Insurance Agent - Insurance Agent New York Life Employee Review

1.0
22 May 2018
Recommend
CEO approval
Business outlook

Pros

Promise you will make a ton of money, commission, paid training for 2 tests, promise of series 6 and 7

Cons

Everything they say is a lie!!! They tell you you get a base nope you get commission only. They say you will get paid $1200 nope that’s a lie when you do get paid it’s less then $200 after months with no pay. They charge you for all their services in their offices, even using their computers Agents that go out with you steal your commission and clients. They also push you to even sell insurance at funerals. They have you take a series 6 and really you get an insurance producer license not a series 6. Terrible company

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New York Life Response
8y
Our agents are compensated for the work through commissions. Being commission based puts you in control of how much you make, which can be both exciting and challenging. In addition, we offer competitive benefits, as well as a defined benefit pension plan that makes our compensation package one of the best in the industry. During the hiring process, we are sure to provide specific detail on how our commission based structure works.

Explore other reviews about New York Life

5.0
3 June 2026
Recommend
CEO approval
Business outlook

Pros

Great brand with high levels of training and support. Good work-life balance and supportive managers who don't micromanage. Benefits include good pay, decent PTO, tuition reimbursement, bonuses. Agents enjoy full autonomy over their schedule, the ability to work with clients they choose, and untapped commission potential. Training is strong, with clear advancement paths toward financial advisor and management roles.

Cons

Commission-only structure. Agents must generate their own leads with no real structure to daily activities.

5.0
9 Oct 2015
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Right out of college, I had an opportunity with the New York Life. Being young I felt that I was at a disadvantage but I worked hard, I was relentless, and ambitious. My first full year, I was able to make a six-figure income. It wasn't easy but is medical school easy? Is law school easy? The training and development at New York Life was unmatched. I knew nothing about the Insurance and Financial Services industry until I was given an opportunity at New York Life and the training was exceptional and has led me to the success I have today.

Cons

You have to work hard, be relentless, entrepreneurial, invest a lot of time and effort into the business and above all, expect a higher standard of living and strive towards that goal every single day.

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New York Life Response
9y
Thanks for taking the time to share your feedback – we appreciate it. As you say, a successful career as an agent requires dedication and commitment. For many, including you, the professional rewards are worth it. But we do understand that starting out in this career is not always easy. That’s why we offer new agents continuous training and support, to give them the advantages they need to succeed.
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