Buyer Beware - Anonymous employee New York Life Employee Review

2.0
Feb 28, 2011
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Compensation, benefits, work flexibility, work environment, company is profitable and stable.

Cons

One giant step backwards. The Company culture (driven by Human Resources) continues to embrace out dated processes, methodology and technology (we've done it this way for the last 50 years, why change)? In the rare instance that NYL does attempt something new and it becomes difficult or challenging, NYL immediatley withdraws and returns back to its former way. There is very little in the way of embracing change, nor is there a demonstrated appetite for improvment if it involves change. Average employee tenure may be twenty plus years, however, there seems to be a huge voluntary turnover with newly hired employees with two years or less service. The revolving door of new hires may very well be tied to the long serving, tenured leadership (in some instances, dinosaurs), which continues to resist improvement if it involves change.

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5.0
May 20, 2026
Recommend
CEO approval
Business Outlook

Pros

Great environment, helpful management and good mentorship

Cons

Hard to get recognition for merit

1
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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