New York Life

www.newyorklife.com
Employer Engaged

New York Life Reviews

Updated 4 March 2015
Updated 4 March 2015
865 Reviews
3.4
865 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
New York Life Chairman, President & CEO Ted Mathas
Ted Mathas
487 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.  

    Wonderful Company to Work For

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

    I worked at New York Life full-time (more than 5 years)

    Pros

    The best thing about this company was the people. I loved going to work everyday. There was opportunity to advance.

    Cons

    There was a reorganization every year so you never knew what department your unit would be under and how management would change.

    Advice to ManagementAdvice

    Keep doing what you are doing and uphold the company values and mission.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Dedicated hardworking folks there

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

    I worked at New York Life

    Pros

    Family atmosphere, office culture, pay

    Cons

    work-life balance, time off policies, methods of productivity tracking

    Advice to ManagementAdvice

    Celebrate birthdays and retirements more.

    Positive Outlook
    Disapproves of CEO
  3.  

    College Intern

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - College Intern in New York, NY (US)
    Former Intern - College Intern in New York, NY (US)

    I worked at New York Life as an intern (less than a year)

    Pros

    Flexible schedule, solid company to work for. Easy access to the higher-ups. You make money at your own pace.

    Cons

    You succeed at your own pace, which can be difficult if you do not have a lot of contacts that are open to purchase the products that NYL offers.

    Advice to ManagementAdvice

    Offer some quality leads.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Great company, Strong Leadership, Requires large personal network to start out

    • 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

    Pros

    Great name and reputation, strong leadership, and potentially very financially rewarding

    Cons

    Requires a deep, numerous personal network of leads to build your business. Leads not provided until after a proven level of success.

    Advice to ManagementAdvice

    Consider a true mentor program where new Reps partner with an established rep that can coach and assist with appointments until on solid footing. Maybe even a sales assistant role for 6 months to a year in order to get established, learn, and feel some success early on.

    Approves of CEO
  6.  

    A true meritocracy

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Partner in Melville, NY (US)
    Current Employee - Partner in Melville, NY (US)

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

    Pros

    New York Life agency is a probably the purist meritocracy in corporate america today. Want to get promoted? It's in black and white on how to and all based on your merit, not company politics.

    Cons

    There is no "show up money." Some people are afraid of that and probably shouldnt have been hired in the first place.

    Advice to ManagementAdvice

    None. Structure is perfect. I will continue to get promoted based on my merit.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Awesome experience

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

    I have been working at New York Life

    Pros

    The sky is the limit. Prospect whoever you want. Work with families, high net worth, low net worth, companies. Anything!

    Cons

    You manage your own time so you have to be very disciplined.

    Advice to ManagementAdvice

    Keep doing what you are doing but upgrade the technology.

    Recommends
    Positive Outlook
    Approves of CEO

    New York Life Response

    Feb 16, 2015Sr. Partner

    Thank you for your review, and what you do every day for your clients and the company.

    New York Life has committed over $500,000,000 through the next few years for technology improvements. The
    ... More

  8.  

    Best company I've worked for - period

    • 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

    Professional, collaborative, excellent training, nice work space and corporate culture

    Cons

    commission only, very conservative (but that is the nature of the business)

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Solid Company

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

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

    Pros

    This is a solid company with a very reputable past. NYL has the highest ratings in the industry and take a conservative approach to investing.

    Cons

    To make it in this industry, regardless of the company you choose to represent, you will have to work hard.

    Recommends
    Positive Outlook
  10. 1 person found this helpful  

    Great Company to start a career

    • 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

    Low start-up costs, they give you all the tools you need to succeed.

    Cons

    This job is not for everyone. You must be willing to go without pay for the first few months until you develop the skills needed to succeed.

    Recommends
    Positive Outlook

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