Good company with local management issues - Financial Services Professional New York Life Employee Review

3.0
4 Sept 2010
Recommend
CEO approval
Business outlook

Pros

Advancement Potential Theoretically unlimited income Great company strength Great national reputation Good product lines for life, annuity, LTC Strong focus on education

Cons

Harsh management style (although they are finding a new Managing Partner) No base pay at all, training income is all tied to production as bonuses. Often-surly and incompetent office staff Like every insurance company, they will tell you that you will be fully in control of your income. This is nonsense, no other career puts control of your income in so many different hands. This is also one of the few careers which will make lifelong friends, family, and many prospects regard you with suspicion and paranoia.

Explore other reviews about New York Life

5.0
20 May 2026
Recommend
CEO approval
Business outlook

Pros

Great environment, helpful management and good mentorship

Cons

Hard to get recognition for merit

1
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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