Insurance Agent in Los Angeles, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    recognized brand, established company, long history.

    Cons

    no salary, lots of sells training, and product training is mostly insurance products, no leads, unless you want to buy them out of your own pocket. Good for someone who is aggressive sales person and has lots of contacts and friends, specially affluent ones, otherwise it will be difficult to survive the first year let alone the first 3. All insurance companies have the same tried and true system of hiring lots of new people every month or two, have them sell to all their friends and family, and then most will quit because it isn't easy to sell to strangers.

    Advice to Management

    A decent base salary and benefits would be nice, instead of exploiting people to sell to their friends, and than its good bye. The systems works for them, why change it?


  4. "Great entry level position"

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

    Pros

    Started as sales agent intern and I learned a lot about life insurance by working closely with the financial advisors.

    Cons

    It can be overwhelming and slow in the business until you get hang of it


  5. "Mixed emotions"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Services Professional in Melville, NY
    Current Employee - Financial Services Professional in Melville, NY
    Recommends
    Negative Outlook
    Approves of CEO

    I have been working at Max Life Insurance full-time (More than a year)

    Pros

    New York Life is an incredibly strong company. It has one of the best reputations in the industry. As an agent you have limited products to sell but once you become registered and pass the series 6 exam. You are able to sell many more and interesting financial products. The income potential is amazing and could become quite a lucrative business. If you already have a strong network, you're already ahead of the game.

    Cons

    Some of the downsides of working for NYL is obviously that its a life insurance company. The thing that make it such a strong company is also what made me not like the business as much. You have to be ready to take a lot of rejection from family, friends and random people you meet out working the field. Also, once you say you work for New York Life, people will run out of the door because no one likes to talk about life insurance.


  6. "Insurance agent"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Insurance Agent in Mobile, AL
    Current Employee - Insurance Agent in Mobile, AL
    Recommends
    Positive Outlook

    I have been working at Max Life Insurance full-time (Less than a year)

    Pros

    Flexible schedule and great commission structure

    Cons

    first few months are rough and it's a grind but worth it in the end


  7. "Agent"

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

    I worked at Max Life Insurance full-time

    Pros

    Great leadership structure and a great team of people in the office. There were always people to assist you on any cases you were working on.

    Cons

    This is a commission job. There are no secrets or scams to how you get paid, but the constant stress of making enough money to pay your bills makes it hard to interact with clients.

    Advice to Management

    Start a referral program that generates more customer names for new agents. When clients call in they are given to established agents with bigger books of business.

  8. "Underwriter- policy Issuance & new business"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Underwriting Executive in Torrance, CA
    Former Employee - Underwriting Executive in Torrance, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Max Life Insurance (More than 3 years)

    Pros

    Work culture of the company is good

    Cons

    The compensation is low as per the work


  9. "Intern"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Intern in Vienna, VA
    Former Employee - Financial Intern in Vienna, VA
    Recommends
    Positive Outlook

    Pros

    Great Leadership. Good Location. Fun work environment. Young people around me working hard and I learned a lot from this experience

    Cons

    Small firm. Not enough leads. Kind of a slow work place. Not what I expected when coming into a Finance internship.

    Advice to Management

    Keep Working on hiring young people who can grind out the hard work. It was a really fun place to work and I learned a lot.


  10. Helpful (1)

    "Director"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - TEXAS (TX) in Dallas, TX
    Current Employee - TEXAS (TX) in Dallas, TX

    I have been working at Max Life Insurance full-time

    Pros

    Great management organization with massive support for both employees and leaders. Company innovative strategies well thought out with suffient resources to optimize critical projects.

    Cons

    Does not embrace fresh perspectives from industries outside of narrow internal industry focus


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