Financial Planner (Former Employee) – Ridgeland, MS – December 13, 2018
I felt like the recruiters were really scraping the bottom of the barrel with recruits. One guy seriously looked like they found him on the street. I always felt like I was always pushed to be an annoying person when I was out - I couldn't just live my life - we were constantly fighting to stay at this company and I don't even know why I stayed as long as I did. I think I was chasing the possibility of making six figures in my first year. Its highly unlikely.
Sr Variable Associate (Former Employee) – York, NY – December 13, 2018
Let me say New York Life was great. My co-workers benefits and life-style was great. But there was little advancement, they said they want management to encourage job progression but there was hardly ever any movement on that. For troubled employees who would not even come in to work on time for half a year, you have job security. They just got warnings. It took a lot to be fired for misconduct but even for any other job you would be fired after the third time in a week. I applied to many internal positions that I was qualified for, but with half of them the reason the job that was opened was filled by the person who left and decided to come back. After over two years of that happening and wanting to move on I did. My managers gave me the cold shoulder after I handed my two weeks notice after they decided to pull back on a agreement we had for a work arrangement.
Great benefits, good job security
lack of advancement, little pay raises and bonuses
Licensed agent (Former Employee) – Vienna, VA – December 10, 2018
Working at NYL is 100% commission no matter what they tell you. You only get paid after selling life insurance or annuities. However even when you sell life insurance you don't know when you will be paid. You have to wait until the medical examiner sets up a meeting with the client, and for them to pass their exam to get fully paid. If you are advanced any of the money up front, and they fail the medical then you have to pay back the money to NYL! Management's communication with employees is terrible, when you ask about getting paid you'll get different answers from different people. Selling life insurance is a very competitive and stressful job, especially since its all commission.
Strong brand recognition
Bad management, low pay, all commission, stressful
Senior Internal Auditor (Former Employee) – New York, NY – December 9, 2018
NYL was very focused on employees career path and had in place a self evaluation program which required the employee to evaluate their own performance. Once complete, it was reviewed by the manager and discussed with the employee. This process encouraged improvements and allowed the employee to be a part of their own career path decisions.
Agent (Former Employee) – Myrtle Beach, SC – December 9, 2018
I trusted the managing partner to advise me honestly! Mislead when I took the job and during the job! Health insurance was $750 per month and a total joke. It's every man for himself. No culture to speak of in the office or between Agents! Favoritism, sexism and nepotism.
Life Insurance Agent and Financial Professional (Current Employee) – San Francisco Bay Area, CA – December 3, 2018
Great place to work if you're ok with a strictly commission job. They do their best to set you up for success. Having the freedom in your day is amazing but making sure you're productive with that freedom is key.
Outside sales for Life Ins (Former Employee) – Colorado Springs, CO – December 3, 2018
I was a self employed agent and could work my days either in an office or at home. I met with customers either in my office or in their home or office. Objective was for sales of various types of life insurance as well as long term care and other investment products.
Agent (Former Employee) – Lubbock, TX – December 3, 2018
The time I was in New York Life was great, it was very challenging and highly competitive, pushed to the limit and out of your comfort zone. We learned each day something new that adds value to our business.