New York Life

  www.newyorklife.com
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New York Life Reviews

Updated 18 August 2014
Updated 18 August 2014
713 Reviews

3.3
713 Reviews
Rating Trends

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

Review Highlights

Pros
  • They provide a great training ground for how to sell and scripts to use when selling (in 48 reviews)

  • Their compensation package is excellent and they have a superb I mean superb training program (in 27 reviews)


Cons
  • Be prepared to hassle friends and family to buy useless products (in 32 reviews)

  • No base salary (you will invest in the company before they invest in you) (in 26 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1. 1 person found this helpful  

    The Company You Keep

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

    Pros

    I have worked with New York Life for some time now and, they are the most hands on company around for their clients as well as their agents and partners.

    Cons

    Relaying the importance to the clients how essential life insurance really is.

    Advice to ManagementAdvice

    Keep up the good work.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    It is A great place to work

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

    Pros

    The support the place gives you

    Cons

    Tough all the prospecting and cold calling

    Recommends
    Negative Outlook
    Approves of CEO
  3.  

    Great place to work but OUTDATED on technology

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

    Pros

    Nice staff/agents/training provided. You get in what you put. Some agents make 30k a year, some make 400k+ a year.

    Cons

    Commission based income. High risk high reward business

    Advice to ManagementAdvice

    Update technology. Dont be on the backs of agents 24/7. Motivate with incentives instead

    Recommends
    Neutral Outlook
    No opinion of CEO
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  5.  

    Good internship experience

    Current Employee - Intern - Hourly  in  Providence, RI (US)
    Current Employee - Intern - Hourly in Providence, RI (US)

    Pros

    They have a great training program for their agents and interns. Good office environment with unlimited room for growth.

    Cons

    Only had limited time at this firm but it is strictly commission based which is tough for many people.

  6.  

    "Nice Place To Work"

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Customer Service Representative  in  Dallas, TX (US)
    Former Employee - Customer Service Representative in Dallas, TX (US)

    Pros

    This company has opportunities to advance, great benefits, stock options, life insurance options for the whole family at a discount and great pay ranges with annual increases. The staff are nice and you work as a team. Most people never leave and usually retire from here so that says a lot about the company!

    Cons

    The hours can be demanding and stressful at times. Although you can advance or change departments it is sometimes difficult because most people retire so you have to wait your turn. They are very strict on times and attendance so if you want a flex job this is not the one for you!

    Advice to ManagementAdvice

    Lessen up on the micro management and allow your employees a little time to break and breath. Have more company functions and help out the community more. Stop hiring in mass quantities just to lay people back off when it gets slow, train your current employees how to do the jobs you are hiring for and take notice of the ones that want to learn new tasks.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    A truly rewarding internship experience.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Licensed  in  Lutherville Timonium, MD (US)
    Former Employee - Licensed in Lutherville Timonium, MD (US)

    Pros

    Their internship program allowed you to immerse yourself completely in their business. At the beginning of the program you are challenged with the task of passing the State Licensing exam, and then from there you are fully involved in the business.

    Cons

    With the internship program, at times you are limited to the "advisors" that you are paired up with. This can be a good, and a bad thing. If you're matched with someone new or inexperienced in the field, your opportunity within the internship will only expand as far as their grasp.

    Advice to ManagementAdvice

    Have your Interns paired with financial advisors who are successful and experienced within the business.

    Recommends
    Positive Outlook
    Approves of CEO
  8. 1 person found this helpful  

    A good opportunity for the right person

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

    Pros

    Excellent training program, great products, good support structures

    Cons

    Prospecting is the most important part of this job and this component can be very challenging - especially when your personal/warm market runs out. People can become defensive/hostile when you ask them specific questions about their financial situation, which is a required part of the first appointment FNA (financial needs analysis). I personally disliked this part so much I chose not to continue on as an agent. For the right person, however, this job can be a good fit. It's possible to make an excellent income in time with this job.

    Recommends
    No opinion of CEO
  9.  

    Summer Intern

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

    Pros

    variety of work given to me

    Cons

    a lot of busy work/administrative work

    Advice to ManagementAdvice

    Give interns more relevant work

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Strong Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Registered Representative  in  Fort Collins, CO (US)
    Former Employee - Registered Representative in Fort Collins, CO (US)

    Pros

    Great training. Very conservative work environment.

    Cons

    Lead programs/Marketing was virtually nonexistent.

    Advice to ManagementAdvice

    N/A

    Recommends
    Neutral Outlook
    Approves of CEO
  11.  

    Great place to start out in the insurance industry

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

    Pros

    Lateral opportunities in all areas of the company
    Very diverse and quite liberal for a conservative company
    Compensation is comparable

    Cons

    Discourage interns from working overtime

    Recommends
    Neutral Outlook
    Approves of CEO

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