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New York Life

Engaged Employer

New York Life

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New York Life Employee Reviews about "insurance"

Updated Jun 26, 2022

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Found 446 of over 4,558 reviews

3.8
67%
Recommend to a Friend
78%
Approve of CEO
New York Life CEO Craig DeSanto
Craig DeSanto
34 Ratings

What people are saying about New York Life

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Top Review Highlights by Sentiment

Pros
  • "Great training and resources!(in 410 reviews)
  • "The people are great and make it easy to come into work everyday!(in 226 reviews)
  • "great benefits and close to freeways(in 218 reviews)
  • "Good work life balance and you don't feel overworked or super stressed.(in 116 reviews)
  • "Great culture and comradery.(in 98 reviews)
Cons
Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

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Reviews about "insurance"

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  1. 2.0
    Former Employee

    Agent

    Aug 2, 2015 - Agent 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    The work schedule is somewhat flexible.

    Cons

    -The compensation for New York Life agents is 100% commission, despite what you may be told during an interview. There is zero guaranteed compensation. The monthly 'training allowance' for an agent is only paid to them during months in which the agent is able to earn at or above a minimum dollar amount of commission (That amount can be difficult to reach). During an interview, however, you will likely be told that the training allowance is guaranteed each month. -As an agent, you will not be paid the commission and training allowance that you've earned until you 'trigger.' Also, you will not be permitted to enroll in benefits until triggering. The triggering process is not mentioned during interviews in some cases. In order to trigger, an agent must sell at least six life insurance policies & must make at least $1,500 in commission. Reaching those numbers is not as easy as it may sound. -The number of policies sold by & the commission earned by each agent is posted on New York Life's intranet, and is also posted on a wall in certain offices. This public display of information makes a lot of agents uncomfortable. -The company-sponsored health insurance (through Aetna) is not as affordable as an interviewee may be led to believe. The health insurance alone (not including dental or life insurance) is currently $204 per month. -Agents are often told by management that the company is a 'full-service financial institution.' In my opinion, this is untrue. 85% of the company's business sold is life insurance. Having so little to market to potential clients can really limit you as an agent.

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    5 people found this review helpful
  2. 1.0