New York Life Reviews | Glassdoor

New York Life Reviews

Updated September 20, 2017
1,859 reviews

Filter

Filter

Full-timePart-time

1,859 Employee Reviews

Sort: PopularRatingDate

Pros
  • Great training, great environment (in 147 reviews)

  • The 3 year training program is top notch in the industry (in 77 reviews)

Cons
  • Another thing - Expect that your manager (managing partner) to push you to sell to your friends and family (in 77 reviews)

  • No base salary, need to know lot's of people to hit sales goals (in 74 reviews)

More Pros and Cons

  1. Helpful (1)

    "Not for everyone"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Life Insurance Agent in Chicago, IL
    Current Employee - Life Insurance Agent in Chicago, IL
    Positive Outlook
    No opinion of CEO

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

    Pros

    I learned a lot at this job! Loved meeting new people, educating people on the importance of life insurance. Education/counseling is my passion.

    Cons

    Didn't like the selling part so much. I have been with New York Life four years now, I am surprised I lasted that long. Very high turnover. Not much support from management or other more experienced agents. Looking into jobs that involve more counseling/education.

    Advice to Management

    Support agents more. Get experienced agents on board as well.


  2. "Great Training"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Sales Representative in San Antonio, TX
    Former Employee - Sales Representative in San Antonio, TX
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at New York Life full-time (More than a year)

    Pros

    Great training program and great management

    Cons

    Not enough time for sales
    Too much paperwork

  3. Helpful (204)

    "Greatest Opportunity in Corporate America"

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

    I have been working at New York Life full-time (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.

    New York Life Response

    Sep 26, 2016 – 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... More


  4. "Great company!"

    StarStarStarStarStar
    • 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

    Unlimited opportunities proportionate to how hard you work.

    Cons

    With all commission, income can be unstable on a monthly basis.


  5. Helpful (2)

    "Agent"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Agent in El Paso, TX
    Former Employee - Agent in El Paso, TX
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I worked at New York Life full-time (Less than a year)

    Pros

    There weren't any pros associated with being an Agent.

    Cons

    Inconsistent compensation, if you get paid at all. If you don't sell, you don't get paid. You are charged for your workspace, parking, telephone line, etc., even if you don't earn anything. Very few people are successful agents who make a decent income in the El Paso Office. Agent turnover is very high.

    Advice to Management

    Care about your agents more and treat your agents like people, not numbers


  6. Helpful (1)

    "Think twice"

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

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

    Pros

    Great people to work with. Awesome internal culture.

    Cons

    Pay is not great. Mentorship program is not good. Too much work for what they pay you.

    Advice to Management

    Fix mentor program. Too many horrible mentors!! They will give you a phone book and tell you to figure it out.


  7. Helpful (1)

    "For a fortune 100 company, the technology is lacking"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Negative Outlook
    No opinion of CEO

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

    Pros

    Great work/life balance. Pretty flexible.

    Cons

    No room to grow, antiquated technology.

  8. Helpful (4)

    "Insurance Producer"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at New York Life full-time

    Pros

    Great coworkers and management team. Great incentives and health benefits discount

    Cons

    Extremely hard to make it. Very low retention rate.

    Advice to Management

    Stop saying the same things over and over trying to push the agents. Show proper directions. Show it, don't say it.


  9. Helpful (1)

    "Fair, but not easy. You get in what you get out."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Services Representative in Pittsburgh, PA
    Former Employee - Financial Services Representative in Pittsburgh, PA
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at New York Life full-time (Less than a year)

    Pros

    Autonomy, flexible hours, courteous and supportive management

    Cons

    Straight commission, have to be well connected

    Advice to Management

    The company is well run, great partners, great training, overall friendly and supportive work environment.


  10. Helpful (1)

    "New York life agent"

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

    I worked at New York Life full-time

    Pros

    Good commission (if you sell). Good training.

    Cons

    Be prepared to be a sleazy salesman. There's a reason people hate insurance agents. If you work here you'll find out why. Company expects you to probe everything with a pulse to sell insurance. Aside from term life the rest of the financial products they offer are garbage. Company makes a profit off of first year agents selling this financial filth to sympathetic friends and relatives. Poor support from upper management. This company lacks professionalism and ethics. The partners at this company would sell their own mother for a dollar, literally. My first day at work my managing partner tried to bully me into buying a whole life policy for my self so I "see how the process works". Zero salary and you have to pay for basic things that 99% of companies would normally provide you with. The companies focus is on constantly hiring new agents so they can kick profits up to the partners. They are basically a MLM/pyramid scheme. Stay far away

    Advice to Management

    Be selective with the hiring process. Teach actual prospecting methods. Make it an enjoyable place to work instead of a high stress environment.

    New York Life Response

    Sep 18, 2017 – Head of Engagement Communications

    The agent career path is not the right fit for every candidate, which is why we go through a multi-step interview process to ensure prospective agents understand what it takes to succeed. It's also... More


Showing 1,859 of 2,120 reviews
Reset Filters