New York Life reviews

This company is run in a similar manor to a Multi Level Marketing organization. When you go in for your 2-3 interviews all information regarding the "job" is very vague. They will talk about all of the amazing things they have to offer ie: flexible schedule, money potential, time with family, residuals, awards, bonuses etc. As you start coming on board you attend evening training classes that will teach you how to have "the conversation" with the client because you will start off as part time. Once you've "triggered" your 1st contract you are then full time and start attending day classes. The information you receive is overwhelming and there is no formal training regarding products or systems. People will talk to you about things, that you've never heard of, as if you should know. On your 1st day you are told to show up and attend a class that no one is expecting you for and no one knows where you're supposed to go, no one even shows you where the restroom or the break room is. I didn't even know there was a break room for months. You are sent to meet and converse with people regarding their finances with no real understanding or training of how to help them. The expectation is that you the "problem" back to the office to be review by your Partner and/or team to come up with a "solution". This is how they expect you to learn about the product. I could say more but I feel like I'm rambling and whining. I did forget to mention that this is 100% commission, which is not a con in and of itself. But what they don't tell you in the interviews or almost until it's too late is that you have to pay for everything you do out of pocket. If you work an event and have to rent a booth and need supplies you pay. You will be driving a lot, so gas and maintenance costs will increase. If you want anything with company logo you'll need to buy it. I completely understand why they do this. They are preparing you to be a business owner but again none of this is disclosed before you are offered a contract. How is like an MLM? 1. Residuals (a key selling point for every MLM). 2. You are the bottom and report to a "Partner" who makes a percentage of what you sell. All the Partners report to a "Managing Partner" who makes a percentage of what each of the teams make. If I recruit some one and they are hired (everyone is by the way) I get a percentage of what they make. 3. You can make "Council" and there are different levels. If you make Council, and with every level up, you make more bonuses and you get paid your full commission sooner. You also get an office for a nominal fee.

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.