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

4.0

Mar 15, 2010

The future of the life insurance industry will be interesting.

Agent

Recommend

CEO approval

Business Outlook

Pros

Great people, freedom in work/personal life, ability to learn how to run your own business. New York Life has a very large number of successful Agents and the industry's largest number of MDRT Agents.

Cons

I am concerned about the future of the life insurance industry because there is not enough mentoring of new Agents at New York Life and other companies. Everyone shares the blame on this one.

3.0

Mar 10, 2010

Conservative Company = Conservative Pay

Vice president

Recommend

CEO approval

Business Outlook

Pros

The company is generous with vacation time. The conservative nature allows the company to hold its ground in rough markets.

Cons

Tendency to disregard and not reward the talent of long time employees. Many have found that the best way to get a raise decent raise in the company is to leave for another job and then come back.

2.0

Mar 8, 2010

Be Happy You Have a Job

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

The company recently obtained the number one position on the World's Most Admired Company list and it is a fiscally responsible organization, dedicated to maintaining private ownership.

Cons

Despite the highly touted introduction of "Executive Development" and "Diversity and Inclusion" programs, the company is not a good choice for entry or mid-level employees (read, non-executive). Anyone who expresses any desire or initiative to grow in their role is told "if you want to make more money, you'll have to go to another company" and "be happy you have a job right now" even though it's the dedication, loyalty, and hard work of lower level employees that has made the company what it is. Very demoralizing place to be right now. Very few employees are given the opportunity to be on a career track, no matter the talent, creativity or initiative displayed.

Viewing 5410 - 5412 of 5,480 Reviews

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