New York Life reviews

3.7

62% would recommend to a friend

(5,473 total reviews)
avatar

Craig DeSanto

76% approve of CEO

62% positive business outlook

New York Life has an employee rating of 3.7 out of 5 stars, based on 5,473 company reviews on Glassdoor which indicates that most employees have a good working experience there. The New York Life employee rating is in line with the average (within 1 standard deviation) for employers within the Seguros industry (3.6 stars).

Reviews by job title

5K reviews
3.0
Feb 11, 2021

Ehhh...

Recommend
CEO approval
Business Outlook

Pros

Excellent Training with a Flexible Schedule

Cons

!!!Listen to me: No matter what they say they will require you sell to your friends and family!!! If you're ok with that cool. If you want to alienate yourself from your friends and family, this is the job for you. I almost took a job with NW Mutual but hated they made you sell to your friends and family. I went with NYL because I was told I didn't have to do that. Definitely "Frat Boy" mentality, even amongst the women. If the "partners" get nervous they would rather let you go then actually work with you. Takes a long time to get contracted and you have to pay for all your contracting and appointments for the company. No real help to get on your feet. Since this is a 1099 position you are responsible for all costs, even all marketing materials. Come to this job with money in the bank...you'll need it!

2.0
Jan 6, 2018

Agent

Recommend
CEO approval
Business Outlook

Pros

Pros are that the training is excellent in the classroom regarding the products and the consultants are very knowledgeable

Cons

The office has too many agents that are all hitting up the same market. There are around 100 agents fighting for the same market not including all the agents from the competition. The established agents are like a bunch of vultures that pretend to be your friend so you can bring them in on your sales because they ran out of their warm markets and they need your sales to help them keep their contract. Also, they do this because there is no field training so your kind of forced to bring them in on your market and split your commission with them. They pressure you to buy policies on yourself and your immediate family and to hit up your family and friends for policies. They require a list of 200 names of people that you know. Once you burn through your warm market you will not make any money. The leads that they sell agents are terrible and your required to purchase their mailers which are very expensive. If you want to work over 50 hours a week, spend a lot of money and make very little then this is the opportunity for you. Your enticed by a training allowance but the policies you write will probably get declined and you will have to work your way out of a negative ledger balance so you will not get the training allowance so you can go months with out any pay after you trigger your contract because those policies will probably get declined. You should ask for a copy of your contract and read it so you will know how much commissions that you will have to make in a month to keep your contract. I do not recommend this type of career for a person who has a family or someone who wants to make a living unless you want to work over 50 hours a week and go months with out money and have a large network of people who you can hit up for policies and sell other services to.

2.0
Sep 15, 2016

Walking dead

Recommend
CEO approval
Business Outlook

Pros

Can't really think of any. Many people have said it was a great place to work at one time but I never experienced it. Full of "nice-nasty" people...very phony.

Cons

The environment is one where everyone is pretty much waiting to be told they layoff date has arrived so the morale is in the toilet.

Viewing 31 - 33 of 5,473 Reviews

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