Great Company and Products, BAD Management in Grand Rapids and Okemos MI - Financial Services Professional New York Life Employee Review

2.0
Sep 23, 2019
Recommend
CEO approval
Business Outlook

Pros

You can quickly obtain many licenses in the industry by working here. It gives you a great introduction of how a firm works when the management is questionable and only out for themselves. This is a great learning experience for what to watch out for when you finally find a great place to work. Keep your eyes and ears open.

Cons

The training is terrible and the seminars they offer every few months are stale. You will spend everything you make and half of your savings just trying to work their plan on how to become "successful" (wealthy). Managers (Partners) are compensated on what you do, so there is intense pressure to submit applications for anything and everything for your family, friends and everyone you know even if its not best for them...and even if they don't qualify. There are a lot of good 'ol boys' deals going on behind closed doors and a lot of questionable ethics. I saw at least 20 agents contracting and leaving in 12 months. The high turnover is expected - Partners are compensated for signing up and getting someone through licensing. It's not a long-term investment in people. Also, you must pay them to use their software on top of everything else ($150 per month)

Explore other reviews about New York Life

5.0
Jun 12, 2026
Recommend
CEO approval
Business Outlook

Pros

They provide good benefits to employees.

Cons

The career ladder internally is limited.

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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