Max New York Life Insurance

  www.maxnewyorklife.com
  www.maxnewyorklife.com
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Max New York Life Insurance Reviews

Updated 30 September 2014
Updated 30 September 2014
118 Reviews
3.8
118 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Max New York Life Insurance CEO & Managing Director Rajesh Sud
Rajesh Sud
23 Ratings

Review Highlights

Pros
  • Job safety for all trainers, work culture safety for all women were the real add ons (in 11 reviews)

  • Max had a very good work environment (in 7 reviews)


Cons
  • Salary is all commission based, not a great job for a student out of college (in 3 reviews)

  • lack of training due to poor trainers (in 2 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Salary was completely based on commission and it was a big adjustment to this coming from salaried positions

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Insurance Agent  in  Sunrise, FL (US)
    Current Employee - Insurance Agent in Sunrise, FL (US)

    I have been working at Max New York Life Insurance full-time for less than a year

    Pros

    The status of the company as an organization when it was known. Word in the South Florida market is not as well disseminated as with in other Eastern Seaboard States as New York, Delaware New Jersey and Connecticut. As a person coming from a salaried position it was difficult to adjust in this competitive environment.

    Cons

    The competitive challenge in sales. I managed my own times except for required sales meetings. I am in business for myself and so it is up to me to make my sales target.

    Advice to ManagementAdvice

    The company is a great company but the working environment and culture is a product of the company's managers especially the partners who manage the individual sales units. There are good managers and there are bad managers especially since their orientation is directly from their sales training and they might have very little or any sales training.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Great Company

    • Comp & Benefits
    • Work/Life Balance
    • Career Opportunities
    Former Employee - Field Representative  in  Miami, FL (US)
    Former Employee - Field Representative in Miami, FL (US)

    I worked at Max New York Life Insurance as a contractor for more than 3 years

    Pros

    Great training and benefits, if taken advantage of.

    Cons

    Too many meetings, rules, red tape.

    Recommends
  3.  

    * As an Agent & Advisor
    * Achieved ‘‘GURMANTRA AWARD’’ or logging 5 application in ‘‘0’’ Months on July, 2008.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Agent & Advisor  in  Mumbai (India)
    Former Employee - Agent & Advisor in Mumbai (India)

    I worked at Max New York Life Insurance as a contractor for less than a year

    Pros

    * Compensation
    * Business Exposure
    * Customer Service
    * Co-operative
    * Professional

    Cons

    * Sales Target
    * Less Resources
    * Lenghty Procedures
    * Large Follow-ups
    * No Incenives

    Recommends
    Approves of CEO
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  5.  

    Helping people with planning, life insurance, asset protection, retirement planning and education funding .

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Agent/Financial Services Professional  in  Denver, CO (US)
    Current Employee - Agent/Financial Services Professional in Denver, CO (US)

    I have been working at Max New York Life Insurance full-time for more than 5 years

    Pros

    Flexible schedule. Over six figure income when you really work hard.

    Cons

    Having to prospect for clients can be challenging.

    Recommends
    Positive Outlook
    No opinion of CEO
  6.  

    Big Name only!!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Assistant Manager  in  New Delhi (India)
    Current Employee - Assistant Manager in New Delhi (India)

    I have been working at Max New York Life Insurance full-time for more than 3 years

    Pros

    Employee friendly only to the extent of leaves approved by the managers in the actuarial department.

    Cons

    extremely poor annual salary hikes, no market correction given, micro management from the managers end.

  7.  

    Great opportunities as a Financial Sales Agent at NYL

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Services Professional
    Current Employee - Financial Services Professional

    I have been working at Max New York Life Insurance as an intern for less than a year

    Pros

    Great support through managers and experienced reps; Strong company with great products; Excellent Training; Mutual Company

    Cons

    Commission based; Hard to start; Time lag with business activities

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Very good company to work for

    Former Employee - Sales  in  San Ramon, CA (US)
    Former Employee - Sales in San Ramon, CA (US)

    I worked at Max New York Life Insurance full-time for less than a year

    Pros

    The benefits - the co-workers

    Cons

    The commissions are hard to get

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Financial Professional

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Services Professional  in  Edison, NJ (US)
    Current Employee - Financial Services Professional in Edison, NJ (US)

    I have been working at Max New York Life Insurance full-time for more than a year

    Pros

    Great people, Great company. Good place to start sales career.

    Cons

    Compensation structure is a little antiquated. Should consider moving away from Agency model

    Advice to ManagementAdvice

    Keep up the good work.

    Recommends
    Positive Outlook
    No opinion of CEO
  10.  

    Great Team

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Human Resources Executive  in  Chennai (India)
    Former Employee - Human Resources Executive in Chennai (India)

    I worked at Max New York Life Insurance as a contractor for less than a year

    Pros

    Hr Team and manager support was really awesome!! Would have loved to work longer... But had to quit :(

    Cons

    Politics!!! Especially south zone employees...!!! And otherwise it is fine :)

    Recommends
    Neutral Outlook
    No opinion of CEO
  11.  

    Difficult job, but one can be successful

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Max New York Life Insurance

    Pros

    Flexible work environment, independence, every day is different. This made it so you really had full control over how much effort you put into the job.

    Cons

    I didn't make any money at this job until about a month and a half in. They want you to prove yourself before they will make you full time and give you benefits. i guess that makes sense, but make sure you have some money saved up before you dive into a career in life insurance.

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