New York Life Reviews
Updated May 5, 2021
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Approve of CEO
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)
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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- Current Employee, more than 5 years★★★★★
Pros
Good work life balance oriented company
Cons
Sometimes to difficult to get promoted
- Current Employee, more than 3 years★★★★★
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.
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.
- Former Employee, more than 1 year★★★★★
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.
Continue reading - Current Employee, less than 1 year★★★★★
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
- Current Employee, less than 1 year★★★★★
One of the few large mutual career agency life insurance companies remaining
RecommendCEO ApprovalBusiness OutlookPros
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.
Continue reading - Current Employee, less than 1 year★★★★★
Pros
Autonomy, flexibility, the chance to help people, great compensation for sales
Cons
Sales pressure, must have good prospecting skills
- Current Employee, less than 1 year★★★★★
Pros
Very Flexible. They really invest in your success
Cons
You must be a self-starter, or you won't last long
- Current Employee, less than 1 year★★★★★
Highly respectable company, but questionable hiring practices/business model
RecommendCEO ApprovalBusiness OutlookPros
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.
- Current Employee, less than 1 year★★★★★
Pros
Managenment, Traning, Support, Senior Partner Ariel is outstanding,
Cons
100% Commision is hard to get started. But there is alot of support.
Continue reading - Current Employee, more than 1 year★★★★★
Pros
Great people, Employer Friendly, Fun Outings.
Cons
Technologies are old Pay is not par with the market range
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