Good products, some quirks - Anonymous employee New York Life Employee Review

4.0
7 Mar 2011
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Unlimited income potential One of the strongest and most admired insurance companies around Fastest underwriting I've ever dealt with

Cons

Ridiculous regulations that have little to do with common sense compliance issues It's pitched like you own your own business, but you don't. You're still subject to all sorts of regulations, and if you leave, you no longer get any trailing commissions on all your work. This is something your management doesn't want you to know: you can broker New York Life products (annuities, EVEN life insurance) through certain brokerage agreements. So why deal with all their rules and regulations when you can just broker?

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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