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    New York Life Reviews

    Updated July 19, 2018
    2,142 reviews

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    Full-timePart-time
    3.4
    StarStarStarStarStar
    Rating TrendsRating Trends
    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
    Cons
    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. Join the New York Life team
      See Our Latest Jobs

    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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