Max Life Insurance Reviews | Glassdoor

Max Life Insurance Reviews

Updated December 4, 2017
69 reviews

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5.0
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Max Life Insurance Executive Vice Chaiman & Managing Director Rajesh Sud
Rajesh Sud
37 Ratings

69 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. "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.


  2. "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

  3. "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.


  4. "Excellent"

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

    Pros

    Great culture, even great people

    Cons

    Very large company, so some hierarchical red tape

    Advice to Management

    Keep the company on its current track


  5. 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


  6. "Clerical Worker"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Administrative Assistant in Bronx, NY
    Former Employee - Administrative Assistant in Bronx, NY
    Recommends
    Positive Outlook

    I worked at Max Life Insurance full-time (More than 10 years)

    Pros

    Great company to work. A Raise every year.

    Cons

    Don't close early for snowstorms.


  7. "Great team at New York Life"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Insurance Agent in Myrtle Beach, SC
    Current Employee - Insurance Agent in Myrtle Beach, SC
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    New York Life has the bet training in the business. They are friendly and really want you to focus on client needs and security.

    Cons

    It is a lot of information to consume in a short period of time. You have a trail period or P-Tas period to show them what you can do before you are actually a full time agent.

    Advice to Management

    Keep training and looking for the best people in and out of the business.

  8. Helpful (1)

    "Salary was completely based on commission and it was a big adjustment to this coming from salaried positions"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Insurance Agent in Sunrise, FL
    Current Employee - Insurance Agent in Sunrise, FL
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    The status of the company as an organization when it was known. Word in the South Florida market is not as well disseminated as with in other Eastern Seaboard States as New York, Delaware New Jersey and Connecticut. As a person coming from a salaried position it was difficult to adjust in this competitive environment.

    Cons

    The competitive challenge in sales. I managed my own times except for required sales meetings. I am in business for myself and so it is up to me to make my sales target.

    Advice to Management

    The company is a great company but the working environment and culture is a product of the company's managers especially the partners who manage the individual sales units. There are good managers and there are bad managers especially since their orientation is directly from their sales training and they might have very little or any sales training.


  9. Helpful (1)

    "Helping people with planning, life insurance, asset protection, retirement planning and education funding ."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Agent/Financial Services Professional in Denver, CO
    Current Employee - Agent/Financial Services Professional in Denver, CO
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Max Life Insurance full-time (More than 5 years)

    Pros

    Flexible schedule. Over six figure income when you really work hard.

    Cons

    Having to prospect for clients can be challenging.


  10. "Great opportunities as a Financial Sales Agent at NYL"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Intern - Financial Services Professional
    Current Intern - Financial Services Professional
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Max Life Insurance as an intern (Less than a year)

    Pros

    Great support through managers and experienced reps; Strong company with great products; Excellent Training; Mutual Company

    Cons

    Commission based; Hard to start; Time lag with business activities


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