New York Life Employee Reviews

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Helpful environment
Recruiting Assistant (Current Employee) –  Pittsburgh, PADecember 2, 2017
The management team are very knowledgeable and willing to aid you in your success. Although, I work remotely, due to my job description; however, the environment seems to be a positive one.
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Good Company
Financial Services Representative (Current Employee) –  Bala CynwydDecember 1, 2017
Perfect for recent college grads. Need time to build your business. Takes up all free time including nights and weekends. Great if you are a people person.
Pros
Set your own hours, training
Cons
always working, high stress
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I worked for an independent agent
Secretary, dictation, shortland, typing, phones (Former Employee) –  Las Vegas, NVNovember 29, 2017
I worked as a secretary for an impendent life insurance agent. He was elderly and only worked part-time himself. This was a slow paced office where he mostly tried to keep the policies of his clients going until he decided to retire in his old age.
Pros
My employer was slow paced with an even temperment
Cons
At times there wasn't enough work to help the job stay interesting
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Lots of time, for no pay.
Infantry Officer in the United States Marines (Former Employee) –  Columbus, OHNovember 29, 2017
If you don't speak English as a second language you have no chance of making it there if your an Afro-American.The training is top notch. It's a fast pace business so you see lots of people coming in and leaving.
Pros
Lots of training
Cons
No money
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Great place to work
Financial Services Representative (Current Employee) –  Austin, TXNovember 28, 2017
Incredible training and support from partners (office managers) to get you on your feet and get going in a very difficult business. Fair payment system that features a percentage of commission earned to salary match
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Commission-only compensation and revolving door for management
Agent and Registered Representative (Current Employee) –  Waltham, MANovember 27, 2017
Management continuity and support was somewhat lacking, and compensation based solely on quota-based commissions which made our working life stressful.
Pros
Good training
Cons
Lack of ongoing support from management
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Great place to work
Senior Administrative Assistant (Former Employee) –  Parsippany, NJNovember 27, 2017
Supported three paralegals and three attorneys in the Legal Department. Great company, actually regret having to leave at the time. Gym, cafeteria and assorted groups you can join. Many opportunities to volunteer and be of service. I have nothing but good things to say about this former employer.
Pros
Great everything.
Cons
Rotten apple here and there. But you will find that everywhere.
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Great work environment and great training
Agent (Current Employee) –  Philadelphia, PANovember 27, 2017
We attended very informational training classes regarding the products that are offered and how to attract and maintain clients. Management was extremely encouraging and helpful. The hardest part was working with mostly commission based salary. The most enjoyable part is the constant learning.
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You reap what you sow. If you take their training to heart, mind and pound the pavement, you will success.
Agent/Producer (Current Employee) –  Los Angeles, CANovember 27, 2017
Working here helped me to develop stronger organization skills and be proactive. If you want to succeed you need to put in the work. Your effort = $$$.
The training at NY Life is very thorough and best in the industry. You are not thrown into the pool and expected to swim. They take you through every step of the product and selling process.
Pros
Flexible hours
Cons
Need to be extremely self motivated and organized.
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Extremely competitive, compensation based
Agent (Former Employee) –  Melville, NYNovember 27, 2017
The hours are long and the compensation is based on sales. Within your first year you are 80% likely to fail. Basically a pyramid scheme but legal because it's within one company and the compensation can be great. Managers are only looking to attain more staff in order to grow their own salaries. You are required to provide 200 names of family and friends in order to start your sales portfolio. Very cutthroat.
Pros
make your own hours, compensation based
Cons
highly competitive, compensation based
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Great opportunity
Financial advisor (Current Employee) –  New Windsor, NYNovember 26, 2017
I honestly love this career, it's just not for everyone. Extremely challenging for beginners with no prior experience. Excellent training program but very difficult in the beginning.
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Well known company with unusual sales practices
Licensed Agent (Former Employee) –  Melville, NYNovember 20, 2017
It's a sales job where you have to work with people who are already in your network. It is usually uncomfortable and unsuccessful so as a result most people fail at this job. People with large networks can make a lot of money and the sky's the limit. This job is not for younger people with few friends who actually have money to spend.
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New York Life Insurance Co.
Insurance Agent (Former Employee) –  Woodland Hills, CANovember 20, 2017
The company primarily focuses on life products only as they believe in keeping their S & P rating high and their profitability high.

Other life products like annuities are not a priority for the company.
Pros
A national companjy
Cons
Focuses on life insurance only
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Great place to learn about the industry.
Agent / Advisor (Former Employee) –  Honolulu, HINovember 19, 2017
The best company in the industry with the best training here in Honolulu, without a doubt! The staff is friendly and very helpful. The office as a whole does everything they can to insure your success.
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Productive and energetic
Agent (Current Employee) –  New York, NYNovember 16, 2017
A typical day at the office consists of meetings, training, and prospecting. I've gained a tremendous amount of knowledge on the investment side of the business and I'm still learning. The workplace culture is extremely professional, polite and courteous.
Pros
Make own schedule
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good work place
CVP - PMO Solution Delivery & Support Manager (Current Employee) –  New York, NYNovember 15, 2017
good place to work.. work life balance. moving towards open workspace concepts. open communication with your manager. I have had a good career at New York Life as the PMO solutions delivery and Support Manager. I feel that I am looking for a growth opportunity that they do not have available at this time.
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Great job if you can close the deals
Financial Services Professional (Current Employee) –  Mount Laurel, NJNovember 15, 2017
NY life has very good training for their agents and a training allowance for agents in their first three years on sales made. However, some sort of weekly stipend should be paid out to new agents and commission payouts should be higher after training allowance ends. My first three years have been challenging, but I have always received encouragement from management. A typical day involves branding, and building new and existing relationships with prospective clients and a goal of making two appointments a day. Much flexibility with this type of work, but sometimes it's enough to set yourself up for failure.
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On the job training was excellent. People management required impovement
Insurance Agent (Former Employee) –  New Windsor, NYNovember 15, 2017
New York Life has excellent products and a great marketing presence. The push for productivity creates a stressful environment where it does not allow the sales force to develop a client base in the right manner to become a successful agent.
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I love NYL
CUSTOMER SERVICE REP (Current Employee) –  Cleveland, OHNovember 14, 2017
I love this company and would recommend it for any one that is looking for a positive work enviorment with room to advance from within. Manager are more than willin to help with life situation, and even allow flexible schedules,
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Good ol boys club
Agent (Former Employee) –  Fort Wayne, INNovember 13, 2017
If you want to work in an environment where agents do everything they can to undermine each other, go through ridiculous amounts of training and meetings your first 2 years and be pressured to sell to your family and friends, apply to be an agent. Otherwise, you'd be better off working at WalMart.
Pros
Semi-flexible schedule
Cons
Everyone is only out for themselves
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Overall rating

3.8
Based on 1,464 reviews
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Ratings by category

3.6Work/Life Balance
3.5Compensation/Benefits
3.1Job Security/Advancement
3.4Management
3.5Culture