New York Life Reviews

Updated May 5, 2021

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3.9
71%
Recommend to a Friend
94%
Approve of CEO
New York Life Chairman, President and  CEO Ted Mathas
Ted Mathas
1,508 Ratings
Pros
  • "Great training & leadership to make me successful in this new career(in 213 reviews)

  • "Training program is one of the best(in 116 reviews)

  • Cons
  • "100% commission only with a less than 3% chance of succeeding in the industry(in 125 reviews)

  • "Very hard to build your book of business and you really depend on your friends and family working with you and becoming your clients(in 118 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

    Ratings by Demographics

    This rating reflects the overall rating of New York Life and is not affected by filters.

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    1. 5.0
      Current Employee, more than 5 years

      Great place to work

      Feb 26, 2021 - Marketing Strategy in Tampa, FL
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Good work life balance oriented company

      Cons

      Sometimes to difficult to get promoted

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    2. 5.0
      Current Employee, more than 3 years

      Greatest Opportunity in Corporate America

      Oct 9, 2015 - Anonymous Employee in Glendale, CA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Right out of college, I had an opportunity with the New York Life. Being young I felt that I was at a disadvantage but I worked hard, I was relentless, and ambitious. My first full year, I was able to make a six-figure income. It wasn't easy but is medical school easy? Is law school easy? The training and development at New York Life was unmatched. I knew nothing about the Insurance and Financial Services industry until I was given an opportunity at New York Life and the training was exceptional and has led me to the success I have today.

      Cons

      You have to work hard, be relentless, entrepreneurial, invest a lot of time and effort into the business and above all, expect a higher standard of living and strive towards that goal every single day.

      208 people found this review helpful

      New York Life Response

      Head of Engagement Communications

      Thanks for taking the time to share your feedback – we appreciate it. As you say, a successful career as an agent requires dedication and commitment. For many, including you, the professional rewards are worth it. But we do understand that starting out in this career is not always easy. That’s why we offer new agents continuous training and support, to give them the advantages they need to succeed.

    3. 4.0
      Former Employee, more than 1 year

      Ask A lot of questions when interviewing

      Apr 21, 2021 - Financial Services Representative 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great people to work for, amazing training on the Life insurance products. Tons of support from specialists. If you want to be a life insurance agent, and have little experience this is one of the best companies to work for. They are amazing at training new talent to be successful.

      Cons

      The NY Life brokerage division is not competitive in the space. If you are looking to do more on the financial side of the business, you may find other places have more to offer. Making a living in your first 2-3 years is an up hill challenge.

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    4. 4.0
      Current Employee, less than 1 year

      Realism

      May 3, 2021 - Agent in Edison, NJ
      Recommend
      CEO Approval
      Business Outlook

      Pros

      A lot of help given to start the career, great teamwork, and great resources, if you have any questions they are more than willing to help you. Work remotely which was great.

      Cons

      They say they'll help you find clients in the beginning but you have to reach out to most of the people you know so if you not comfortable with that then its not the career for you

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    5. 4.0
      Current Employee, less than 1 year

      One of the few large mutual career agency life insurance companies remaining

      May 3, 2021 - Partner in Miami, FL
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Very stable, with a huge footprint in the insurance and financial services space. One of the few remaining mutual career agency companies. Tremendous people development resources

      Cons

      Extremely hierarchical. Management can experience burnout. Changed management retirement from a traditional pension to a cash balance plan.

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    6. 4.0
      Current Employee, less than 1 year

      Normal Sales Pressure - but huge upside!

      May 5, 2021 - Agent in Orlando, FL
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Autonomy, flexibility, the chance to help people, great compensation for sales

      Cons

      Sales pressure, must have good prospecting skills

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    7. 5.0
      Current Employee, less than 1 year

      GREAT COMPANY TO WORK FOR!

      May 5, 2021 - Insurance Agent in New York, NY
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Very Flexible. They really invest in your success

      Cons

      You must be a self-starter, or you won't last long

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    8. 2.0
      Current Employee, less than 1 year

      Highly respectable company, but questionable hiring practices/business model

      May 5, 2021 - Agent 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Flexibility of where and when you work.

      Cons

      Zero salary; commission only. Extremely hard to succeed or even meet minimum sales numbers necessary to avoid automatic termination without selling to your family and friends. It appears that New York Life's entire business model is designed to hire agents that management is fully aware will not likely stick around for long (the turnover rate is obscene), milk those agents for their personal contacts, and then dispense of them.

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    9. 5.0
      Current Employee, less than 1 year

      Great Company

      May 4, 2021 - Licensed Agent in Bethesda, MD
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Managenment, Traning, Support, Senior Partner Ariel is outstanding,

      Cons

      100% Commision is hard to get started. But there is alot of support.

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    10. 4.0
      Current Employee, more than 1 year

      Good company with great work life balance

      May 4, 2021 - Senior Associate in New York, NY
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great people, Employer Friendly, Fun Outings.

      Cons

      Technologies are old Pay is not par with the market range

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    Viewing 1 - 10 of 3,113 Reviews

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