Run from this company. - Insurance Agent New York Life Employee Review

1.0
May 17, 2016
Recommend
CEO approval
Business Outlook

Pros

Literally none. If I could say there were any perks to this job it would be that you have a chance to do business with people in every walk of life which builds your people skills. Then again, you could get this same experience working at Taco Bell so I can't say this is a unique pro to NYL

Cons

Where do I begin on this one? -No base salary: if you're not being outside financed, at least for the first 6 months, good luck. -Unreal turnover: you're getting into an industry with a 90% turnover rate. -Be prepared to isolate your friends and family. -Unless you're well connected with AT LEAST 100 financially stable people who ARE READY to buy, again good luck. -Be prepared to live in poverty, even when your contract triggers: very few make it to the "six figure income" that you are brainwashed with when you first begin training. Truth is most are barely making minimum wage. -You're just a number: insurance companies such as this realize that you are more than likely not going to make it but it's no sweat to them. They're still going to receive the residuals from the business you create while you're there so it's a win win for them. The "world class training" you'll be provided will be far surpassed by the new business you create before your contact is terminated. -Be ready to work 60 plus hour weeks and travel all across the state with no compensation for your travel expenses in most cases. -Diligence will not get you success: I did everything by the letter making it to the two year mark, which is pretty good in an industry where 90% don't make it past 90 days, and I was laughed at when I did my tax returns.

Explore other reviews about New York Life

5.0
Jun 3, 2026
Recommend
CEO approval
Business Outlook

Pros

Great brand with high levels of training and support. Good work-life balance and supportive managers who don't micromanage. Benefits include good pay, decent PTO, tuition reimbursement, bonuses. Agents enjoy full autonomy over their schedule, the ability to work with clients they choose, and untapped commission potential. Training is strong, with clear advancement paths toward financial advisor and management roles.

Cons

Commission-only structure. Agents must generate their own leads with no real structure to daily activities.

5.0
Oct 9, 2015
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Right out of college, I had an opportunity with the New York Life. Being young I felt that I was at a disadvantage but I worked hard, I was relentless, and ambitious. My first full year, I was able to make a six-figure income. It wasn't easy but is medical school easy? Is law school easy? The training and development at New York Life was unmatched. I knew nothing about the Insurance and Financial Services industry until I was given an opportunity at New York Life and the training was exceptional and has led me to the success I have today.

Cons

You have to work hard, be relentless, entrepreneurial, invest a lot of time and effort into the business and above all, expect a higher standard of living and strive towards that goal every single day.

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New York Life Response
9y
Thanks for taking the time to share your feedback – we appreciate it. As you say, a successful career as an agent requires dedication and commitment. For many, including you, the professional rewards are worth it. But we do understand that starting out in this career is not always easy. That’s why we offer new agents continuous training and support, to give them the advantages they need to succeed.
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