New York Life reviews

Their training program is very small, many other firms do it a lot better. From the start they ask you for 75 names before you sign your contract, they are not trying to get leads from you. Once you sign, you're immediately thrown to the wolves. You need to have 10-15 appointments set each week, when I asked what prospecting methods I should use, I was told to go walk business to business, join some networking groups and start using LinkedIn, that was the extent to the guidance I received. So you're expected to know what to do already or ask someone for help. My office was a very competitive environment, so unless you make a friend and share all your business nobody else is willing to work together. Since it's all commission based sales, everyone wants part of your business, and my management had favorites, where they tried to get you to share your business with them. During your 1 on 1, I started to learn that management only documented the negatives from the meeting. For example if you had an outstanding week but lacked in 1 small thing, this was all they would document. I learned from and old partner that they do this, so that if you're not hitting your goals it makes it easier for them to pull your contract. My performance reviews continuously got more and more negative until my partner was screaming at me in his office, this man was not afraid to cuss you out in front of other agents. After dominating my first few months and winning top performer awards, I started to get the feeling that my partner was trying to force me out of the company and pass my book down to one of his favorites and I felt like this was confirmed when 2 other teammates of mine had quit, passed their books down to someone not on this partner's team, and received phone calls harassing them about not giving their book to his favorite. I went to the managing partner to complain about everything and he had no room to take me off the partner's team. This may be slightly unprofessional but in a business where I'm supposed to be my own boss I had to try and take control of my quality of life at work, so I stopped answering calls and emails from the partner, I went to a senior adviser for help, and stopped going to performance reviews, basically cut the partner out completely. This is when my business started to get back on track and when the partner found out that I had a very large client coming in, he reached out to me to try and come up with a plan on working with the client and how he could help. Looking back at the experience, I can't believe that I was treated this way, I have always had good relationships with my team and especially management and performance has never been an issue. During my first few meetings before joining the company they talked about positive experiences and give examples of people who had done extremely well, before choosing this career you need to be realistic, if you can't make this career on your own, it might not be a good idea to try, because you will not be met with the support that you might expect. Also any mandatory training that require you to travel come out of your pocket. Mandatory training in a city 2 hours away, I paid for gas and food. Mandatory training 2 states away, the cost comes out of my Ledger, they won't tell you about this during your interview.

Let me begin with, New York LIfe is not a company for everyone. I mean that seriously, not just because of a personality/ambition/work ethic thing we all know of but also because of life circumstances. The reviews you read on here about one having to work hard, persistent, and all around hours are true. What almost (at least no one told me) no one tells you is one thing: This career change requires a BIG, I mean VERY BIG safety net; Whether that is that you have enough money saved up to last you 6 months stress free, have a spouse or partner willing to support you financially through the time you spend here, or live rent free with your parents/family cause you just got out of college/military/other. Without this safety net, if you do not sell within your first month, life will become very hard for you without an income for you to live off of. That’s not even including the expenses you have to account for in this career like for gas (for you to drive and prospect around the city), food (because you’re going to go hungry in the middle of the day). The part of investing in gas, meals, etc. into this career is spoken about too late in the game because it’s briefly discussed while you are already training. Why is this important because ***all of your income is commission based.*** Another thing - Expect that your manager (managing partner) to push you to sell to your friends and family. Nothing wrong with that, I’m a believer in Life Insurance and think everybody should have it. Just know that not everyone will be ready or willing to listen to you, and that you should learn how to deal with the awkwardness of talking to your friends and family about their money/death. You will be pushed to sell to them because actually getting a stranger, who does not know you, to sit down with you to talk about their own personal finances/death is even more difficult to accomplish. Personal recommendation: If you have money to pursue this career change and are comfortable to ask your friends/families to speak to them about their money/death, look at your network of relationships. If you truly have a big network, example: large number of acquaintances, previous co-workers, or that barista/banker/cashier you make small talk with to pass the time then, then*, you may have a shot at this career. If you do not have a large and extensive network you have natural rapport with, keep in mind that you have a limited number of family and friends. They’re not an in-exhaustive source of prospecting.