New York Life Insurance Agent Interview Questions

Updated Sep 12, 2014
Updated Sep 12, 2014
42 Interview Reviews

Interview Experience

Interview Experience

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Getting an Interview

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Insurance Agent Interview

Anonymous Interview Candidate  in  Arvada, CO (US)
Anonymous Interview Candidate in Arvada, CO (US)
Application Details

I applied through other source - interviewed at New York Life in March 2014.

Interview Details

Initial contact is good. As most employers. You have two initial meetings. Get to know, assessment test is for second appointment. Application, background and credit check are preformed. They go back an double check each piece of information provided. They do almost an under writing type of background check on everything. They require certain proof and it may take about 20 days of waiting before they let you know if you are accepted by NYL. Then they make you take the License testing. They tell you it's 10 days. The course website support staff say it takes 25 days and it really takes about 30 days if you have a job. Then after you pay for the license you get reimbursed. Then the State of Colorado has to approve your license. Then NYL has to approve your license. Then they have to communicate you need to provide additional information on you application. In total it may take a couple of months before you actually get approved by NYL corporate, NYL local chapter. After that process they make you sign 3 contracts. Be ready to listen. ASK for a copy. I asked for one and they never gave me one. The process takes a long time. During this time you just wait and wonder why it takes so long. Also, EVEN if you reach their sales goals, it is at their "DISCRETION" if they want to hire you "full-time" or not. Beware and ask and tell them to put it in writing if it is not correct.

Interview Questions
  • Easy interview process. It's hard to convince people to work without any sort of compensation during 3 months. If you don't reach their sales guidelines, they will hire you on what they call a "full time basis" when you are already in training and calling people for them on your own time on a full time basis. They expect for you to complete certain amount of points per day. This may take full time work that is not accounted for. I mean, they do not pay you during the vesting and hiring process - all while you are scheduled to take classes with out compensation.   View Answer
Negotiation Details
Strictly commission base. No base salary at beginning, unless you reach their sales goals, they pay for expenses and training. If you do not reach their sales goals, not a penny will be compensated for.
Accepted Offer
Negative Experience
Easy Interview

Other Interview Reviews for New York Life

  1.  

    Insurance Agent Interview

    Anonymous Interview Candidate
    Anonymous Interview Candidate
    Application Details

    I applied through a recruiter - interviewed at New York Life in February 2014.

    Interview Details

    Interview process was on the easy side. It is an all commission job so they aren't looking for people that aren't ready to put in the work, they can sense if you are going to or not right away. They are very up front and straight forward with the commission structure and how tough the business is. Great opportunity to really see what you are worth. You determine your own destiny

    Interview Questions
    • Why do you think you can strive in an all commission role?   Answer Question
    Accepted Offer
    Positive Experience
    Easy Interview
  2.  

    Insurance Agent Interview

    Anonymous Interview Candidate
    Anonymous Interview Candidate
    Application Details

    I applied through college or university - interviewed at New York Life.

    Interview Details

    Very simple, the company is looking to sell you on the position and the benefits that can come with success. They really are looking to make sure you can hold conversation, and can represent the company in a positive way. There are four interviews but after the first, they focus more on what the company offers, more than your actual skills

    Interview Questions
    Declined Offer
    Easy Interview
  3.  

    Insurance Agent Interview

    Anonymous Interview Candidate
    Anonymous Interview Candidate
    Application Details

    interviewed at New York Life in August 2013.

    Interview Details

    not specific questions. I was an interview to determine if you are outgoing person who have communications skills.I had 2 interviews and first was just talking but the second they showed me how the compensation works. There is a presentation for about 30 min showing how you get paid and get residual income.

    Interview Questions
    Negotiation Details
    No negotiation. No base salary-just commission.
    Accepted Offer
    Positive Experience
    Easy Interview
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  5.  

    Insurance Agent Interview

    Anonymous Interview Candidate  in  Bellevue, WA (US)
    Anonymous Interview Candidate in Bellevue, WA (US)
    Application Details

    I applied through a recruiter - interviewed at New York Life in January 2010.

    Interview Details

    I was contacted by a recruiter that invited me in to learn more about the business. He went through the entire process that I would do with each potential client and asked if I could do that. He explained the success rate in the industry at New York Life, talked about the manager roles available and explained the income potential was limitless. He specifically addressed the top 2% of high earners at New York Life but failed to mention that they were the top 2%.

