No base pay, and there's no paid training - Insurance Sales Agent New York Life Employee Review

1.0
21 Mar 2015
Recommend
CEO approval
Business outlook

Pros

Good training, lots of scope if you already have sales experience, lots of growth eithin thr company.

Cons

You cannot have a second job in this business for first three years and after that you still need to take permission from them. In the beginning they tell you that training is paid, actually its not. You need to make some sales and then they give training allowance so basically its a bonus and not training. A lot of policies were stolen by my manager and given to some other agent so that he could become fulltime as the agent does not get paid until he becomes fulltime by making atleast $2500. And the bonus is 80% of what you make and the maximum u can get by making 2900 and the training allowance will be 2300 around. And thats y I'm planning to leave it very soon. And even if you leave then u might end up paying back the commissions u earend if something happen to the case after u leave. Be careful!!

Explore other reviews about New York Life

5.0
3 Jun 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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