New York Life reviews

3.7

63% would recommend to a friend

(5,496 total reviews)
avatar

Craig DeSanto

79% approve of CEO

63% positive business outlook

New York Life has an employee rating of 3.7 out of 5 stars, based on 5,496 company reviews on Glassdoor which indicates that most employees have a good working experience there. The New York Life employee rating is in line with the average (within 1 standard deviation) for employers within the Insurance industry (3.7 stars).

Reviews by job title

5K reviews
2.0
Sep 4, 2008
Recommend
CEO approval
Business Outlook

Pros

It is a place for someone that seeks independence and is a go-getter.

Cons

The double-edged sword of being an independent producer is that if you are NOT motivated or you don't know how to accept "no" as a daily answer, you probably won't make it. Perseverence and a "next" type of attitude WILL help you succeed in this business!

2.0
Aug 26, 2008
Recommend
CEO approval
Business Outlook

Pros

If you don't like to actually do a lot of work, or expect to be compensated for working hard, NYL is a good place to work. Granted, I've only been here for a few months, but it seems like people work maybe 3 hours a day. The gym is a nice perk, and the 401k plan is fairly comprehensive. Health insurance includes a PPO option, which is nice.

Cons

The company is stuck in an old school model that expects loyalty, and therefore does not work to keep employees. It seems like a given that a good full time job will encourage employees to do grad school, but NYL does not pay for grad school past the first $2,500 per year. They offer a pension plan, which is a useless benefit for the 20-somethings (like me) that they hire and train, and only goes to show how out of touch they are with today's employee-employer expectations. I don't plan to stay for 40 years, especially given the dearth of promotions and mobility I've seen.

4.0
Aug 26, 2008
Recommend
CEO approval
Business Outlook

Pros

Training, Training, Training. They invest a hell of a lot of time and money in training a new agent to understand and sell financial products. Management, and your peers always want to help a new agent succeed, whether it's spending time in the field, or some quick tips to make life easier - NYL does a great job of making sure you don't have to reinvent the wheel. They also do a great job of helping to build referral business - a crucial part of a new agent's success.

Cons

For an agent - it's a sales job (think commission only!), so you'll only earn money if you sell. The pay plans are good, better then many of their competitors - but you need to sell, sell and keep selling to make a living. It's a tough job, often with long hours, a lot of rejection involved - so be prepared. Usually managers will send you out to do "surveys" before they offer to take you on as an agent in training. Don't cheat and give this to your best friends and family. Try to do these with complete strangers or "friends of a friend of a friend" to see how comfortable you are discussing a person's finances with them

Viewing 5485 - 5487 of 5,496 Reviews

Glassdoor has 6,536 New York Life reviews submitted anonymously by New York Life employees. Read employee reviews and ratings on Glassdoor to decide if New York Life is right for you.