New York Life reviews

3.7

62% would recommend to a friend

(5,473 total reviews)
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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
1.0
Oct 7, 2015
Recommend
CEO approval
Business Outlook

Pros

Fairly decent facilities, great benefits

Cons

Stay away from this company like the plague if you are in IT. After numerous failed attempts to revitalize the IT environment, that all failed due to the ineptitude of senior management from the CEO on down, the firm has now decided that the way to move forward is to replace numerous key positions with outsourced labor from India. I can see using outsourced labor to facilitate special needs where the talent does not reside in house, but the Help Desk and Network Operations? If they can't run these areas efficiently, then the leaders should be replaced. I have built and run successful support organizations in some of the toughest markets in the world, and I can tell you New York Life is failing solely due to the inability or unwillingness of upper management to do what needed to be done, and also their unwillingness to get out of the way of their people who are committed to moving the company forward. That's not to say there aren't people who need to go: There are, but that doesn't mean you replace everyone because of a few bad apples. New York Life will no longer "Keep Good Going" when they use strong arm tactics to push through one more organizational transformation that is doomed to mediocrity or failure as a result of managerial incompetence.

5.0
Jul 6, 2014
Recommend
CEO approval
Business Outlook

Pros

Great training and partners really do want you to succeed (perhaps only because it helps THEIR bottom line), but regardless, do not listen to those who say partners don't care, because the better you do, the more money they make, so it doesn't make sense for them to bring you on and leave you to the wolves. Training is great, very knowledgeable partners and trainers, vibrant and fast paced atmosphere. Make your own schedule but initially expect to come in to the office quite a bit for training, etc.

Cons

It'll take awhile to get paid. You first need to get PTAS contract approved, then develop the business and place 5 life policies and $1500 in FYC before they will trigger you to TAS and pay you. In the meantime you are going to be spending money on gas and tolls to drive all over creation to meet with prospects, you need your own computer, in my case I needed to buy suits. During PTAS need to have some savings, a part time job, or a well off spouse/significant other to get rolling. Realistically give it 6 months before you can start supporting yourself. Will be hard work and long hours but if you enjoy the work it's not an issue. Must be thick skinned. You WILL be contacting friends and family, not necessarily to sell to but at least for referrals, so make sure you are comfortable with that.

1.0
Mar 22, 2012
Recommend
CEO approval
Business Outlook

Pros

great training on whole life insurance brand name and overall recognition of the company financial strength best whole life products on market

Cons

hit with fees left and right for every aspect of business expenses partner/manager non responsive lack of direction from management Long time to underwrite cases Please anyone considering signing a contract with NYL, make sure you have 6 months personal and business expenses saved up. Both my wife and I went with the company and it has brought us to the point of being bankrupt. they will not tell you the pit falls during the recruiting process, and once you are in, the partners are our recruiting the next agent. Please, please read the other submissions from agents that are posted here. You must drink the "kool-aid" and master whole life sales. You WILL be badgered to sell your friends and family as quickly as possible and you will lose contact with them as they don't want to be sold life insurance. Underwriting is VERY tough and slow here. it has taken an average of 2.5 months to get a case through. Go into this opportunity understanding that you will be left on your own, but also remember if you fail; its not all your fault. (I have been very successful in other places, this is just not the right fit for me.)

Viewing 49 - 51 of 5,473 Reviews

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