New York Life reviews

3.7

62% would recommend to a friend

(5,486 total reviews)
avatar

Craig DeSanto

78% approve of CEO

62% positive business outlook

New York Life has an employee rating of 3.7 out of 5 stars, based on 5,486 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
5.0
Jul 10, 2010
Recommend
CEO approval
Business Outlook

Pros

You are in charge of you! Training is excellent. Compensation is 100% commission BUT there is commission base training pay. It starts out at 80% for the first year, goes to 45% the second year, and 35% for the third and last year of training pay. If you dont earn all you are entitled to, it rolls over to the second year.

Cons

You are in charge of you!....so, if you dont do a good job of managing yourself....you may not do well in the type of career. NO base. You must have another wage earner or some money saved up while you work on building your business. There are reversals and it can be devastating. If you are new to the financial world, it is a huge learning curve. Be prepared to be uncomfortable in many situations. Some people will do excellent (having friends and family doing business with them) and others will struggle. Thats just the way it is.

3.0
Jul 8, 2010
Recommend
CEO approval
Business Outlook

Pros

Good company that is committed to it's policy holders. Great renewals. If you are going to work for a life insurance company this is the one to do it at.

Cons

Really a very hard industry to enter without knowing a lot of people or having a large family that you can prospect. Will hire anyone that seems competent. Have seen a lot of people quit.

5.0
Jun 29, 2010
Recommend
CEO approval
Business Outlook

Pros

unlimited potential income work/life flexibility great management training allowance on top of commission

Cons

commission only have to be continually seeing people because your inital market will dry up being prepared to hear "NO" a lot

Viewing 5392 - 5394 of 5,486 Reviews

Glassdoor has 6,523 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.