New York Life

  www.newyorklife.com
  www.newyorklife.com

New York Life Reviews

Updated 16 December 2014
Updated 16 December 2014
795 Reviews
3.3
795 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
New York Life Chairman, President & CEO Ted Mathas
Ted Mathas
455 Ratings

Review Highlights

Pros
  • They provide a great training ground for how to sell and scripts to use when selling (in 55 reviews)

  • Their compensation package is excellent and they have a superb I mean superb training program (in 32 reviews)


Cons
  • they tell you to sell insurance to your friends and family and when you leave they treat (in 37 reviews)

  • No base salary (you will invest in the company before they invest in you) (in 29 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Agents

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

    I have been working at New York Life part-time (less than an year)

    Pros

    You can work when ever you want. You are not required to check in with management unless there is an issue.

    Cons

    This is a commission based job so if you don't work then you don't get a paycheck. Trying to convince potential clients on how they can benefit from the products is a challenge.

    Advice to ManagementAdvice

    If an agent is having a difficult time they you should go out prospecting with them so they can see how you have succeeded in your career instead of just telling them to go out and do it.

    Recommends
    Neutral Outlook
    No opinion of CEO
  2.  

    Best Training in the Financial Industry

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at New York Life full-time (more than an year)

    Pros

    Best training, great support system. This is only in the greater New York Area.

    Cons

    No Marketing help, unless you become established. High out of pocket expenses. Not the best benefits, qualified for pension on your fifth year with the company.
    Once you reach your yearly goals as Executive council, you qualify to pay for your own office.

    Advice to ManagementAdvice

    great management support team.

  3.  

    Best opportunity that you will ever get!

    • 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 New York Life full-time (more than an year)

    Pros

    Flexibility, family values, great compensation package, strong benefits offerings, choose your clients, great co-workers, helpful management team, positive work environment, pay for performance, great training, lots of upward career advancement

    Cons

    commission drives your compensation, lots of compliance in the industry, lots of paperwork

    Advice to ManagementAdvice

    no comment

    Recommends
    Positive Outlook
    Approves of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    Agent- selling life insurance

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Agent in Pittsburgh, PA (US)
    Former Employee - Agent in Pittsburgh, PA (US)

    I worked at New York Life full-time (more than an year)

    Pros

    Freedom, flexible schedule and good way to get your feet wet in the industry.

    Cons

    Poor support, commission based and you're basically on your own.

    Advice to ManagementAdvice

    Offer base salary, and you will retain better employees

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  6.  

    Outstanding Comapny

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

    I have been working at New York Life

    Pros

    Create your own business and be as good as you want to be

    Cons

    You are your own boss.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Typical Sales Job

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

    I worked at New York Life full-time (more than an year)

    Pros

    Residual Income!!! Depending on how fast you build your practice, eventually you will receive renewals and will create your own base salary. So, at the beginning of the month you wont always start at zero. You are working for a trust worthy company

    Cons

    I had an overall great experience with New York Life I only left because I didn't want to sell life insurance for another 30 years....
    Personal con, so much flexibility in schedule can lead to unproductive day.

    Advice to ManagementAdvice

    If you inherit a colleagues book of business, you are still servicing the client so you should still receive the renewals

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Satisfied

    • Comp & Benefits
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at New York Life

    Pros

    Good Company to work at

    Cons

    None i can think of

    Advice to ManagementAdvice

    Good job communicationg

    Recommends
    Neutral Outlook
  9.  

    Great Place to Work

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

    I have been working at New York Life as a contractor (less than an year)

    Pros

    The products are so good they sell themselves.
    As a commission based pay scale you can make unlimited money

    Cons

    No salary, wish there was at least a small minimum you know you were taking home each month.

    Advice to ManagementAdvice

    Offer a salary and reduced commission pay option especially for young, new agents.

    Recommends
    Positive Outlook
  10.  

    Pretty good

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

    I have been working at New York Life

    Pros

    Excellent management and education support

    Cons

    Really hard to get started in the business with no base salary. However, if you sell, you will do very well.

    Recommends
    Neutral Outlook
  11.  

    Good company to work for, for the right person

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Insurance Agent in New Windsor, NY (US)
    Former Employee - Insurance Agent in New Windsor, NY (US)

    I worked at New York Life as a contractor (more than an year)

    Pros

    - unlimited potential of earnings
    - flexible schedule
    - met a good bunch of people (agents)

    Very good company for the right person, if you are a go-getter and good speaking to people then this may be a right fit for you. Expect to always be in work mode no matter where you are and whenever.

    Cons

    - 100% commission
    - could be weeks or sometimes months before you see a paycheck
    - management was young and inexperienced; had their own agendas
    - that feeling of always chasing people down.
    - have to rely heavily on other people pulling through
    - limited to what you have control over

    Felt like I was always in work mode and prospecting, always keeping my eyes/ears open for a potential client.

    Advice to ManagementAdvice

    - if you want to earn respect, really try to help people. Don't just do it for your benefit or for your gains

    Recommends
    Approves of CEO

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