New York Life Reviews | Glassdoor

New York Life Reviews

Updated July 19, 2018
2,142 reviews

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3.4
StarStarStarStarStar
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Recommend to a friend
Approve of CEO
New York Life Chairman, President and CEO Ted Mathas
Ted Mathas
1,056 Ratings

2,142 Employee Reviews

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Pros
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More Pros and Cons

  1. Helpful (2)

    "Tremendous potential even after 12 years!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Managing Partner in Lubbock, TX
    Current Employee - Managing Partner in Lubbock, TX
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at New York Life full-time (More than 10 years)

    Pros

    Working for this company for 12 years has truly been an amazing experience. They have allowed me to travel all over the world, keep my spouse at home and raise our children, afford to significantly support many non-profit organizations, and help hire, coach, and develop countless other to be able to do the same. All while helping our clients save money for their future. I started with the company as a 20 year old senior in college and have many years left. I am excited and proud to show up to work every day and work with our amazing team and go on to collectively accomplish unprecedented goals!

    Cons

    Working autonomously and being blindly coachable is not for most people. If you are unwilling to do the boring mundane things day in and day out the most aren't it will be an incredible stressful and unfullfilling job.


  2. "One of the best places to build an Insurance and Financial Practice"

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

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

    Pros

    The company has a lot of integrity and will give you all the guidance necessary. After my second year, I started making MDRT and started to build a niche.

    Cons

    The first three years of this industry, in all honesty, for 99% of people is going to be hard.

  3. "Life changing!"

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

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

    Pros

    Freedom, flexibility, and you're your own boss!

    Cons

    Pay isn't steady, you are your own boss.

    Advice to Management

    Spend more time with all agents, not just favorites.


  4. "Love It"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    Current Employee - Registered Representative in Fort Wayne, IN
    Current Employee - Registered Representative in Fort Wayne, IN
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    An amazing opportunity to help individuals. I love the retirement and college planning aspects. We have diverse offerings to really make a difference in people's lives. Plus, my income is solid.

    Cons

    There are no easy days the first few years


  5. "New York Life Direct"

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

    I worked at New York Life full-time

    Pros

    Medium-Large campus near major freeways and Tampa International Airport. Great on-site gym and a brand new cafe. Modern office spaces. Great company for Diversity & Inclusion. Variety of Employee Engagement Groups and a lot of opportunities for community involvement. Good managers. Employees are given career advancement tools and direction. Depending on the department, good to awesome work-life balance.

    Cons

    Computer systems are completely out of date, connections between departments feel disjointed. There's been a significant change in culture in the last decade, it doesn't quite feel like a family anymore. We were at one time one of the best places to work in Tampa Bay but that hasn't happened in about 5 years or so.


  6. "New York Life agent"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at New York Life full-time

    Pros

    The company will teach you and motivate you all along the way.

    Cons

    Tough to get started when working for commission. There is no regular pay in the beginning.


  7. Helpful (5)

    "Great opportunity"

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

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

    Pros

    Equal opportunity! There are no favorites. You will get out of this opportunity what you put into it. The management team is awesome and the other agents are so helpful. Our main competition is ourself and there is room for everyone to succeed. Training and expense allowance the first 3 years.You owe it to yourself to try this

    Cons

    Make sure you have $$ for the first couple months until commissions start coming in. Leads are not provided, so you will be calling your warm market and working off referrals. So, if you are afraid to call friends and family, think twice about this.

  8. Helpful (1)

    "insurance agent"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook

    Pros

    flexible hours, plenty of marketing material

    Cons

    No money to be made, 98% of insurance agents do not make it.

    Advice to Management

    new sales model needed

    New York Life Response

    Jul 9, 2018 – Head of Engagement Communications

    Thank you for your feedback. A successful career as an agent requires dedication and commitment and, for many, the financial and professional rewards are worth it. We understand that starting out in... More


  9. "Good Company"

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

    I worked at New York Life full-time

    Pros

    Great benefits
    Ability to change careers within the firm
    Good pay

    Cons

    None I can think of


  10. "Third Party department is not a great way to start!! Stay away’"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Cleveland, OH
    Former Employee - Anonymous Employee in Cleveland, OH

    I worked at New York Life full-time

    Pros

    -Company Events
    -Modern upgrades to try to keep up with new technologies
    -Room for advancement

    Cons

    Agency side gets all the respect and love while the Third Party side is horrible. Poor management and lack of help. Training is way too short for a success job retention and the fact that if you fail your Series 6 exam, you will get fired. They throw a text book at you and throw you in training at the same time. Balance both, pass a hard exam or lose you job. Diversity in upper management is non existent in Cleveland Service Center.

    Advice to Management

    Mirror the agency side for third party and bring in better trainers to prepare new hires for Series 6!


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