New York Life Reviews | Glassdoor.co.uk

New York Life Reviews

Updated 17 Jul 2019

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Found 2426 reviews

3.5
StarStarStarStarStar
Rating TrendsRating Trends
60%
Recommend to a Friend
87%
Approve of CEO
New York Life CEO Ted Mathas
Ted Mathas
1194 Ratings
Pros
  • "Provide a great training program(in 180 reviews)

  • "Robust and comprehensive training program with extensive support from development team(in 105 reviews)

Cons
  • "Unsteady paycheck due to 100% commission based salary(in 103 reviews)

  • "No base Salary could work on that so people would stay longer(in 98 reviews)

More Pros and Cons
  1. "Great co-worker, toxic leadersip"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Agent 

    I worked at New York Life full-time for less than a year

    Pros

    Experienced agents are always willing to help out those just started out

    Cons

    If you don't make your numbers, leadership is quick to abandon you

    New York Life2019-07-17
  2. "Not bad"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Specialist 
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at New York Life full-time for more than 3 years

    Pros

    Flexible, encouraging, benefits good but not great, tuition reimbursement.

    Cons

    Under paid based on like organizations, feel distant from management, don't feel like your being watched close enough for growth.

    New York Life2019-07-17
  3. "Commission Driven"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Financial Advisor 
    Approves of CEO

    I have been working at New York Life full-time for less than a year

    Pros

    Great training and hands on help from your partner.

    Cons

    Pay is purely based on commission, which is unforgiving to new agents. You must be very driven to succeed.

    Advice to Management

    Push harder on agents when they're making calls. Be there and monitor the call sessions.

    New York Life2019-07-10
  4. "good start"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Agent in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at New York Life full-time for less than a year

    Pros

    if you don't have any experience, right place to learn and start

    Cons

    you will be ready to apply mid and high level companies, after about a year

    Advice to Management

    good making money channel

    New York Life2019-07-09
  5. Helpful (1)

    "You'll Starve to Death"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Compensation and Benefits
    • Senior Management
    Current Employee - Insurance Sales Agent in Houston, TX
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at New York Life full-time for less than a year

    Pros

    great product, solid company, great training

    Cons

    Dishonest about realistic earnings while in training., very little in field assistance from mgmt against the expectations required..too many Jr Partners relaying misguided information and directiond..withhold commissions until quota requiements are met and those requiements are not laid out clearly during hiring process.

    Advice to Management

    hire fewer people and spend time strategizing with new agents in their territory so that income can not only be produced as quickly as possible BUT more importantly PAID out to you.

    New York Life2019-07-07

    New York Life Response

    July 8, 2019Head of Engagement Communications

    Training is an important part of how we prepare our agents to meet the challenging demands of a career in insurance and financial services. New agents participate in a rigorous training program, often recognized as one of the best in the industry. Throughout the course of their career, ...

    Show More
  6. Helpful (1)

    "Senior Management"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Managing Director in New York, NY
    Doesn't Recommend
    Positive Outlook
    No Opinion of CEO

    I worked at New York Life full-time for more than 10 years

    Pros

    Very strong and recognizable brand!

    Cons

    Politics very prevalent, management not in tune with the employees!

    Advice to Management

    Be as strong as your brand!

    New York Life2019-07-06
  7. Helpful (1)

    "Good training and people but no base pay"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Agent in New York, NY
    Doesn't Recommend
    Neutral Outlook
    No Opinion of CEO

    I worked at New York Life full-time for less than a year

    Pros

    Good culture and training

    Cons

    No base pay and you only have 3 months to produce before you are terminated

    New York Life2019-07-03
  8. Helpful (1)

    "Ok"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Doesn't Recommend
    Neutral Outlook
    No Opinion of CEO

    I worked at New York Life for more than 3 years

    Pros

    Work life balance, cross department mobility

    Cons

    Outdated systems and processes, little growth

    New York Life2019-07-02
  9. "Great place, no base salary"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Agent in Woodland Hills, CA
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I have been working at New York Life full-time for less than a year

    Pros

    So much help with training, learning, licensing, marketing

    Cons

    NO BASE PAY. If you can't float comfortable for a year without pay, this will plunge you into debt. Unless you have a big book of business to get off to a running start. DO NOT count on the people you know, they will most likely not want to do business with you when you until you've been at it for a few years. Stay strong.

    Advice to Management

    More DMs and Partners needed. You guys are doing great but we are growing in agent numbers

    New York Life2019-06-19
  10. "Great place to learn and grow"

    StarStarStarStarStar
      Former Employee - Financial Planning Intern 
      Approves of CEO

      I worked at New York Life full-time for less than a year

      Pros

      Very collaborative environment, colleagues always had my back

      Cons

      Not too many come to mind

      New York Life2019-06-20
    Found 2426 reviews