New York Life Reviews | Glassdoor

New York Life Reviews

Updated March 23, 2017
1,673 reviews

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Full-time Part-time

1,673 Employee Reviews

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Pros
Cons
  • The income is 100% commision with no base salary (in 66 reviews)

  • They want you to write life insurance policies to all your friends and family as leads are not provided (in 65 reviews)

More Pros and Cons

  1. Helpful (1)

    "Great company to start your career in finance and insurance"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Registered Representative in New York, NY
    Current Employee - Registered Representative in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at New York Life full-time (More than 8 years)

    Pros

    In general, you're able to take your career in any director as a Agent, Registered Representative, management in General Office, or corporate. As an Agent, you'll have unlimited products to sell, an office space to work from, software to start using from the beginning, and a team to guide you.

    Cons

    What I like about this career, everything is up to the individual. If you have the determination and organization to pursue your goals and desires - no cons.

    Advice to Management

    No advice to management


  2. "Partner, New York Life"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Partner in Orlando, FL
    Current Employee - Partner in Orlando, FL
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Entrepreneur-like opportunity and flexibility in directing your own work, combined with a Fortune 100 infrastructure.

    Cons

    Large corporate footprint with long historical position makes change difficult, especially technological changes.


  3. "New York Life"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    Former Employee - Financial Services Professional in Jacksonville, FL
    Former Employee - Financial Services Professional in Jacksonville, FL
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at New York Life full-time (More than 3 years)

    Pros

    A great place to work enjoyed my time at NEW YORK LIFE

    Cons

    Fluctuation of pay month to month


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Helpful (2)

    "Financial Service Professional"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Services Professional in White Plains, NY
    Current Employee - Financial Services Professional in White Plains, NY
    Positive Outlook
    Approves of CEO

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

    Pros

    Great training and culture, unlimited upside if you choose to do well. Company rewards you for hard work (making Council). Great commraderie. Business owner mindset

    Cons

    You MUST produce consistently in order to make it. Must find new prospect everyday. If you are not producing, benefits go away. Responsible for reversals

    Advice to Management

    When Partners recruit, please emphasize that there is NO salary. Training allowance is a bonus on top of sales. This will help with retention


  6. "Licensed Agent"

    Star Star Star Star Star
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at New York Life full-time

    Pros

    Established Company, Training is very important.

    Cons

    Nothing, no comment, need to have a lot of contacts or conections.


  7. "Great work life balance"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Associate in New York, NY
    Current Employee - Senior Associate in New York, NY
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at New York Life full-time (More than 8 years)

    Pros

    Flexible hours. Great free gym and urgent care center. Centrally located and close to a lot of transportation. A short walk from Penn

    Cons

    No career mobility. Compensation is not merit based. Lots of red tape and very little career and personal development. Collaboration with other lines of business is difficult.

    Advice to Management

    Review your career growth because there is none right now.


  8. "Agent"

    Star Star Star Star Star
    • 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

    I have been working at New York Life full-time

    Pros

    Great Guidance and Training along with work atmosphere

    Cons

    No cons that come to mind, you get what you put into it


  9. Helpful (1)

    "Good for Younger People (Who still live at home)"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I worked at New York Life full-time

    Pros

    Very open schedule, maximum autonomy, potential earnings could be very high (theoretically).

    Cons

    The training isn't that good. 100% commission. Very little consistency between partners. If you work with a "good" partner your experience will be very different from those working with a partner who hires a lot of people but then puts little to no effort towards their development. Not enough emphasis is placed on compliance training. If an agent runs into a compliance issue management will abandon you; not a personal experience but I saw it happen twice to other agents while I was there.

    Advice to Management

    Be more consistent.


  10. "Sales Intern"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Great People! everyone is willing to help

    Cons

    Tough job and environment. No money


  11. "OK if all you want to do is prospect for life insurance"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Cleveland, OH
    Current Employee - Anonymous Employee in Cleveland, OH
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at New York Life full-time (More than 8 years)

    Pros

    Nice people, better than average training

    Cons

    Prospect, prospect prospect. Focus is on Life Insurance and annuities. Minimal investment training

    Advice to Management

    Go for a more holistic approach toward training.



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