    Interview Questions
    • Can you attain your securities license within three months?   View Answer
    Negotiation Details
    It is a standard non negotiated offer/contract.
    Accepted Offer
    Neutral Experience
    Easy Interview
  6.  

    Insurance Agent Interview

    Anonymous Interview Candidate  in  Philadelphia, PA (US)
    Anonymous Interview Candidate in Philadelphia, PA (US)
    Application Details

    I applied through college or university. The process took 2 weeks - interviewed at New York Life in May 2013.

    Interview Details

    Easy and plainness. You take a test to see how "motivated" you are to take the job. The interview was a one on one with a New York Life manager. They will review the questionnaire that you answer and proceed to ask a few other questions about availability and experience.

    Interview Questions
    • "Are you motivated?" Of course, I wouldn't have applied.   Answer Question
    Accepted Offer
    Positive Experience
    Average Interview
  7.  

    Insurance Agent Interview

    Anonymous Interview Candidate  in  Harrisburg, PA (US)
    Anonymous Interview Candidate in Harrisburg, PA (US)
    Application Details

    I applied online. The process took 6 weeks - interviewed at New York Life in August 2010.

    Interview Details

    An extended process, with at least 6-8 meetings with management. You are expected to wear formal business attire, be punctual, be prepared, First meeting is group meeting, then one on one meetings are held. A formal background check is required. You initial contract offered will be a temporary contract, with a minimum sales quota is required. If this is not met within 6 months, then you will not be offered a formal contract.

    Interview Questions
    • You will need to take a test that measured personality   Answer Question
    Negotiation Details
    Not much to negotiate
    Accepted Offer
    Positive Experience
    Difficult Interview
  8. 1 person found this helpful  

    Insurance Agent Interview

    Anonymous Interview Candidate  in  New York, NY (US)
    Anonymous Interview Candidate in New York, NY (US)
    Application Details

    I applied through a recruiter. The process took 4 days - interviewed at New York Life.

    Interview Details

    They found my resume on the wed, contacted by phone, set up an interview. Basically they were not interviewing me, but advertising this position, trying to convince me to work for them. Since it was 100% commission based position, i decided not to proceed.

    No Offer
  9. 1 person found this helpful  

    Insurance Agent Interview

    Anonymous Interview Candidate  in  Salem, OR (US)
    Anonymous Interview Candidate in Salem, OR (US)
    Application Details

    I applied in-person - interviewed at New York Life.

    Interview Details

    I met with a NY Life company representative at a career fair, where the representative asked me to complete a personality quiz/skills assessment on a laptop computer he had at the fair. So after siting in the corner and completing the assessment on the laptop, the results were emailed to the rep and I passed. The assessment was mostly geared toward evaluating your level of persistence/sales aggressiveness and what your pre-conceived ideas were concerning insurance agents in general. After chatting and going over my resume with the representative at the career fair, we set a time to meet for a formal interview.

    The formal interview took 3 hours. I was not told this would be the case so I had to miss an appointment I'd scheduled for later that day. 90% of the interview was the same NY Life representative talking at me about their company and then "using me as an example" to go through their sales pitch. This amounted to asking personal questions about my marital status ("What members of your family would you need to help out by leaving life insurance money? ...I assume you don't have a spouse or a long-term partner?"), my age ("So at what age do you plan to retire? ...And how many years do you have until then?"), and my current financial situation (how much money I had in my checking, savings, and any assets/liabilities I had). These questions were incredibly invasive and I can honestly say I was so taken aback by the questions that I ended up answering most of them out of shock. I even told him that I'd never had an interview where an employer asked me about my bank account and he just shrugged it of: "Well we're just having fun here, and you are interviewing with a financial agency after all..."

    I really can't recommend NY Life. In the end, they seem to care less about the agents they're hiring and more about the company's reputation. I was even told that "When you're starting out, if you clearly don't have much experience, you can't win people over because of who you are or your dedication to the job, you win them over because of the company you work for."

    Interview Questions
    • I wasn't expecting to be asked about my financial status and then told what my net worth was according to the interviewing agent.   Answer Question
    Declined Offer
  10.  

    Insurance Agent Interview

    Anonymous Interview Candidate
    Anonymous Interview Candidate
    Application Details

    I applied online - interviewed at New York Life.

    Interview Details

    Just a bunch of questions

    Interview Questions
    Accepted Offer

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