Pros
This is a position where you get what you put in - period! This is not a job, but a business. If you see this as a job, then you will not be upset when you have to come out of pocket to pay for things to help you grow your business. I have been with the company now for a year. If you listen to the management team and follow the training program, you can be successful. There is a networking system that you will learn - follow it. The company offers university type training, benefits like group health, dental, vision, and 401K, and management support. In the first year, you get a lot of bonuses to help you build your business. But you must first write a certain amount of business each month to get the extra bonus money. If you do, it helps you survive when money gets low and bills need to be paid. You can get several awards that you must get in your first year. I find that the people who do not hit the ground running, tend to fail. Stay consistent, win awards, and study to find success. This is a great company to build a career but it will not be an easy journey. Find great mentors and stay positive. Do not do this business just to make money because you will fail. I love the industry and I know no matter where I go, putting in the hard work the first 3 to 5 years is crucial. So, because NYL has great products, name recognition, and is a mutual company, I have an advantage.
Cons
New York life can do a better job at being transparent in the interview stage of the process. They show you the perks, but do not share that it can be tough if you don't have a savings or significant other to help you financially when you hit rough patches. They don't share all the fees they charge you to work for them life desk, portal, ect.They don't tell you that you lose some important bonuses your second year. They don't tell you your contractual requirements during the interview, only after. They don't talk about reversals and how that can hurt your business. They don't tell quick they will let you go at the end of the year if you did not meet your contractual requirements. Also, depending on the office you work out of, there can be too many meetings that take you away from sales, which is never good.
