Does New York Life pay their employees well?

According to anonymously submitted Glassdoor reviews, New York Life employees rate their compensation and benefits as 3.5 out of 5. Find out more about salaries and benefits at New York Life. This rating has decreased by 2% over the last 12 months.

How satisfied are employees working at New York Life?

63% of New York Life employees would recommend working there to a friend based on Glassdoor reviews . Employees also rated New York Life 3.9 out of 5 for work life balance, 3.8 for culture and values and 3.7 for career opportunities.

What are the top reviewed jobs at New York Life?

Agent (670) , Insurance Agent (640) , Financial Services Professional (254) , Financial Advisor (227) , Senior Associate (138) , Registered Representative (137) , Intern (102) , Financial Services Representative (98) , Life Insurance Agent (98) , Insurance Sales Agent (97) , Financial Professional (95) , Corporate Vice President (86) , Customer Service Representative (83) , Partner (57) , CVP (54)

What are the pros of working at New York Life according to real employee reviews?

"Can be lucrative and great training" ((in 566 reviews)); "Great hours and people that work there" ((in 337 reviews)); "great benefits and close to freeways" ((in 313 reviews)); "moving to Agile from Waterfall based projects) Internal Mobility is good if you're interested Good work/life balance at the company" ((in 196 reviews)); "A great culture based in giving and many events to attend if you have time." ((in 180 reviews))

What are the cons of working at New York Life according to real employee reviews?

"Captive agent and since this is a commission only position you can get into financial difficulties if you are having a bad month production" ((in 319 reviews)); "no salary for all the time and effort you have to put in unless in management." ((in 243 reviews)); "Poor management and lack of help." ((in 174 reviews)); "The reason someone makes a good manager at NYL is because they know how to sell people." ((in 108 reviews)); "Even more of a deathknell, upper management is slowly outsourcing every department." ((in 31 reviews))

What are employees saying about New York Life layoffs in 2026?

Explore Glassdoor’s employee reviews to understand what current and former employees are saying about New York Life layoffs and their outlook for job security at New York Life in 2026.

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New York Life

New York Life reviews

3.7

63% would recommend to a friend

(5,480 total reviews)

Craig DeSanto

78% approve of CEO

63% positive business outlook

Ratings by category

4.2

Diversity & inclusion

3.9

Work/Life balance

3.8

Culture & values

3.7

Career opportunities

3.6

Senior management

3.5

Compensation and benefits

New York Life has an employee rating of 3.7 out of 5 stars, based on 5,480 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).

Ratings by demographic groups

Race / Ethnicity

Gender

Sexual orientation

Disability

Parent or family caregiver

Veteran status

Reviews by job title

5K reviews

3.0

Mar 26, 2010

If you don't have money to fall back on, this is not a job for you

Agent

Recommend

CEO approval

Business Outlook

Pros

Great benifits. You have as much time off as you need to get things in your personal life straight if need be. You are your own boss, if you don't work you don't get paid. Friendly staff at the office that are usually willing to help you out at anytime.

Cons

Commision only. It took 2 months for me to get my first paycheck from signing my contract. You have to pay for everything from computer usuage, internet, phone service and equipment, cubicle, IT staff, Mail staff..... It seems every month there is a new monthly charge. Managment doesn't disclose all this information when hiring you. You are not given any leads, if you are new to an area and don't have a lot of friends, family or college buddies near by then think twice about joining. Not having a large natural market hurts you and you will only get a few internet leads that never work out, plus you will get charged for most of those leads.

2.0

Mar 25, 2010

Great to its clients but not its agents.

Agent

Recommend

CEO approval

Business Outlook

Pros

The GM and DM I worked with were excellent and knowledgeable. Compensation is good(relative for the insurance industry), its feast or famine

Cons

Dont treat agents fairly..i.e. not paying bonuses when we hit quotas Do thing without telling agents, such as messing with your taxes then you get a big surprize once it comes to tax season. The business revolves around aquiring business from you family and friends, cold calling, or knocking on doors.

2.0

Mar 18, 2010

If I had to do it over again I wouldn't be with New York Life

Senior systems programming engineer

Recommend

CEO approval

Business Outlook

Pros

Good Benefits and lots of vacation time and sick days given. Best in the industry

Cons

No recognition from management for exceptional work. Nearly impossible to get a raise/promotion. Old boy Network. Poor Salary and Raise/Bonus compensation. I am concerned about the future of the NYL because there is not enough mentoring of technical people. Everyone shares the blame on this one. Human resourses are invisible and don't interact with their employees. The review process is inferior at best.

Viewing 5407 - 5409 of 5,480 Reviews

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