New York Life reviews

3.7

62% would recommend to a friend

(5,474 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 5,474 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
1.0
May 26, 2018
Recommend
CEO approval
Business Outlook

Pros

Nothing, unless you want to work for free and spend your own money entertaining potential clients. It’s a pyramid scheme. Last year I made 4K.

Cons

You get to ostracize your family and friends because you have to keep asking them for business. You split your commission with a senior partner. I brought in some heavy hitters and got noting in return. No guidance, no leads, no nothing. The person who I am under literally does nothing to help me grow my business. Pyramid scheme. STAY AWAY!!!

1.0
Apr 13, 2018
Recommend
CEO approval
Business Outlook

Pros

New York Life offers good benefits such as medical, dental, 401k with company match, fitness center, cafeteria, Summer Fridays, bonuses based on performance and level, work from home policy, and career development courses. Depending on the department you are in, there are friendly coworkers and managers.

Cons

Jesus...more Cons than Pros......So Please think twice 1) All employees get paid for 37.5 hours not 40 hours. You don’t get paid for lunch 2)Promotions are very slow in certain departments. You have to switch to get promoted most of the time. 3)Company uses very olddddddd systems that are not even utilized at other companies (literally adds no value to your resume) 4)Management has a tendency to ask employees to “streamline” work but the work never gets streamlined. They add additional unnecessary work which then makes it twice as hard to get the work done 5)Some managers are very incompetent and create toxic work environments 6)Work can be redundant, overdone, and not valuable for a future job opportunity 7)I have met lazy people who dump work on others real quickly or find a way to “not work too hard” 8)They ask you to submit goals every year ( annoying) Please don’t apply or join if you are expecting to learn so much. Company rarely changes processes or systems.

1.0
Oct 10, 2016
Recommend
CEO approval
Business Outlook

Pros

- You get to manage your own time. - The New York Life products are one of the best in the market. - Great training in Sales Development. - You are employed by NYLife, not by the local Dallas GO.

Cons

- You are sold nothing but pipe dreams similar to multi level marketing schemes. - Management is horrible and abusive (Our team supervisor would yell at us and call us good for nothing freeloaders). That's just one example. - You work 100% on commissions. - There are no real programs or help from the team leaders on prospecting. - Training is great on the Sales Development aspect but nearly absent on how to run the system. And the partners hardly know anything as well. - The turnover rate is unbelievable. In my two years with New York Life I only saw one agent that started with me stick. Even experienced agents end up eventually leaving the company. - Just like with Multi Level Marketing Schemes, you are brain washed into believing that the "next big case is right around the corner". But it doesn't matter whether you personally choose to keep running after that illusion, if your numbers don't help the office average illusion, they will show you the door. They will tell you that the main office in NY did not renew your contract (a lie), and when you stop showing up they send a letter to the main office saying that you quit. - The office culture is horrible. Agents look miserable and abused.

Viewing 46 - 48 of 5,474 Reviews

Glassdoor has 6,510 New York Life reviews submitted anonymously by New York Life employees. Read employee reviews and ratings on Glassdoor to decide if New York Life is right for you.